Thai-German Products PCL (BKK:TGPRO) Days Inventory : 172.07 (As of Mar. 2024)

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What is Thai-German Products PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thai-German Products PCL's Average Total Inventories for the three months ended in Mar. 2024 was ฿597 Mil. Thai-German Products PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿317 Mil. Hence, Thai-German Products PCL's Days Inventory for the three months ended in Mar. 2024 was 172.07.

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

BKK:TGPRO' s Days Inventory Range Over the Past 10 Years
Min: 186.88 Med: 215.41 Max: 241.86
Current: 192.24

During the past 13 years, Thai-German Products PCL's highest Days Inventory was 241.86. The lowest was 186.88. And the median was 215.41.

BKK:TGPRO's Days Inventory is ranked worse than
89.46% of 569 companies
in the Steel industry
Industry Median: 87.88 vs BKK:TGPRO: 192.24

Thai-German Products PCL's Days Inventory declined from Mar. 2023 (191.78) to Mar. 2024 (172.07).

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai-German Products PCL's Inventory Turnover for the three months ended in Mar. 2024 was 0.53.

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-German Products PCL's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.73.

Thai-German Products PCL Days Inventory Historical Data

The historical data trend for Thai-German Products 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.

* Premium members only.

Thai-German Products PCL Days Inventory Chart

Thai-German Products PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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224.43

207.48

204.69

208.22

186.88

Thai-German Products PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															191.78	224.49	184.40	196.11	172.07

Competitive Comparison of Thai-German Products PCL's Days Inventory

For the Steel subindustry, Thai-German Products 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-German Products PCL's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Thai-German Products PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thai-German Products PCL's Days Inventory falls into.

Thai-German Products PCL Days Inventory Calculation

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

Thai-German Products 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
=	( (946.141	+	620.516)	/	2 )	/	1529.954	*	365
=	783.3285					/	1529.954	*	365
=	186.88

Thai-German Products PCL's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (620.516	+	574.095)	/	2 )	/	316.749	*	365 / 4
=	597.3055					/	316.749	*	365 / 4
=	172.07

Thai-German Products PCL (BKK:TGPRO) 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-German Products PCL's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	316.749	/	597.3055
	=	0.53

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-German Products PCL's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	597.3055	/	344.933
	=	1.73

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-German Products PCL Days Inventory Related Terms

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

Thai-German Products PCL (BKK:TGPRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Thai-German Products PCL (BKK:TGPRO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Huaypong-Nongbon Road, Tambol Huaypong, Amphur Muang, Rayong, THA, 21150

Website

https://www.tgpro.co.th

Thai-German Products PCL is a Thailand based company engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has three operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market.

Thai-German Products PCL (BKK:TGPRO) Headlines

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