Binh Minh Plastics JSC (STC:BMP) Inventory Turnover : 1.59 (As of Mar. 2024)

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What is Binh Minh Plastics JSC 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. Binh Minh Plastics JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫577,796 Mil. Binh Minh Plastics JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫363,954 Mil. Binh Minh Plastics JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Binh Minh Plastics JSC's Days Inventory for the three months ended in Mar. 2024 was 57.48.

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. Binh Minh Plastics JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.36.

Binh Minh Plastics JSC Inventory Turnover Historical Data

The historical data trend for Binh Minh Plastics JSC'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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Binh Minh Plastics JSC Inventory Turnover Chart

Binh Minh Plastics JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.56

8.09

7.58

7.03

6.46

Binh Minh Plastics JSC 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															1.87	1.86	1.10	1.97	1.59

Binh Minh Plastics JSC Inventory Turnover Calculation

Binh Minh Plastics JSC'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 )
=	3040564.4	/ (	(576848.24	+	364225.974)	/	2 )
=	3040564.4	/	470537.107
=	6.46

Binh Minh Plastics JSC'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 )
=	577795.682	/ (	(364225.974	+	363681.201)	/	2 )
=	577795.682	/	363953.5875
=	1.59

Binh Minh Plastics JSC (STC:BMP) 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.

Binh Minh Plastics JSC'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
	=	363953.5875	/	577795.682	*	365 / 4
	=	57.48

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.

Binh Minh Plastics JSC'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 )
	=	363953.5875	/	1002851.022
	=	0.36

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.

Binh Minh Plastics JSC Inventory Turnover Related Terms

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Binh Minh Plastics JSC (STC:BMP) Business Description

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Address

240 Hau Giang Street, Ward 9, District 6, Ho Chi Minh City, VNM

Website

http://www.binhminhplastic.com.vn

Binh Minh Plastics JSC is engaged in the manufacture and trade of civil and industrial products made of plastic and rubber. Its products include uPVC pipes and fittings, HPPE pipes, Rubber seal products, Aerosol & workwear caps, Glue products uPVC and others. It also manufactures and trades moulds for the plastic and casting industries. In addition, it is involved in the consultancy and execution of water drainage, yards, and warehouses; transportation of goods by road; and provision of laboratory equipment and advertising services. The business of the group is functioned through Vietnam.

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