KT Medical Service PCL (BKK:KTMS) Inventory Turnover : 3.21 (As of Sep. 2023)

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What is KT Medical Service 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. KT Medical Service PCL's Cost of Goods Sold for the three months ended in Sep. 2023 was ฿96.4 Mil. KT Medical Service PCL's Average Total Inventories for the quarter that ended in Sep. 2023 was ฿30.0 Mil. KT Medical Service PCL's Inventory Turnover for the quarter that ended in Sep. 2023 was 3.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KT Medical Service PCL's Days Inventory for the three months ended in Sep. 2023 was 28.44.

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. KT Medical Service PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.26.

KT Medical Service PCL Inventory Turnover Historical Data

The historical data trend for KT Medical Service 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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KT Medical Service PCL Inventory Turnover Chart

KT Medical Service PCL Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

6.98

9.71

11.16

KT Medical Service PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial					2.61	2.81	2.74	2.92	3.21

KT Medical Service PCL Inventory Turnover Calculation

KT Medical Service PCL's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	305.791	/ (	(25.842	+	28.975)	/	2 )
=	305.791	/	27.4085
=	11.16

KT Medical Service PCL's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	96.402	/ (	(30.573	+	29.519)	/	2 )
=	96.402	/	30.046
=	3.21

KT Medical Service PCL (BKK:KTMS) 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.

KT Medical Service PCL's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	30.046	/	96.402	*	365 / 4
	=	28.44

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.

KT Medical Service PCL's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	30.046	/	117.415
	=	0.26

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.

KT Medical Service PCL Inventory Turnover Related Terms

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KT Medical Service PCL (BKK:KTMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » KT Medical Service PCL (BKK:KTMS) » Definitions » Inventory Turnover

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Address

95 Soi Ram Intra 117 Ram Intra Road, Khwaeng Minburi, Khet Minburi, Bangkok, THA, 10510

Website

https://www.ktms.co.th

KT Medical Service PCL is engaged in hemodialysis center, design, assembly and installation of pure water treatment system and service preventive maintenance of pure water treatment system for commercial and residential sector, industrial and original equipment manufacturing of water system sector and medical service sector. It has three segments which are Service of hemodialysis, Service of design and installation of pure water treatment system and service preventive maintenance of pure water treatment system for medical service and Services of design and installation of pneumatic tube system of equipment for medical service. The Group operates in Thailand.

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