Thai Airways International PCL (Thai Airways International PCL) Inventory Turnover : 5.77 (As of Mar. 2024)

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What is Thai Airways International 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. Thai Airways International PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was $862 Mil. Thai Airways International PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was $149 Mil. Thai Airways International PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Airways International PCL's Days Inventory for the three months ended in Mar. 2024 was 15.81.

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 Airways International PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Thai Airways International PCL Inventory Turnover Historical Data

The historical data trend for Thai Airways International 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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Thai Airways International PCL Inventory Turnover Chart

Thai Airways International PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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37.43

17.74

7.98

20.01

22.15

Thai Airways International 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															5.80	5.61	5.22	5.92	5.77

Thai Airways International PCL Inventory Turnover Calculation

Thai Airways International 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 )
=	3081.187	/ (	(127.961	+	150.191)	/	2 )
=	3081.187	/	139.076
=	22.15

Thai Airways International 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 )
=	862.49	/ (	(150.191	+	148.669)	/	2 )
=	862.49	/	149.43
=	5.77

Thai Airways International PCL (OTCPK:TAWNF) 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 Airways International 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
	=	149.43	/	862.49	*	365 / 4
	=	15.81

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 Airways International 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 )
	=	149.43	/	1363.457
	=	0.11

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 Airways International PCL Inventory Turnover Related Terms

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Thai Airways International PCL (Thai Airways International PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Thai Airways International PCL (OTCPK:TAWNF) » Definitions » Inventory Turnover

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Address

89 Vibhavadi Rangsit Road, Chom Phon, Chatuchak District, Bangkok, THA, 10900

Website

https://www.thaiairways.com

Thai Airways International PCL is a state-owned enterprise (Thailand) operating domestic, regional, and intercontinental flights. The company has three main businesses: air transport (majority of total revenue), business units, and support services. The air transport business focuses on transportation of passengers, cargo, and mail. It utilizes scheduled and chartered flights to domestic and international destinations. The business units segment works to ensure all flights reach their destination on time and at the correct location. Additionally, it offers support with cargo terminal handling, group equipment services, and catering services. The majority of revenue originates outside of Thailand, with the biggest source coming from Europe.