Union Pioneer PCL (BKK:UPF) Inventory Turnover : 1.03 (As of Mar. 2024)

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What is Union Pioneer 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. Union Pioneer PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿118.6 Mil. Union Pioneer PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿115.3 Mil. Union Pioneer PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Union Pioneer PCL's Days Inventory for the three months ended in Mar. 2024 was 88.72.

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. Union Pioneer PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Union Pioneer PCL Inventory Turnover Historical Data

The historical data trend for Union Pioneer 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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Union Pioneer PCL Inventory Turnover Chart

Union Pioneer PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.22

3.44

2.90

3.42

3.66

Union Pioneer PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.87	0.92	0.90	1.06	1.03

Union Pioneer PCL Inventory Turnover Calculation

Union Pioneer 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 )
=	476.984	/ (	(153.499	+	106.82)	/	2 )
=	476.984	/	130.1595
=	3.66

Union Pioneer PCL's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	118.608	/ (	(106.82	+	123.828)	/	2 )
=	118.608	/	115.324
=	1.03

Union Pioneer PCL (BKK:UPF) 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.

Union Pioneer PCL's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	115.324	/	118.608	*	365 / 4
	=	88.72

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.

Union Pioneer PCL's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	115.324	/	139.381
	=	0.83

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.

Union Pioneer PCL Inventory Turnover Related Terms

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Union Pioneer PCL (BKK:UPF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Union Pioneer PCL (BKK:UPF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.1 Soi Serithai 62, Kweang Minburi, Khet Minburi, Bangkok, THA, 10510

Website

https://www.unionpioneer.co.th

Union Pioneer PCL is principally engaged in the manufacture and distribution of finished elastic products. It offers products such as Rubber thread and tape, Elastic braid, Elastic webbing and crochet, and Covering yarn, among other products. The products are offered under the Venus brand name. The majority of the company's products are the raw materials for other products, such as the baby-adult diaper industry, garment industry or other usage depending on the nature of business of the customers. Geographically, it has a business presence in Thailand, the United States, and other countries.

Union Pioneer PCL (BKK:UPF) Headlines

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