Thai Rubber Latex Group PCL (BKK:TRUBB) Inventory Turnover : 1.70 (As of Sep. 2024)

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What is Thai Rubber Latex Group 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 Rubber Latex Group PCL's Cost of Goods Sold for the three months ended in Sep. 2024 was ฿1,941 Mil. Thai Rubber Latex Group PCL's Average Total Inventories for the quarter that ended in Sep. 2024 was ฿1,140 Mil. Thai Rubber Latex Group PCL's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Rubber Latex Group PCL's Days Inventory for the three months ended in Sep. 2024 was 53.59.

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 Rubber Latex Group PCL's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.57.

Thai Rubber Latex Group PCL Inventory Turnover Historical Data

The historical data trend for Thai Rubber Latex Group 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 Rubber Latex Group PCL Inventory Turnover Chart

Thai Rubber Latex Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.37

5.76

6.90

7.64

6.13

Thai Rubber Latex Group PCL Quarterly Data
	Dec19	Mar20	Jun20	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															1.92	1.73	1.51	1.44	1.70

Thai Rubber Latex Group PCL Inventory Turnover Calculation

Thai Rubber Latex Group 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 )
=	6373.625	/ (	(951.468	+	1128.133)	/	2 )
=	6373.625	/	1039.8005
=	6.13

Thai Rubber Latex Group 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 )
=	1941.32	/ (	(1046.519	+	1233.919)	/	2 )
=	1941.32	/	1140.219
=	1.70

Thai Rubber Latex Group PCL (BKK:TRUBB) 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 Rubber Latex Group 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
	=	1140.219	/	1941.32	*	365 / 4
	=	53.59

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 Rubber Latex Group 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 )
	=	1140.219	/	1994.302
	=	0.57

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 Rubber Latex Group PCL Inventory Turnover Related Terms

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Thai Rubber Latex Group PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Rubber Latex Group PCL (BKK:TRUBB) » Definitions » Inventory Turnover

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TRUBB-R:Thailand

Address

Number 99/1-3 Moo 13, Bangna-Trad Road, K.M. 7, Tambol Bangkaew, Amphur Bangplee, Samutprakarn, THA, 10540

Website

https://www.thaitex.com

Thai Rubber Latex Group PCL is engaged in the comprehensive rubber businesses covering the whole value chain of rubber and latex products, which are the rubber plantation in Thailand, the producer of latex concentrate and latex rubber, latex rubber thread, latex foam mattress and rubber gloves. The company operates in Concentrated and pre-vulcanized latex; Latex products; and Plantation segments. It has a geographic presence in Thailand, the PRC, the Republic of Korea and other countries of which key revenue is derived from Thailand.

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