Sermsang Power PCL (BKK:SSP) Inventory Turnover : 15.23 (As of Mar. 2024)

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What is Sermsang Power 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. Sermsang Power PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿356 Mil. Sermsang Power PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿23 Mil. Sermsang Power PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sermsang Power PCL's Days Inventory for the three months ended in Mar. 2024 was 5.99.

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. Sermsang Power PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Sermsang Power PCL Inventory Turnover Historical Data

The historical data trend for Sermsang Power 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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Sermsang Power PCL Inventory Turnover Chart

Sermsang Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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59.47

135.31

174.34

99.97

70.24

Sermsang Power 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															14.73	13.28	12.76	15.04	15.23

Sermsang Power PCL Inventory Turnover Calculation

Sermsang Power 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 )
=	1345.554	/ (	(19.545	+	18.77)	/	2 )
=	1345.554	/	19.1575
=	70.24

Sermsang Power 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 )
=	356.392	/ (	(18.77	+	28.021)	/	2 )
=	356.392	/	23.3955
=	15.23

Sermsang Power PCL (BKK:SSP) 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.

Sermsang Power 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
	=	23.3955	/	356.392	*	365 / 4
	=	5.99

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.

Sermsang Power 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 )
	=	23.3955	/	823.075
	=	0.03

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.

Sermsang Power PCL Inventory Turnover Related Terms

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Sermsang Power PCL (BKK:SSP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sermsang Power Corporation PCL (BKK:SSP) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300

Website

https://www.sermsang.com

Sermsang Power Corporation PCL is engaged in investment, consultancy, and provision of services for energy businesses to related parties. The company's operating segments are production and distribution of electricity from solar plants, Electricity distribution and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from a biomass power plant, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.