Syntec Construction PCL (BKK:SYNTEC) Inventory Turnover : 8.53 (As of Mar. 2024)

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What is Syntec Construction 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. Syntec Construction PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,442 Mil. Syntec Construction PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿169 Mil. Syntec Construction PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Syntec Construction PCL's Days Inventory for the three months ended in Mar. 2024 was 10.70.

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. Syntec Construction PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Syntec Construction PCL Inventory Turnover Historical Data

The historical data trend for Syntec Construction 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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Syntec Construction PCL Inventory Turnover Chart

Syntec Construction PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.43

61.83

41.91

43.98

55.51

Syntec Construction 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															12.04	10.06	12.43	14.44	8.53

Syntec Construction PCL Inventory Turnover Calculation

Syntec Construction 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 )
=	6828.638	/ (	(107.336	+	138.678)	/	2 )
=	6828.638	/	123.007
=	55.51

Syntec Construction 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 )
=	1441.54	/ (	(138.678	+	199.28)	/	2 )
=	1441.54	/	168.979
=	8.53

Syntec Construction PCL (BKK:SYNTEC) 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.

Syntec Construction 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
	=	168.979	/	1441.54	*	365 / 4
	=	10.70

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.

Syntec Construction 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 )
	=	168.979	/	1575.873
	=	0.11

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.

Syntec Construction PCL Inventory Turnover Related Terms

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Syntec Construction PCL (BKK:SYNTEC) Business Description

Industry

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Address

555/7-11 Sukhumvit Soi 63 (Ekamai), Sukhumvit Road, Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.synteccon.com

Syntec Construction PCL is a Thailand based company, that engages in construction contracts and civil engineering works. It is engaged in the provision of construction and real estate services to government and private bureaus. It operates through the following businesses: Construction Business; Real estate development for Room Service or Service Apartment and Rental Business, and Operate the Management Business for Hotel, Service Apartment, and Other Properties. Its construction projects include infrastructure, institutional projects, residential buildings, commercial buildings, hotels, resorts, shopping malls and industrial construction.

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