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Advice IT Infinite PCL (BKK:ADVICE) Inventory Turnover : 2.53 (As of Sep. 2023)


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What is Advice IT Infinite 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. Advice IT Infinite PCL's Cost of Goods Sold for the three months ended in Sep. 2023 was ฿3,272 Mil. Advice IT Infinite PCL's Average Total Inventories for the quarter that ended in Sep. 2023 was ฿1,291 Mil. Advice IT Infinite PCL's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advice IT Infinite PCL's Days Inventory for the three months ended in Sep. 2023 was 36.01.

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. Advice IT Infinite PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.36.

Advice IT Infinite PCL Inventory Turnover Historical Data

The historical data trend for Advice IT Infinite 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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Advice IT Infinite PCL Inventory Turnover Chart

Advice IT Infinite PCL Annual Data
Trend Dec20 Dec21 Dec22
Inventory Turnover
- 12.63 10.60

Advice IT Infinite PCL Quarterly Data
Dec21 Sep22 Dec22 Sep23
Inventory Turnover - 2.63 2.29 2.53

Advice IT Infinite PCL Inventory Turnover Calculation

Advice IT Infinite PCL's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=13159.055 / ((1250.362 + 1232.677) / 2 )
=13159.055 / 1241.5195
=10.60

Advice IT Infinite PCL's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Sep. 2023 )) / count )
=3271.76 / ((1232.677 + 1349.331) / 2 )
=3271.76 / 1291.004
=2.53

* 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.

Advice IT Infinite PCL  (BKK:ADVICE) 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.

Advice IT Infinite PCL's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=1291.004/3271.76*365 / 4
=36.01

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.

Advice IT Infinite PCL's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=1291.004 / 3586.388
=0.36

* 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.

Advice IT Infinite PCL Inventory Turnover Related Terms

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Advice IT Infinite PCL (BKK:ADVICE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » Inventory Turnover
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Address
74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA
Website
https://www.advice.co.th
Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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