Thai Wah Starch (BKK:TWS) Inventory Turnover : 3.91 (As of Jun. 2015)

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What is Thai Wah Starch 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 Wah Starch's Cost of Goods Sold for the three months ended in Jun. 2015 was ฿1,761 Mil. Thai Wah Starch's Average Total Inventories for the quarter that ended in Jun. 2015 was ฿451 Mil. Thai Wah Starch's Inventory Turnover for the quarter that ended in Jun. 2015 was 3.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Wah Starch's Days Inventory for the three months ended in Jun. 2015 was 23.35.

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 Wah Starch's Inventory-to-Revenue for the quarter that ended in Jun. 2015 was 0.21.

Thai Wah Starch Inventory Turnover Historical Data

The historical data trend for Thai Wah Starch'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 Wah Starch Inventory Turnover Chart

Thai Wah Starch Annual Data

Trend

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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10.30

8.82

9.44

7.75

8.38

Thai Wah Starch Quarterly Data
	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15
Inventory Turnover	Get a 7-Day Free Trial															3.28	2.33	2.42	1.88	3.91

Thai Wah Starch Inventory Turnover Calculation

Thai Wah Starch's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	3396.422	/ (	(419.545	+	391.452)	/	2 )
=	3396.422	/	405.4985
=	8.38

Thai Wah Starch's Inventory Turnover for the quarter that ended in Jun. 2015 is calculated as

	Inventory Turnover (Q: Jun. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2015 )	/ (	(Total Inventories (Q: Mar. 2015 )	+	Total Inventories (Q: Jun. 2015 ))	/	count )
=	1760.781	/ (	(541.897	+	359.169)	/	2 )
=	1760.781	/	450.533
=	3.91

Thai Wah Starch (BKK:TWS) 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 Wah Starch's Days Inventory for the three months ended in Jun. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2015 )	/	Cost of Goods Sold (Q: Jun. 2015 )	*	Days in Period
	=	450.533	/	1760.781	*	365 / 4
	=	23.35

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 Wah Starch's Inventory to Revenue for the quarter that ended in Jun. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2015 )	/	Revenue (Q: Jun. 2015 )
	=	450.533	/	2140.857
	=	0.21

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 Wah Starch Inventory Turnover Related Terms

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Thai Wah Starch (BKK:TWS) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Wah Starch PLC (BKK:TWS) » Definitions » Inventory Turnover

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Website

http://www.thaiwah.com

Thai Wah Starch PLC was incorporated and domiciled in Thailand on 26 February 2014. It is engaged in the manufacture and distribution of agricultural products such as tapioca starch and related products in Thailand and Vietnam. Its products include tapioca starch, alpha starch, rice and glutinous flour, glucose, candy, tapioca pearl, tapioca chips and pellets, and sorbitol, which are used for consumption and for the paper industry, weaving industry and food industry.

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