Thai Union Group PCL (Thai Union Group PCL) Inventory Turnover : 0.55 (As of Mar. 2024)

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What is Thai Union Group 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 Union Group PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was $764 Mil. Thai Union Group PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,397 Mil. Thai Union Group PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thai Union Group PCL's Days Inventory for the three months ended in Mar. 2024 was 166.81.

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 Union Group PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.51.

Thai Union Group PCL Inventory Turnover Historical Data

The historical data trend for Thai Union Group 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 Union Group PCL Inventory Turnover Chart

Thai Union Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.94

2.90

2.57

2.54

2.18

Thai Union Group 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															0.53	0.53	0.51	0.57	0.55

Thai Union Group PCL Inventory Turnover Calculation

Thai Union Group 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 )
=	3228.27	/ (	(1513.517	+	1443.127)	/	2 )
=	3228.27	/	1478.322
=	2.18

Thai Union Group 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 )
=	764.316	/ (	(1443.127	+	1351.227)	/	2 )
=	764.316	/	1397.177
=	0.55

Thai Union Group PCL (OTCPK:TUFUF) 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 Union Group 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
	=	1397.177	/	764.316	*	365 / 4
	=	166.81

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 Union Group 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 )
	=	1397.177	/	924.035
	=	1.51

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 Union Group PCL Inventory Turnover Related Terms

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Thai Union Group PCL (Thai Union Group PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Group PCL (OTCPK:TUFUF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TUFBY:USA THFRF:USA TU-F:Thailand TU:Thailand THYG:Germany

Address

72/1 Moo 7, Sethakit 1 Road, Tambon Tarsrai, Amphur Muangsamutsakorn, Samut sakhon, THA, 74000

Website

https://www.thaiunion.com

Thai Union Group PCL is a global seafood-based food products company. The company sells its products locally in Thailand, as well as in North America and Europe. The business categories are ambient seafood (tuna, salmon, sardine, mackerel); frozen and chilled seafood and related product (shrimp, lobster, salmon); and pet care and value-added. In North America, Thai Union's portfolio contains tuna, salmon, and sardines, sold in different varieties under the Chicken of the Sea and Genova brands. In Europe, the company offers seafood and fish products under brands such as John West, Petit Navire, Parmentier, King Oscar, Mareblum, and Rugen Fisch. In Asia-Pacific, the local brands are Century, Sealect, Fisho, Bellotta, and Marvo.

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