Siam Technic Concrete PCL (BKK:STECH) Inventory Turnover : 0.85 (As of Sep. 2024)

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What is Siam Technic Concrete 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. Siam Technic Concrete PCL's Cost of Goods Sold for the three months ended in Sep. 2024 was ฿437 Mil. Siam Technic Concrete PCL's Average Total Inventories for the quarter that ended in Sep. 2024 was ฿515 Mil. Siam Technic Concrete PCL's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Siam Technic Concrete PCL's Days Inventory for the three months ended in Sep. 2024 was 107.58.

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. Siam Technic Concrete PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.94.

Siam Technic Concrete PCL Inventory Turnover Historical Data

The historical data trend for Siam Technic Concrete 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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Siam Technic Concrete PCL Inventory Turnover Chart

Siam Technic Concrete PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.06

5.23

4.35

5.18

4.20

Siam Technic Concrete PCL Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial														0.95	1.02	1.04	0.84	0.85

Siam Technic Concrete PCL Inventory Turnover Calculation

Siam Technic Concrete 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 )
=	1611.616	/ (	(351.908	+	415.082)	/	2 )
=	1611.616	/	383.495
=	4.20

Siam Technic Concrete 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 )
=	436.757	/ (	(528.901	+	500.977)	/	2 )
=	436.757	/	514.939
=	0.85

Siam Technic Concrete PCL (BKK:STECH) 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.

Siam Technic Concrete 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
	=	514.939	/	436.757	*	365 / 4
	=	107.58

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.

Siam Technic Concrete 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 )
	=	514.939	/	547.873
	=	0.94

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.

Siam Technic Concrete PCL Inventory Turnover Related Terms

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Siam Technic Concrete PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Siam Technic Concrete PCL (BKK:STECH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

STECH-R:Thailand

Address

Ngamwongwan Road, No. 50 Soi Ngam Wong Wan 47, Intersection 20, Thungsonghong Sub-district, Laksi District, Bangkok, THA, 10210

Website

https://www.stec.co.th

Siam Technic Concrete PCL is engaged in the production and distribution of pre-stressed concrete products under the trademark STEC, such as pre-stressed concrete piles, and contractor services. The firm has two reportable segments namely Segment 1 Sale of goods and services and Segment 2 Construction. The company generates the majority of its revenue from the Sale of goods and service segments.

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