Mida Assets PCL (BKK:MIDA-R) Inventory Turnover : 1.45 (As of Mar. 2025)

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What is Mida Assets 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. Mida Assets PCL's Cost of Goods Sold for the three months ended in Mar. 2025 was ฿260 Mil. Mida Assets PCL's Average Total Inventories for the quarter that ended in Mar. 2025 was ฿179 Mil. Mida Assets PCL's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mida Assets PCL's Days Inventory for the three months ended in Mar. 2025 was 62.89.

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. Mida Assets PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.35.

Mida Assets PCL Inventory Turnover Historical Data

The historical data trend for Mida Assets 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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Mida Assets PCL Inventory Turnover Chart

Mida Assets PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.82

5.84

6.13

7.72

6.30

Mida Assets PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.43	1.34	1.73	1.82	1.45

Mida Assets PCL Inventory Turnover Calculation

Mida Assets 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 )
=	1141.145	/ (	(188.194	+	173.89)	/	2 )
=	1141.145	/	181.042
=	6.30

Mida Assets PCL's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	259.706	/ (	(173.89	+	184.074)	/	2 )
=	259.706	/	178.982
=	1.45

Mida Assets PCL (BKK:MIDA-R) 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.

Mida Assets PCL's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	178.982	/	259.706	*	365 / 4
	=	62.89

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.

Mida Assets PCL's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	178.982	/	516.812
	=	0.35

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.

Mida Assets PCL Inventory Turnover Related Terms

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Mida Assets PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Assets PCL (BKK:MIDA-R) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MIDA:Thailand

Address

267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700

Website

http://www.midaassets.com

Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandise and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include the Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relations, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

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