Absolute Clean Energy PCL (BKK:ACE) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is Absolute Clean Energy 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. Absolute Clean Energy PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,121 Mil. Absolute Clean Energy PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿1,106 Mil. Absolute Clean Energy PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Absolute Clean Energy PCL's Days Inventory for the three months ended in Mar. 2024 was 89.96.

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. Absolute Clean Energy PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

Absolute Clean Energy PCL Inventory Turnover Historical Data

The historical data trend for Absolute Clean Energy 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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Absolute Clean Energy PCL Inventory Turnover Chart

Absolute Clean Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.43

13.85

8.16

6.78

4.76

Absolute Clean Energy 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															1.26	1.13	1.13	1.12	1.01

Absolute Clean Energy PCL Inventory Turnover Calculation

Absolute Clean Energy 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 )
=	4800.411	/ (	(957.397	+	1059.03)	/	2 )
=	4800.411	/	1008.2135
=	4.76

Absolute Clean Energy 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 )
=	1121.407	/ (	(1059.03	+	1152.196)	/	2 )
=	1121.407	/	1105.613
=	1.01

Absolute Clean Energy PCL (BKK:ACE) 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.

Absolute Clean Energy 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
	=	1105.613	/	1121.407	*	365 / 4
	=	89.96

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.

Absolute Clean Energy 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 )
	=	1105.613	/	1471.376
	=	0.75

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.

Absolute Clean Energy PCL Inventory Turnover Related Terms

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Absolute Clean Energy PCL (BKK:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Absolute Clean Energy PCL (BKK:ACE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

140/6 ITF Tower 7th Floor Silom Road, Suriyawong, Bangrak, Bangkok, THA, 10500

Website

https://www.ace-energy.co.th

Absolute Clean Energy PCL is engaged in electricity and steam generating and distributing business both domestically and internationally. The company operates in four reportable segments biomass, natural gas, municipal solid waste, and solar energy power plants. It holds approximately 19 COD power plants and approximately 17 projects are being developed.

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