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Asia Biomass PCL (BKK:ABM) Inventory Turnover : 1.42 (As of Mar. 2024)


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What is Asia Biomass 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 Biomass PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿551 Mil. Asia Biomass PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿389 Mil. Asia Biomass PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Biomass PCL's Days Inventory for the three months ended in Mar. 2024 was 64.49.

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 Biomass PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.


Asia Biomass PCL Inventory Turnover Historical Data

The historical data trend for Asia Biomass 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.

* Premium members only.

Asia Biomass PCL Inventory Turnover Chart

Asia Biomass PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.23 7.13 7.25 8.78 5.96

Asia Biomass 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 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 1.45 1.82 2.16 1.25 1.42

Asia Biomass PCL Inventory Turnover Calculation

Asia Biomass 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 )
=2085.637 / ((291.766 + 408.165) / 2 )
=2085.637 / 349.9655
=5.96

Asia Biomass 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 )
=550.597 / ((408.165 + 370.045) / 2 )
=550.597 / 389.105
=1.42

* 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.


Asia Biomass PCL  (BKK:ABM) 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 Biomass 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
=389.105/550.597*365 / 4
=64.49

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 Biomass 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 )
=389.105 / 646.28
=0.60

* 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.


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 Biomass PCL Inventory Turnover Related Terms

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Asia Biomass PCL (BKK:ABM) Business Description

Traded in Other Exchanges
N/A
Address
No. 273/2 Rama II Road, Samae Dam Sub-District, Bang Khun Thian District, Bangkok, THA, 10150
Asia Biomass PCL is a Thailand based company engaged in the trading of biomass. The company is involved in sourcing and distributing biomass fuels from palm shell, wood chip, saw dust and wood pellet. Its operating segment includes sale of goods and provision of service. The company generates maximum revenue from Sales segment.

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