NL Development PCL (BKK:NL) Inventory Turnover : 2.63 (As of Sep. 2024)

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What is NL Development 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. NL Development PCL's Cost of Goods Sold for the three months ended in Sep. 2024 was ฿280 Mil. NL Development PCL's Average Total Inventories for the quarter that ended in Sep. 2024 was ฿106 Mil. NL Development PCL's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NL Development PCL's Days Inventory for the three months ended in Sep. 2024 was 34.75.

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. NL Development PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.33.

NL Development PCL Inventory Turnover Historical Data

The historical data trend for NL Development 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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NL Development PCL Inventory Turnover Chart

NL Development PCL Annual Data

Trend

Dec21

Dec22

Inventory Turnover

13.25

11.94

NL Development PCL Quarterly Data
	Dec21	Mar22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial				7.10	-	3.37	3.14	2.63

NL Development PCL Inventory Turnover Calculation

NL Development 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 )
=	980.803	/ (	(86.871	+	77.469)	/	2 )
=	980.803	/	82.17
=	11.94

NL Development PCL's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	279.609	/ (	(96.622	+	116.366)	/	2 )
=	279.609	/	106.494
=	2.63

NL Development PCL (BKK:NL) 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.

NL Development PCL's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	106.494	/	279.609	*	365 / 4
	=	34.75

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.

NL Development PCL's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	106.494	/	318.948
	=	0.33

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.

NL Development PCL Inventory Turnover Related Terms

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NL Development PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » NL Development PCL (BKK:NL) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

417 Rajvite Road, Bang Phlat Subdistrict, Bang Phlat District, Bangkok, THA, 10700

Website

https://www.nldplc.com

NL Development PCL provides surveying, design and construction services for all types of buildings. Including the installation of various engineering systems. and public utility construction work.