Triple i Logistics PCL (BKK:III) Inventory Turnover : 258.42 (As of Mar. 2024)

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What is Triple i Logistics 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. Triple i Logistics PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿401 Mil. Triple i Logistics PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿2 Mil. Triple i Logistics PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 258.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Triple i Logistics PCL's Days Inventory for the three months ended in Mar. 2024 was 0.35.

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. Triple i Logistics PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Triple i Logistics PCL Inventory Turnover Historical Data

The historical data trend for Triple i Logistics 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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Triple i Logistics PCL Inventory Turnover Chart

Triple i Logistics PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1,545.69

947.72

1,746.60

1,409.23

832.50

Triple i Logistics 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															190.35	191.11	187.73	263.83	258.42

Triple i Logistics PCL Inventory Turnover Calculation

Triple i Logistics 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 )
=	1383.195	/ (	(1.718	+	1.605)	/	2 )
=	1383.195	/	1.6615
=	832.50

Triple i Logistics 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 )
=	401.448	/ (	(1.605	+	1.502)	/	2 )
=	401.448	/	1.5535
=	258.42

Triple i Logistics PCL (BKK:III) 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.

Triple i Logistics 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
	=	1.5535	/	401.448	*	365 / 4
	=	0.35

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.

Triple i Logistics 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 )
	=	1.5535	/	499.651
	=	0.00

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.

Triple i Logistics PCL Inventory Turnover Related Terms

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Triple i Logistics PCL (BKK:III) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Triple i Logistics PCL (BKK:III) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Klab Chom, Nonsee Road, 628, 3rd Floor, Triple i Building, Chongnonsee, Yannawa, Bangkok, THA, 10120

Website

https://www.iii-logistics.com

Triple i Logistics PCL is a logistics service provider in Thailand. The company's reportable segments include Airfreight, Sea and inland freight, Logistics management, Chemical and hazardous goods logistics and Other management services. The majority of its revenue is from the Chemical and hazardous goods logistics segment, it operates as a services provider for sea, air, rails, and in-land, both local and overseas including warehouse management and distribution for chemical and hazardous goods.