Asia Metal PCL (BKK:AMC) Inventory Turnover : 1.40 (As of Mar. 2024)

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What is Asia Metal 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 Metal PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿2,055 Mil. Asia Metal PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿1,472 Mil. Asia Metal PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asia Metal PCL's Days Inventory for the three months ended in Mar. 2024 was 65.38.

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 Metal PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Asia Metal PCL Inventory Turnover Historical Data

The historical data trend for Asia Metal 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 Metal PCL Inventory Turnover Chart

Asia Metal PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.07

4.63

6.08

4.63

4.97

Asia Metal 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															1.37	1.21	1.21	1.14	1.40

Asia Metal PCL Inventory Turnover Calculation

Asia Metal 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 )
=	7219.915	/ (	(1136.493	+	1766.688)	/	2 )
=	7219.915	/	1451.5905
=	4.97

Asia Metal 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 )
=	2055.005	/ (	(1766.688	+	1178.137)	/	2 )
=	2055.005	/	1472.4125
=	1.40

Asia Metal PCL (BKK:AMC) 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 Metal 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
	=	1472.4125	/	2055.005	*	365 / 4
	=	65.38

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 Metal 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 )
	=	1472.4125	/	2228.94
	=	0.66

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 Metal PCL Inventory Turnover Related Terms

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Asia Metal PCL (BKK:AMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Asia Metal PCL (BKK:AMC) » Definitions » Inventory Turnover

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N/A

Address

55, 55/1 Moo 2 Soi Watnamdaeng Srinakarin Road, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540

Website

https://www.asiametal.co.th

Asia Metal PCL is engaged in producing and selling of processed steel products. Its subsidiaries operate to produce and provide steel cutting and modifying service and the another operates to produce and sell of processed steel products. Its products include coil rolls, pipes, bars, and tubes. It derives revenue from producing and selling of processed steel products and providing steel cutting and modifying service in Thailand.