BTS Group Holdings (BKK:BTS) Inventory Turnover : 4.48 (As of Dec. 2023)

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What is BTS Group Holdings 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. BTS Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿3,699 Mil. BTS Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿826 Mil. BTS Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BTS Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 20.39.

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. BTS Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

BTS Group Holdings Inventory Turnover Historical Data

The historical data trend for BTS Group Holdings'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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BTS Group Holdings Inventory Turnover Chart

BTS Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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62.16

48.22

46.90

25.36

13.76

BTS Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.36	3.85	4.60	3.23	4.48

BTS Group Holdings Inventory Turnover Calculation

BTS Group Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	12310.843	/ (	(976.94	+	811.94)	/	2 )
=	12310.843	/	894.44
=	13.76

BTS Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3698.735	/ (	(847.933	+	805.025)	/	2 )
=	3698.735	/	826.479
=	4.48

BTS Group Holdings (BKK:BTS) 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.

BTS Group Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	826.479	/	3698.735	*	365 / 4
	=	20.39

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.

BTS Group Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	826.479	/	5062.526
	=	0.16

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.

BTS Group Holdings Inventory Turnover Related Terms

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BTS Group Holdings (BKK:BTS) Business Description

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BTS-F:Thailand

Address

21 Soi Choei Phuang, Viphavadi-Rangsit Road, 15th Floor, TST Tower, Jompol, Jatujak, Bangkok, THA, 10900

Website

https://www.btsgroup.co.th

BTS Group Holdings PLC is a transport and media company domiciled in Thailand. The company's segments include Move; Mix and Match. It generates maximum revenue from the Move segment. Move segment accounts for the provision of mass transportation services for rail and other. The revenue and cost consist of the electric rail's operating and maintenance service, electric rail's installation and construction services, train procurement services and other related services as well as the provision of the bus rapid transit.

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