Vanachai Group PCL (BKK:VNG) Days Inventory : 114.48 (As of Dec. 2023)

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What is Vanachai Group PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Vanachai Group PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿3,923 Mil. Vanachai Group PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿3,127 Mil. Hence, Vanachai Group PCL's Days Inventory for the three months ended in Dec. 2023 was 114.48.

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

BKK:VNG' s Days Inventory Range Over the Past 10 Years
Min: 78.68 Med: 104.88 Max: 128.73
Current: 115.63

During the past 13 years, Vanachai Group PCL's highest Days Inventory was 128.73. The lowest was 78.68. And the median was 104.88.

BKK:VNG's Days Inventory is ranked worse than
69.06% of 278 companies
in the Forest Products industry
Industry Median: 88.235 vs BKK:VNG: 115.63

Vanachai Group PCL's Days Inventory declined from Dec. 2022 (150.72) to Dec. 2023 (114.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Vanachai Group PCL's Inventory Turnover for the three months ended in Dec. 2023 was 0.80.

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. Vanachai Group PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.01.

Vanachai Group PCL Days Inventory Historical Data

The historical data trend for Vanachai Group 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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Vanachai Group PCL Days Inventory Chart

Vanachai Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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105.51

128.73

115.89

127.28

118.30

Vanachai Group 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															150.72	98.55	110.09	144.65	114.48

Competitive Comparison of Vanachai Group PCL's Days Inventory

For the Lumber & Wood Production subindustry, Vanachai Group 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.

Vanachai Group PCL's Days Inventory Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, Vanachai Group PCL's Days Inventory distribution charts can be found below:

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

Vanachai Group PCL Days Inventory Calculation

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

Vanachai Group 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
=	( (3980.896	+	3682.366)	/	2 )	/	11822.251	*	365
=	3831.631					/	11822.251	*	365
=	118.30

Vanachai Group 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
=	( (4162.816	+	3682.366)	/	2 )	/	3126.607	*	365 / 4
=	3922.591					/	3126.607	*	365 / 4
=	114.48

Vanachai Group PCL (BKK:VNG) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3126.607	/	3922.591
	=	0.80

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3922.591	/	3898.176
	=	1.01

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.

Vanachai Group PCL Days Inventory Related Terms

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

Vanachai Group PCL (BKK:VNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Vanachai Group PCL (BKK:VNG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2/1 Wongsawang Road, Wongsawang, Bangsue, Bangkok, THA, 10800

Website

https://www.vanachai.com

Vanachai Group PCL is a building materials company that manufactures and distributes wood-based products. The company's primary products include board panels, particle boards, and wood substitutes. The company creates wood-based goods such as particleboards, medium density fiberboards (MDF boards), Doorskin and melamine laminated particleboards, which are distributed to both domestic and international markets. Vanachai also sells finished products that include melamine doors, door frames, resins, formaldehyde adhesives, and finished flooring. The company generates the vast majority of its revenue in Thailand.