Eastern Technical Engineering PCL (BKK:ETE-F) Inventory Turnover : 3.21 (As of Dec. 2023)

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What is Eastern Technical Engineering 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. Eastern Technical Engineering PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿443.48 Mil. Eastern Technical Engineering PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿138.05 Mil. Eastern Technical Engineering PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastern Technical Engineering PCL's Days Inventory for the three months ended in Dec. 2023 was 28.41.

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. Eastern Technical Engineering PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Eastern Technical Engineering PCL Inventory Turnover Historical Data

The historical data trend for Eastern Technical Engineering 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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Eastern Technical Engineering PCL Inventory Turnover Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.72

9.45

8.45

12.61

16.33

Eastern Technical Engineering PCL 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															6.03	3.24	2.21	1.81	3.21

Eastern Technical Engineering PCL Inventory Turnover Calculation

Eastern Technical Engineering 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 )
=	1391.516	/ (	(60.837	+	109.6)	/	2 )
=	1391.516	/	85.2185
=	16.33

Eastern Technical Engineering PCL'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 )
=	443.481	/ (	(166.508	+	109.6)	/	2 )
=	443.481	/	138.054
=	3.21

Eastern Technical Engineering PCL (BKK:ETE-F) 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.

Eastern Technical Engineering PCL'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
	=	138.054	/	443.481	*	365 / 4
	=	28.41

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.

Eastern Technical Engineering PCL'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 )
	=	138.054	/	512.392
	=	0.27

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.

Eastern Technical Engineering PCL Inventory Turnover Related Terms

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Eastern Technical Engineering PCL (BKK:ETE-F) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE-F) » Definitions » Inventory Turnover

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ETE:Thailand

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

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