Bioscience Animal Health PCL (BKK:BIS) Inventory Turnover : 1.45 (As of Mar. 2024)

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What is Bioscience Animal Health 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. Bioscience Animal Health PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿487 Mil. Bioscience Animal Health PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿337 Mil. Bioscience Animal Health PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bioscience Animal Health PCL's Days Inventory for the three months ended in Mar. 2024 was 63.11.

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. Bioscience Animal Health PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.

Bioscience Animal Health PCL Inventory Turnover Historical Data

The historical data trend for Bioscience Animal Health 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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Bioscience Animal Health PCL Inventory Turnover Chart

Bioscience Animal Health PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.54

8.50

8.08

7.43

6.62

Bioscience Animal Health PCL Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.62	1.53	1.63	1.67	1.45

Bioscience Animal Health PCL Inventory Turnover Calculation

Bioscience Animal Health 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 )
=	2079.605	/ (	(279.078	+	348.868)	/	2 )
=	2079.605	/	313.973
=	6.62

Bioscience Animal Health 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 )
=	487.363	/ (	(348.868	+	325.303)	/	2 )
=	487.363	/	337.0855
=	1.45

Bioscience Animal Health PCL (BKK:BIS) 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.

Bioscience Animal Health 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
	=	337.0855	/	487.363	*	365 / 4
	=	63.11

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.

Bioscience Animal Health 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 )
	=	337.0855	/	568.36
	=	0.59

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.

Bioscience Animal Health PCL Inventory Turnover Related Terms

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Bioscience Animal Health PCL (BKK:BIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Bioscience Animal Health PCL (BKK:BIS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bond Street Road, No. 479, 4th Floor, Muangthongthani, Bangphut, Pakkret, Nonthaburi, THA, 11120

Website

https://www.bis-group.com

Bioscience Animal Health PCL engaged in manufacture, import and distribution of pharmaceutical supplies, medical devices, equipment, and products for livestock and companion animals (pets). Geographically, the company generates revenue from Thailand.