Ocean Glass PCL (BKK:OGC-F) Inventory Turnover : 0.21 (As of Mar. 2025)

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What is Ocean Glass 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. Ocean Glass PCL's Cost of Goods Sold for the three months ended in Mar. 2025 was ฿259 Mil. Ocean Glass PCL's Average Total Inventories for the quarter that ended in Mar. 2025 was ฿1,242 Mil. Ocean Glass PCL's Inventory Turnover for the quarter that ended in Mar. 2025 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ocean Glass PCL's Days Inventory for the three months ended in Mar. 2025 was 436.90.

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. Ocean Glass PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 3.09.

Ocean Glass PCL Inventory Turnover Historical Data

The historical data trend for Ocean Glass 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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Ocean Glass PCL Inventory Turnover Chart

Ocean Glass PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.74

1.17

1.52

1.24

1.01

Ocean Glass 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															0.21	0.23	0.30	0.29	0.21

Ocean Glass PCL Inventory Turnover Calculation

Ocean Glass 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 )
=	1207.596	/ (	(1165.505	+	1230.134)	/	2 )
=	1207.596	/	1197.8195
=	1.01

Ocean Glass 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 )
=	259.412	/ (	(1230.134	+	1253.957)	/	2 )
=	259.412	/	1242.0455
=	0.21

Ocean Glass PCL (BKK:OGC-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.

Ocean Glass 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
	=	1242.0455	/	259.412	*	365 / 4
	=	436.90

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.

Ocean Glass 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 )
	=	1242.0455	/	402.594
	=	3.09

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.

Ocean Glass PCL Inventory Turnover Related Terms

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Ocean Glass PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ocean Glass PCL (BKK:OGC-F) » Definitions » Inventory Turnover

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Traded in Other Exchanges

OGC:Thailand

Address

Sukhumvit 19 Road, 75/3 and 75/88-90 Ocean Tower II, 12th and 34th floor, North Klongtoey, Wattana, Bangkok, THA, 10110

Website

https://www.oceanglass.com

Ocean Glass PCL is a Thailand-based company that manufactures and sells table glassware. The company manufactures glassware for families, food service operators, companies, and brands who want to personalize their own glassware as gifts or souvenirs. Its offering includes all kinds of glasses such as drinking glasses, wine glasses, beer glasses, juice glasses and dining glass sets. It sells its products under the brands Ocean and Lucaris. Its market coverage includes Thailand and Overseas markets, with the majority of the revenue generated from overseas sales.

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