Premier Marketing PCL (BKK:PM) Inventory Turnover : 1.67 (As of Mar. 2024)

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What is Premier Marketing 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. Premier Marketing PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿703 Mil. Premier Marketing PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿422 Mil. Premier Marketing PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Premier Marketing PCL's Days Inventory for the three months ended in Mar. 2024 was 54.75.

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. Premier Marketing PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Premier Marketing PCL Inventory Turnover Historical Data

The historical data trend for Premier Marketing 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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Premier Marketing PCL Inventory Turnover Chart

Premier Marketing PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.42

6.10

5.71

6.92

6.82

Premier Marketing PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.66	1.46	1.46	1.93	1.67

Premier Marketing PCL Inventory Turnover Calculation

Premier Marketing 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 )
=	2892.009	/ (	(476.915	+	371.51)	/	2 )
=	2892.009	/	424.2125
=	6.82

Premier Marketing 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 )
=	703.019	/ (	(371.51	+	472.091)	/	2 )
=	703.019	/	421.8005
=	1.67

Premier Marketing PCL (BKK:PM) 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.

Premier Marketing 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
	=	421.8005	/	703.019	*	365 / 4
	=	54.75

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.

Premier Marketing 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 )
	=	421.8005	/	1072.187
	=	0.39

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.

Premier Marketing PCL Inventory Turnover Related Terms

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Premier Marketing PCL (BKK:PM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Premier Marketing PCL (BKK:PM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Premier 2, Srinakarin Road, 1 Premier Corporate Park, Kwaeng Nongbon, Khet Prawet, Bangkok, THA, 10250

Website

https://www.premier-marketing.co.th

Premier Marketing PCL is engaged in the distribution of consumer products. The company operates through three segments which include Distribution of consumer products, Manufacture of food, and Cold storage warehouse and services. It generates maximum revenue from the Distribution of consumer products segment. Its products consist of varieties of snacks, food and beverages, confectioneries, nutritional food and pastilles, pharmaceuticals and dietary supplements, personal care, and household products. Geographically, it derives a majority of revenue from Thailand.