Thai Group Holdings PCL (BKK:TGH) Days Inventory : 14.30 (As of Dec. 2023)

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What is Thai Group Holdings PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thai Group Holdings PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿754 Mil. Thai Group Holdings PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿4,812 Mil. Hence, Thai Group Holdings PCL's Days Inventory for the three months ended in Dec. 2023 was 14.30.

The historical rank and industry rank for Thai Group Holdings PCL's Days Inventory or its related term are showing as below:

BKK:TGH' s Days Inventory Range Over the Past 10 Years
Min: 2.35 Med: 4.76 Max: 17.61
Current: 13.17

During the past 6 years, Thai Group Holdings PCL's highest Days Inventory was 17.61. The lowest was 2.35. And the median was 4.76.

BKK:TGH's Days Inventory is ranked worse than
61.11% of 18 companies
in the Insurance industry
Industry Median: 8.625 vs BKK:TGH: 13.17

Thai Group Holdings PCL's Days Inventory increased from Dec. 2022 (5.73) to Dec. 2023 (14.30). It might indicate that Thai Group Holdings PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai Group Holdings PCL's Inventory Turnover for the three months ended in Dec. 2023 was 6.38.

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 Group Holdings PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.15.

Thai Group Holdings PCL Days Inventory Historical Data

The historical data trend for Thai Group Holdings PCL's Days Inventory 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 Group Holdings PCL Days Inventory Chart

Thai Group Holdings PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4.51

4.42

2.35

5.00

17.61

Thai Group Holdings PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															5.73	10.09	9.87	12.45	14.30

Competitive Comparison of Thai Group Holdings PCL's Days Inventory

For the Insurance - Diversified subindustry, Thai Group Holdings PCL's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thai Group Holdings PCL's Days Inventory Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Thai Group Holdings PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thai Group Holdings PCL's Days Inventory falls into.

Thai Group Holdings PCL Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Thai Group Holdings PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (315.589	+	1013.96)	/	2 )	/	13777.501	*	365
=	664.7745					/	13777.501	*	365
=	17.61

Thai Group Holdings PCL's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (494.312	+	1013.96)	/	2 )	/	4811.651	*	365 / 4
=	754.136					/	4811.651	*	365 / 4
=	14.30

Thai Group Holdings PCL (BKK:TGH) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Thai Group Holdings PCL's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4811.651	/	754.136
	=	6.38

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 Group Holdings PCL's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	754.136	/	4872.792
	=	0.15

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Thai Group Holdings PCL Days Inventory Related Terms

Thank you for viewing the detailed overview of Thai Group Holdings PCL's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Thai Group Holdings PCL (BKK:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Thai Group Holdings PCL (BKK:TGH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Silom Road, 315 Thai Group Building, 12th Floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.tgh.co.th

Thai Group Holdings PCL is a Thailand-based holding company. The principal activities of the group are underwriting life assurance, underwriting non-life insurance, leasing, hire purchase services, lending, and sales of second-hand cars. It operates in four segments: Life Insurance business, Non - Life insurance business, Financial service business, and Other businesses. The vast majority of the revenues are generated from the insurance business segment. The company is managed and operates principally in Thailand.