Thai Mitsuwa PCL (BKK:TMW) Days Inventory : 41.03 (As of Dec. 2023)

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What is Thai Mitsuwa PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thai Mitsuwa PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿341 Mil. Thai Mitsuwa PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿759 Mil. Hence, Thai Mitsuwa PCL's Days Inventory for the three months ended in Dec. 2023 was 41.03.

The historical rank and industry rank for Thai Mitsuwa PCL's Days Inventory or its related term are showing as below:

BKK:TMW' s Days Inventory Range Over the Past 10 Years
Min: 15.74 Med: 27.18 Max: 45.15
Current: 37.33

During the past 13 years, Thai Mitsuwa PCL's highest Days Inventory was 45.15. The lowest was 15.74. And the median was 27.18.

BKK:TMW's Days Inventory is ranked better than
86.39% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs BKK:TMW: 37.33

Thai Mitsuwa PCL's Days Inventory increased from Dec. 2022 (29.41) to Dec. 2023 (41.03). It might indicate that Thai Mitsuwa PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai Mitsuwa PCL's Inventory Turnover for the three months ended in Dec. 2023 was 2.22.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Thai Mitsuwa PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.34.

Thai Mitsuwa PCL Days Inventory Historical Data

The historical data trend for Thai Mitsuwa PCL's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thai Mitsuwa PCL Days Inventory Chart

Thai Mitsuwa PCL Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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26.96

37.44

45.15

34.32

35.37

Thai Mitsuwa PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															29.41	35.69	37.86	36.38	41.03

Competitive Comparison of Thai Mitsuwa PCL's Days Inventory

For the Specialty Chemicals subindustry, Thai Mitsuwa PCL's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Mitsuwa PCL's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Thai Mitsuwa PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thai Mitsuwa PCL's Days Inventory falls into.

Thai Mitsuwa PCL Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Thai Mitsuwa PCL's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (267.934	+	335.456)	/	2 )	/	3113.688	*	365
=	301.695					/	3113.688	*	365
=	35.37

Thai Mitsuwa PCL's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (343.096	+	339.274)	/	2 )	/	758.832	*	365 / 4
=	341.185					/	758.832	*	365 / 4
=	41.03

Thai Mitsuwa PCL (BKK:TMW) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Thai Mitsuwa PCL's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	758.832	/	341.185
	=	2.22

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Thai Mitsuwa PCL's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	341.185	/	1013.143
	=	0.34

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Thai Mitsuwa PCL Days Inventory Related Terms

Thank you for viewing the detailed overview of Thai Mitsuwa PCL's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Mitsuwa PCL (BKK:TMW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Mitsuwa PCL (BKK:TMW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

31 Moo 2, Tambol Banchang, Amphur Muang, Pathum Thani, THA, 12000

Website

http://www.thaimitsuwa.com

Thai Mitsuwa PCL is a Thailand-based manufacturing company. The company's operating segment includes the manufacture and sales of plastic; the manufacture and sales of magnesium and the manufacture and sales of mold. It generates maximum revenue from the manufacture and sales of the magnesium segment. The product portfolio of the company includes Automotive parts comprising plastic parts for fenders front, rear panels, and door handles; Home Appliances comprising plastic parts for audio-video products like DVD and Home systems and magnesium products.

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