Millennium Group (ASIA) PCL (BKK:MGC) Inventory Turnover : 1.70 (As of Dec. 2024)

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What is Millennium Group (ASIA) 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. Millennium Group (ASIA) PCL's Cost of Goods Sold for the three months ended in Dec. 2024 was ฿5,483 Mil. Millennium Group (ASIA) PCL's Average Total Inventories for the quarter that ended in Dec. 2024 was ฿3,217 Mil. Millennium Group (ASIA) PCL's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Millennium Group (ASIA) PCL's Days Inventory for the three months ended in Dec. 2024 was 53.53.

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. Millennium Group (ASIA) PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.54.

Millennium Group (ASIA) PCL Inventory Turnover Historical Data

The historical data trend for Millennium Group (ASIA) 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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Millennium Group (ASIA) PCL Inventory Turnover Chart

Millennium Group (ASIA) PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.22

7.00

8.99

7.75

5.56

Millennium Group (ASIA) PCL Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial										2.15	1.94	1.42	1.22	1.70

Millennium Group (ASIA) PCL Inventory Turnover Calculation

Millennium Group (ASIA) PCL's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	18278.283	/ (	(3398.723	+	3181.211)	/	2 )
=	18278.283	/	3289.967
=	5.56

Millennium Group (ASIA) PCL's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	5483.202	/ (	(3252.209	+	3181.211)	/	2 )
=	5483.202	/	3216.71
=	1.70

Millennium Group (ASIA) PCL (BKK:MGC) 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.

Millennium Group (ASIA) PCL's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	3216.71	/	5483.202	*	365 / 4
	=	53.53

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.

Millennium Group (ASIA) PCL's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	3216.71	/	5941.916
	=	0.54

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.

Millennium Group (ASIA) PCL Inventory Turnover Related Terms

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Millennium Group (ASIA) PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Millennium Group Corp (ASIA) PCL (BKK:MGC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2222/9 Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310

Website

https://www.mgc-asia.com

Millennium Group Corp (ASIA) PCL is a holding company that operates a full range of businesses in the automotive industry. The group operates in four business segments; the Automotive sales business segment, the After-sales service business group and independent car maintenance services segment, The Car and driver rental business segment, and Others. The majority of revenue is derived from the Automotive sales business segment.