Thai Nondestructive Testing PCL (BKK:TNDT) Inventory Turnover : 2.62 (As of Dec. 2024)

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What is Thai Nondestructive Testing 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. Thai Nondestructive Testing PCL's Cost of Goods Sold for the three months ended in Dec. 2024 was ฿60.6 Mil. Thai Nondestructive Testing PCL's Average Total Inventories for the quarter that ended in Dec. 2024 was ฿23.1 Mil. Thai Nondestructive Testing PCL's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Nondestructive Testing PCL's Days Inventory for the three months ended in Dec. 2024 was 34.79.

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. Thai Nondestructive Testing PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.30.

Thai Nondestructive Testing PCL Inventory Turnover Historical Data

The historical data trend for Thai Nondestructive Testing 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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Thai Nondestructive Testing PCL Inventory Turnover Chart

Thai Nondestructive Testing PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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38.17

35.30

30.96

29.15

14.48

Thai Nondestructive Testing PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															6.75	5.38	5.50	2.61	2.62

Thai Nondestructive Testing PCL Inventory Turnover Calculation

Thai Nondestructive Testing PCL's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	191.526	/ (	(7.906	+	18.542)	/	2 )
=	191.526	/	13.224
=	14.48

Thai Nondestructive Testing PCL's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	60.643	/ (	(27.701	+	18.542)	/	2 )
=	60.643	/	23.1215
=	2.62

Thai Nondestructive Testing PCL (BKK:TNDT) 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.

Thai Nondestructive Testing PCL's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	23.1215	/	60.643	*	365 / 4
	=	34.79

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.

Thai Nondestructive Testing PCL's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	23.1215	/	75.888
	=	0.30

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.

Thai Nondestructive Testing PCL Inventory Turnover Related Terms

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Thai Nondestructive Testing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thai Nondestructive Testing PCL (BKK:TNDT) » Definitions » Inventory Turnover

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TNDT-R:Thailand

Address

Ramkhamhaeng Road, 19 Soi Ramkhamhaeng 60 Intersection 8 (Suanson 8, Huamark, Bangkapi, Bangkok, THA, 10240

Website

https://www.tndt.co.th

Thai Nondestructive Testing PCL engages in providing technical services and operates engineering inspection and testing through non-destructive techniques. It operates in the segments of nondestructive testing services; inspection services for pressure vessel; Electron Beam; Solar PV Rooftop; Contractor service relating to solar PV rooftop system and Revenue from selling. Its Non-Destructive Testing Services segment which earns majority revenue provides conventional testing services, which are applied to pressure vessels, heat exchangers, boilers, piping and structures in the fields of oil refineries, power plants, petrochemical plants, ship buildings, offshore, bridges and building constructions, and other heavy industries.

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