Vietnam Electric Cable (STC:CAV) Inventory Turnover : 1.12 (As of Mar. 2024)

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What is Vietnam Electric Cable 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. Vietnam Electric Cable's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫2,239,763 Mil. Vietnam Electric Cable's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫2,005,791 Mil. Vietnam Electric Cable's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vietnam Electric Cable's Days Inventory for the three months ended in Mar. 2024 was 81.72.

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. Vietnam Electric Cable's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Vietnam Electric Cable Inventory Turnover Historical Data

The historical data trend for Vietnam Electric Cable'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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Vietnam Electric Cable Inventory Turnover Chart

Vietnam Electric Cable Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.42

6.51

3.36

3.16

4.12

Vietnam Electric Cable 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															0.77	1.10	1.12	1.49	1.12

Vietnam Electric Cable Inventory Turnover Calculation

Vietnam Electric Cable'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 )
=	8980119.406	/ (	(2430817.423	+	1929519.562)	/	2 )
=	8980119.406	/	2180168.4925
=	4.12

Vietnam Electric Cable'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 )
=	2239762.823	/ (	(1929519.562	+	2082062.73)	/	2 )
=	2239762.823	/	2005791.146
=	1.12

Vietnam Electric Cable (STC:CAV) 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.

Vietnam Electric Cable'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
	=	2005791.146	/	2239762.823	*	365 / 4
	=	81.72

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.

Vietnam Electric Cable'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 )
	=	2005791.146	/	2463137.153
	=	0.81

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.

Vietnam Electric Cable Inventory Turnover Related Terms

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Vietnam Electric Cable (STC:CAV) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vietnam Electric Cable Corp (STC:CAV) » Definitions » Inventory Turnover

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Address

70-72 Nam Ky Khoi Nghia Street, District 1, Ho Chi Minh City, VNM

Website

http://www.cadivi-vn.com

Vietnam Electric Cable Corp is a Vietnam based company engaged in the manufacturing of electric wires and cables. The company's products include building wires, low voltage power cables, medium voltage cables, control cables, bare conductors, service entrance cables, multiplex cables, coaxial cables, automotive cables, hybrid cables and others.

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