Goldfine Manufacturers (BKK:GFM-R) Inventory-to-Revenue: 0.96 (As of Sep. 2014)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Goldfine Manufacturers Inventory-to-Revenue?

Goldfine Manufacturers BKK:GFM-R Inventory-to-Revenue is 0.96 as of Sep. 2014. The stock has 3 warning signs investors should review.

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. Goldfine Manufacturers's Average Total Inventories for the quarter that ended in Sep. 2014 was ฿285.98 Mil. Goldfine Manufacturers's Revenue for the three months ended in Sep. 2014 was ฿296.62 Mil. Goldfine Manufacturers's Inventory-to-Revenue for the quarter that ended in Sep. 2014 was 0.96.

Goldfine Manufacturers's Inventory-to-Revenue for the quarter that ended in Sep. 2014 increased from Jun. 2014 (0.95) to Jun. 2014 (0.96)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Goldfine Manufacturers's Days Inventory for the three months ended in Sep. 2014 was 113.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Goldfine Manufacturers's Inventory Turnover for the quarter that ended in Sep. 2014 was 0.80.


Goldfine Manufacturers  (BKK:GFM-R) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Goldfine Manufacturers's Days Inventory for the three months ended in Sep. 2014 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2014 )/Cost of Goods Sold (Q: Sep. 2014 )*Days in Period
=285.9775/229.04*365 / 4
=113.93

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

Goldfine Manufacturers's Inventory Turnover for the quarter that ended in Sep. 2014 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2014 ) / Average Total Inventories (Q: Sep. 2014 )
=229.04 / 285.9775
=0.80

* 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.


Goldfine Manufacturers Inventory-to-Revenue Related Terms


Goldfine Manufacturers Inventory-to-Revenue Historical Data

* Premium members only.

The historical data trend for Goldfine Manufacturers's Inventory-to-Revenue 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.

Goldfine Manufacturers Inventory-to-Revenue Chart

Goldfine Manufacturers Annual Data
Trend Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only 0.20 0.18 0.19 0.25 0.23

Goldfine Manufacturers Quarterly Data
Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.87 0.79 0.93 0.95 0.96

Goldfine Manufacturers Inventory-to-Revenue Competitor Comparison

For the Luxury Goods subindustry, Goldfine Manufacturers's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Goldfine Manufacturers Inventory-to-Revenue vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Goldfine Manufacturers's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Goldfine Manufacturers's Inventory-to-Revenue falls into.



Goldfine Manufacturers Inventory-to-Revenue Calculation

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.

Goldfine Manufacturers's Inventory-to-Revenue for the fiscal year that ended in Dec. 2013 is calculated as

Inventory-to-Revenue (A: Dec. 2013 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2012 ) + Total Inventories (A: Dec. 2013 )) / count ) / Revenue (A: Dec. 2013 )
=( (281.537 + 254.447) / 2 ) / 1192.718
=267.992 / 1192.718
=0.22

Goldfine Manufacturers's Inventory-to-Revenue for the quarter that ended in Sep. 2014 is calculated as

Inventory-to-Revenue (Q: Sep. 2014 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2014 ) + Total Inventories (Q: Sep. 2014 )) / count ) / Revenue (Q: Sep. 2014 )
=( (273.877 + 298.078) / 2 ) / 296.615
=285.9775 / 296.615
=0.96

* 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.

Frequently Asked Questions Learn more about Inventory-to-Revenue →
What does a Inventory-to-Revenue of 0.96 mean?
Goldfine Manufacturers (BKK:GFM-R) has a Inventory-to-Revenue of 0.96 as of Sep. 2014. Inventory-to-Sales ratio is the total inventories divided by total sales. View historical data on Goldfine Manufacturers and its competitors.
Is Goldfine Manufacturers' Inventory-to-Revenue too high?
Goldfine Manufacturers' current Inventory-to-Revenue is 0.96.
How does Goldfine Manufacturers' Inventory-to-Revenue compare to competitors?
Goldfine Manufacturers' Inventory-to-Revenue of 0.96 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory-to-Revenue for a Retail - Cyclical company?
A good Inventory-to-Revenue depends on the Retail - Cyclical industry context. However, Inventory-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory-to-Revenue mean?
A high Inventory-to-Revenue can signal that a stock is expensive relative to its fundamentals. Inventory-to-Sales ratio is the total inventories divided by total sales. View historical data on Goldfine Manufacturers and its competitors. Goldfine Manufacturers's current Inventory-to-Revenue is 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldfine Manufacturers stock overvalued right now?
Goldfine Manufacturers (BKK:GFM-R) has a current Inventory-to-Revenue of 0.96. The current Inventory-to-Revenue is 0.96. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory-to-Revenue calculated?
Inventory-to-Revenue is calculated from a company's financial statements. For Goldfine Manufacturers (BKK:GFM-R), the current Inventory-to-Revenue is 0.96 as of Sep. 2014. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Goldfine Manufacturers Business Description

Goldfine Manufacturers Public Company Limited was incorporated on 26 September 1989 in Thailand. The Company is a manufacturer, importer and exporter of ornaments and jewelries. It manufactures and exports gold, silver, platinum jewelry sets with diamonds, precious stones, semi-precious stones and others.