Asia Aviation PCL (BKK:AAV-F) Inventory Turnover : 20.23 (As of Mar. 2024)

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What is Asia Aviation PCL Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Asia Aviation PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿11,242 Mil. Asia Aviation PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿556 Mil. Asia Aviation PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 20.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Aviation PCL's Days Inventory for the three months ended in Mar. 2024 was 4.51.

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. Asia Aviation PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Asia Aviation PCL Inventory Turnover Historical Data

The historical data trend for Asia Aviation PCL's Inventory Turnover 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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Asia Aviation PCL Inventory Turnover Chart

Asia Aviation PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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158.85

76.59

47.71

74.53

80.93

Asia Aviation PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															23.41	33.22	31.54	24.11	20.23

Asia Aviation PCL Inventory Turnover Calculation

Asia Aviation PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	36811.642	/ (	(401.262	+	508.49)	/	2 )
=	36811.642	/	454.876
=	80.93

Asia Aviation PCL's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	11242.324	/ (	(508.49	+	602.926)	/	2 )
=	11242.324	/	555.708
=	20.23

Asia Aviation PCL (BKK:AAV-F) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Asia Aviation PCL's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	555.708	/	11242.324	*	365 / 4
	=	4.51

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.

Asia Aviation PCL's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	555.708	/	13793.749
	=	0.04

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Asia Aviation PCL Inventory Turnover Related Terms

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Asia Aviation PCL (BKK:AAV-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Aviation PCL (BKK:AAV-F) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

AAV:Thailand 55AA:Germany

Address

Vibhavadee Rangsit Road, 3rd floor, Central Office Building, Room no. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210

Website

https://www.aavplc.com

Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. The company has two operating segments; Schedule flight operations provide passenger air transportation services to routine destinations for scheduled flights. It sells tickets through its distribution channels such as websites, sale counters, travel agents. and Chartered flight operations provide passenger air transportation services to non-routine destinations. Flights are operated when there is hiring from customers such as tourist agency companies.

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