T S Flour Mill PCL (BKK:TMILL-R) Inventory Turnover : 0.47 (As of Dec. 2023)

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What is T S Flour Mill 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. T S Flour Mill PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿409 Mil. T S Flour Mill PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was ฿866 Mil. T S Flour Mill PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. T S Flour Mill PCL's Days Inventory for the three months ended in Dec. 2023 was 193.25.

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. T S Flour Mill PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.97.

T S Flour Mill PCL Inventory Turnover Historical Data

The historical data trend for T S Flour Mill 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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T S Flour Mill PCL Inventory Turnover Chart

T S Flour Mill PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.27

3.26

2.28

1.91

1.94

T S Flour Mill PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.49	0.48	0.51	0.47

T S Flour Mill PCL Inventory Turnover Calculation

T S Flour Mill 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 )
=	1664.269	/ (	(997.079	+	719.355)	/	2 )
=	1664.269	/	858.217
=	1.94

T S Flour Mill PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	408.926	/ (	(1012.729	+	719.355)	/	2 )
=	408.926	/	866.042
=	0.47

T S Flour Mill PCL (BKK:TMILL-R) 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.

T S Flour Mill PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	866.042	/	408.926	*	365 / 4
	=	193.25

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.

T S Flour Mill PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	866.042	/	439.711
	=	1.97

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.

T S Flour Mill PCL Inventory Turnover Related Terms

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T S Flour Mill PCL (BKK:TMILL-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » T S Flour Mill PCL (BKK:TMILL-R) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TMILL:Thailand

Address

Poochaosamingphrai Road, 90/9 Moo 1, Soi Siamsilo, Tambon Samrongklang, Ampher Phrapradaeng, Samutprakarn, THA, 10130

Website

https://www.tmill.co.th

T S Flour Mill PCL is a Thailand-based company engaged in the production and distribution of wheat flour. The company's product includes flour of different kinds such as Bread flour, Fresh noodle flour, Instant noodle flour, Biscuit flour, Cake flour, Steamed bun flour, Dough stick flour as well as all-purpose flour. The majority of the operation of the company is solely made in Thailand.

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