Thai Vegetable Oil PCL (BKK:TVO) Inventory Turnover : 1.10 (As of Dec. 2024)

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What is Thai Vegetable Oil 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 Vegetable Oil PCL's Cost of Goods Sold for the three months ended in Dec. 2024 was ฿6,759 Mil. Thai Vegetable Oil PCL's Average Total Inventories for the quarter that ended in Dec. 2024 was ฿6,169 Mil. Thai Vegetable Oil PCL's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Vegetable Oil PCL's Days Inventory for the three months ended in Dec. 2024 was 83.29.

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 Vegetable Oil PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.78.

Thai Vegetable Oil PCL Inventory Turnover Historical Data

The historical data trend for Thai Vegetable Oil 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 Vegetable Oil PCL Inventory Turnover Chart

Thai Vegetable Oil PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.28

4.06

3.76

3.49

4.58

Thai Vegetable Oil 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															1.15	1.01	0.84	0.94	1.10

Thai Vegetable Oil PCL Inventory Turnover Calculation

Thai Vegetable Oil 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 )
=	27323.06	/ (	(6625.522	+	5310.175)	/	2 )
=	27323.06	/	5967.8485
=	4.58

Thai Vegetable Oil 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 )
=	6758.933	/ (	(7028.014	+	5310.175)	/	2 )
=	6758.933	/	6169.0945
=	1.10

Thai Vegetable Oil PCL (BKK:TVO) 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 Vegetable Oil 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
	=	6169.0945	/	6758.933	*	365 / 4
	=	83.29

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 Vegetable Oil 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 )
	=	6169.0945	/	7920.768
	=	0.78

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 Vegetable Oil PCL Inventory Turnover Related Terms

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Thai Vegetable Oil PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Vegetable Oil PCL (BKK:TVO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TVO-R:Thailand TVTB:Germany

Address

149 Ratchadapisek Road (Thapra-Taksin), Bukkhalo Sub-District, Thonburi District, Bangkok, THA, 10600

Website

https://www.tvothai.com

Thai Vegetable Oil PCL is engaged in the manufacture and distribution of soy meal and soybean oil. The company has three reportable segments namely, the manufacture and distribution of products from the soybean segment, which derives key revenue and is engaged in the manufacturing and distribution of soy meal and soybean oil; the manufacture and distribution of packaging products, and the Other segment, which is the distribution of consumer products. The company operates in Thailand only.

Thai Vegetable Oil PCL Headlines

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