Minor International PCL (BKK:MINT-F) Inventory Turnover : 3.89 (As of Dec. 2023)

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What is Minor 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. Minor International PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿22,097 Mil. Minor International PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿5,683 Mil. Minor International PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Minor International PCL's Days Inventory for the three months ended in Dec. 2023 was 23.47.

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. Minor International PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Minor International PCL Inventory Turnover Historical Data

The historical data trend for Minor 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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Minor International PCL Inventory Turnover Chart

Minor International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.68

8.43

8.40

11.99

14.21

Minor International PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.21	3.16	3.66	3.62	3.89

Minor International PCL Inventory Turnover Calculation

Minor 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 )
=	82727.966	/ (	(6005.534	+	5638.646)	/	2 )
=	82727.966	/	5822.09
=	14.21

Minor International PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	22097.08	/ (	(5726.836	+	5638.646)	/	2 )
=	22097.08	/	5682.741
=	3.89

Minor International PCL (BKK:MINT-F) 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.

Minor International PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	5682.741	/	22097.08	*	365 / 4
	=	23.47

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.

Minor International PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	5682.741	/	38807.327
	=	0.15

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.

Minor International PCL Inventory Turnover Related Terms

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Minor International PCL (BKK:MINT-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Minor International PCL (BKK:MINT-F) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MINT:Thailand 8MI:Germany

Address

Ratchadaphisek Road, 12th Floor, 88 The Parq Building, Klongtoey Subdistrict, Klongtoey District, Bangkok, THA, 10110

Website

https://www.minor.com

Minor International PCL operates hotels, restaurants, and several smaller businesses. The company operates in four segments: Hotel, with properties in Europe, Thailand, and Latin America; Restaurant, with locations primarily in Thailand, China, and Australia; Retail, which offers a wide range of high-end clothing and consumer products through stores and e-commerce in Thailand; and Mixed-Use. Most of its revenue comes from European hotels. A sizable portion of sales also comes from the restaurant segment in Thailand.

Minor International PCL (BKK:MINT-F) Headlines

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