Miss Grand International PCL (BKK:MGI) Inventory Turnover : 7.14 (As of Mar. 2024)

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What is Miss Grand International 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. Miss Grand International PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿83.4 Mil. Miss Grand International PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿11.7 Mil. Miss Grand International PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miss Grand International PCL's Days Inventory for the three months ended in Mar. 2024 was 12.78.

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. Miss Grand International PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Miss Grand International PCL Inventory Turnover Historical Data

The historical data trend for Miss Grand International 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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Miss Grand International PCL Inventory Turnover Chart

Miss Grand International PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.90

7.44

20.02

14.53

24.59

Miss Grand International PCL Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					3.40	9.38	6.55	8.44	7.14

Miss Grand International PCL Inventory Turnover Calculation

Miss Grand International 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 )
=	339.315	/ (	(15.122	+	12.479)	/	2 )
=	339.315	/	13.8005
=	24.59

Miss Grand International 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 )
=	83.428	/ (	(12.479	+	10.883)	/	2 )
=	83.428	/	11.681
=	7.14

Miss Grand International PCL (BKK:MGI) 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.

Miss Grand International 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
	=	11.681	/	83.428	*	365 / 4
	=	12.78

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.

Miss Grand International 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 )
	=	11.681	/	150.549
	=	0.08

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.

Miss Grand International PCL Inventory Turnover Related Terms

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Miss Grand International PCL (BKK:MGI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Miss Grand International PCL (BKK:MGI) » Definitions » Inventory Turnover

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Address

1213/414 Soi Ladprao 94 (Panjamit), Ladprao Road, Phlapphla Subdistrict, Wang Thonglang District, Bangkok, THA, 10310

Website

https://www.missgrandthailand.com

Miss Grand International PCL operates a commerce business that provides the selling of products and services through experiential activities such as Beauty and Entertainment, which are Beauty Pageant Platforms named Miss Grand Thailand Pageant (National Pageant Platform) and Miss Grand International Pageant (International Pageant Platform)including other media contents and entertainment activities. The company sells the products in several distribution channels, both retail and wholesale, The MGI, and other partner products. The company earns revenue from selling beauty pageants, entertainment businesses, consumer products, consumption products, and other products and services. The company earns the majority of its revenue from the entertainment business.