World Flex PCL (BKK:WFX) Days Inventory : 40.02 (As of Mar. 2024)

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What is World Flex PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). World Flex PCL's Average Total Inventories for the three months ended in Mar. 2024 was ฿342 Mil. World Flex PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿779 Mil. Hence, World Flex PCL's Days Inventory for the three months ended in Mar. 2024 was 40.02.

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

BKK:WFX' s Days Inventory Range Over the Past 10 Years
Min: 36.92 Med: 38.57 Max: 42.34
Current: 41.83

During the past 5 years, World Flex PCL's highest Days Inventory was 42.34. The lowest was 36.92. And the median was 38.57.

BKK:WFX's Days Inventory is ranked better than
89.76% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.905 vs BKK:WFX: 41.83

World Flex PCL's Days Inventory declined from Mar. 2023 (48.02) to Mar. 2024 (40.02).

Inventory Turnover measures how fast the company turns over its inventory within a year. World Flex PCL's Inventory Turnover for the three months ended in Mar. 2024 was 2.28.

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. World Flex PCL's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.44.

World Flex PCL Days Inventory Historical Data

The historical data trend for World Flex 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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World Flex PCL Days Inventory Chart

World Flex PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

42.34

38.70

36.92

37.73

38.57

World Flex PCL Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											48.02	48.75	37.58	33.97	40.02

Competitive Comparison of World Flex PCL's Days Inventory

For the Textile Manufacturing subindustry, World Flex 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.

World Flex PCL's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, World Flex PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where World Flex PCL's Days Inventory falls into.

World Flex PCL Days Inventory Calculation

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

World Flex PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (310.114	+	277.346)	/	2 )	/	2779.617	*	365
=	293.73					/	2779.617	*	365
=	38.57

World Flex PCL's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (277.346	+	406.121)	/	2 )	/	779.261	*	365 / 4
=	341.7335					/	779.261	*	365 / 4
=	40.02

World Flex PCL (BKK:WFX) 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.

World Flex PCL's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	779.261	/	341.7335
	=	2.28

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.

World Flex PCL's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	341.7335	/	770.601
	=	0.44

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.

World Flex PCL Days Inventory Related Terms

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

World Flex PCL (BKK:WFX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » World Flex PCL (BKK:WFX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Pluakdaeng Road, 59/1 moo 5, Tambol Manam Koo, Amphur Pluakdaeng, Rayong, THA, 10260

Website

https://www.worldflex.net

World Flex PCL is engaged in the manufacturing of high-quality rubber thread. It is engaged in the manufacture and sales of latex thread.

World Flex PCL (BKK:WFX) Headlines

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