Indorama Ventures PCL (BKK:IVL) Inventory Turnover : 1.16 (As of Mar. 2024)

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What is Indorama Ventures 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. Indorama Ventures PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿116,300 Mil. Indorama Ventures PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿100,262 Mil. Indorama Ventures PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Indorama Ventures PCL's Days Inventory for the three months ended in Mar. 2024 was 78.67.

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. Indorama Ventures PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Indorama Ventures PCL Inventory Turnover Historical Data

The historical data trend for Indorama Ventures 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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Indorama Ventures PCL Inventory Turnover Chart

Indorama Ventures PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.68

4.96

5.36

5.31

4.48

Indorama Ventures 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															1.07	1.09	1.13	1.17	1.16

Indorama Ventures PCL Inventory Turnover Calculation

Indorama Ventures 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 )
=	476039.29	/ (	(115872.264	+	96656.579)	/	2 )
=	476039.29	/	106264.4215
=	4.48

Indorama Ventures 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 )
=	116300.089	/ (	(96656.579	+	103867.834)	/	2 )
=	116300.089	/	100262.2065
=	1.16

Indorama Ventures PCL (BKK:IVL) 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.

Indorama Ventures 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
	=	100262.2065	/	116300.089	*	365 / 4
	=	78.67

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.

Indorama Ventures 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 )
	=	100262.2065	/	135908.226
	=	0.74

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.

Indorama Ventures PCL Inventory Turnover Related Terms

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Indorama Ventures PCL (BKK:IVL) Business Description

Industry

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Traded in Other Exchanges

INDOY:USA I93:Germany

Address

Asoke Road, Klongtoeynua, 37th Floor, Soi Sukhumvit 19, 75/102, Ocean Tower II, Wattana, Bangkok, THA, 10110

Website

https://www.indoramaventures.com

Indorama Ventures PCL is engaged in the manufacture and distribution of Polyethylene Terephthalate, Purified Terephthalic Acid, Paraxylene, recycling, Purified Isophthalic Acid, Naphthalene Dicarboxylate, PET preforms and packaging, Integrated EG, Integrated purified EO, PO/MTBE, Integrated Surfactants comprising EOA, LAB and others, Fibers including Polyester, Rayon, Nylon, Polypropylene, composites and worsted wool fibers products. The company operates in three reportable segments Combined PET, Integrated Oxides and Derivatives, and Fibers. The maximum revenue is derived from the Combined PET segment.

Indorama Ventures PCL (BKK:IVL) Headlines

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