Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) Inventory Turnover : 45.28 (As of Mar. 2024)

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What is Petro Viet Nam Low Pressure GAS Distribution 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. Petro Viet Nam Low Pressure GAS Distribution JSC's Cost of Goods Sold for the three months ended in Mar. 2024 was ₫2,125,279 Mil. Petro Viet Nam Low Pressure GAS Distribution JSC's Average Total Inventories for the quarter that ended in Mar. 2024 was ₫46,934 Mil. Petro Viet Nam Low Pressure GAS Distribution JSC's Inventory Turnover for the quarter that ended in Mar. 2024 was 45.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Petro Viet Nam Low Pressure GAS Distribution JSC's Days Inventory for the three months ended in Mar. 2024 was 2.02.

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. Petro Viet Nam Low Pressure GAS Distribution JSC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Petro Viet Nam Low Pressure GAS Distribution JSC Inventory Turnover Historical Data

The historical data trend for Petro Viet Nam Low Pressure GAS Distribution 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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Petro Viet Nam Low Pressure GAS Distribution JSC Inventory Turnover Chart

Petro Viet Nam Low Pressure GAS Distribution JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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115.91

106.35

159.68

249.76

203.89

Petro Viet Nam Low Pressure GAS Distribution 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															47.56	59.44	54.55	51.16	45.28

Petro Viet Nam Low Pressure GAS Distribution JSC Inventory Turnover Calculation

Petro Viet Nam Low Pressure GAS Distribution 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 )
=	9125277.917	/ (	(42798.848	+	46714.496)	/	2 )
=	9125277.917	/	44756.672
=	203.89

Petro Viet Nam Low Pressure GAS Distribution 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 )
=	2125279.434	/ (	(46714.496	+	47154.501)	/	2 )
=	2125279.434	/	46934.4985
=	45.28

Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) 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.

Petro Viet Nam Low Pressure GAS Distribution 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
	=	46934.4985	/	2125279.434	*	365 / 4
	=	2.02

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.

Petro Viet Nam Low Pressure GAS Distribution 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 )
	=	46934.4985	/	2292345.803
	=	0.02

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.

Petro Viet Nam Low Pressure GAS Distribution JSC Inventory Turnover Related Terms

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Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Petro Viet Nam Low Pressure GAS Distribution JSC (STC:PGD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.673 Nguyen Huu Tho Street, Floor 7, PV Gas Tower Building, Phuoc Kien Commune, Nha Be District, Ho Chi Minh, VNM

Website

http://www.pvgasd.com.vn

Petro Viet Nam Low Pressure GAS Distribution JSC is a Vietnam-based company engaged in the distribution of low-pressure gas to industrial households. Additionally, it also trades other industrial gases, petroleum, and other oil-based products. The company's project consists of two parts namely low-pressure gas distribution pipeline and compressed natural gas processing and distribution system.

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