Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Kiang Huat Sea Gull Trading Frozen Food 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. Kiang Huat Sea Gull Trading Frozen Food PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿657 Mil. Kiang Huat Sea Gull Trading Frozen Food PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿1,651 Mil. Kiang Huat Sea Gull Trading Frozen Food PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kiang Huat Sea Gull Trading Frozen Food PCL's Days Inventory for the three months ended in Mar. 2024 was 229.20.

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. Kiang Huat Sea Gull Trading Frozen Food PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.39.

Kiang Huat Sea Gull Trading Frozen Food PCL Inventory Turnover Historical Data

The historical data trend for Kiang Huat Sea Gull Trading Frozen Food 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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Kiang Huat Sea Gull Trading Frozen Food PCL Inventory Turnover Chart

Kiang Huat Sea Gull Trading Frozen Food PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.23

2.51

3.44

2.33

1.36

Kiang Huat Sea Gull Trading Frozen Food 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															0.32	0.42	0.34	0.27	0.40

Kiang Huat Sea Gull Trading Frozen Food PCL Inventory Turnover Calculation

Kiang Huat Sea Gull Trading Frozen Food 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 )
=	2348.363	/ (	(1649.036	+	1800.176)	/	2 )
=	2348.363	/	1724.606
=	1.36

Kiang Huat Sea Gull Trading Frozen Food 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 )
=	657.492	/ (	(1800.176	+	1502.74)	/	2 )
=	657.492	/	1651.458
=	0.40

Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) 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.

Kiang Huat Sea Gull Trading Frozen Food 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
	=	1651.458	/	657.492	*	365 / 4
	=	229.20

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.

Kiang Huat Sea Gull Trading Frozen Food 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 )
	=	1651.458	/	691.406
	=	2.39

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.

Kiang Huat Sea Gull Trading Frozen Food PCL Inventory Turnover Related Terms

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Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kiang Huat Sea Gull Trading Frozen Food PCL (BKK:CHOTI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

4/2 Moo 3, Asia 43 Road, Tambol Namom, Amphur Namom, Songkhla, THA, 90310

Website

https://www.kst-hatyai.com

Kiang Huat Sea Gull Trading Frozen Food PCL is engaged in the frozen seafood manufacturing business. The production processes include beheading, peeling, sizing, weighing, arranging, cooking, value-added processing, and freezing and packing. The company produces a wide variety of block, vacuum-packed items such as Raw and cooked head-on, Headless and peeled shrimps, Extended shrimps (nobashi), Cooked tail-on butterfly shrimps (sushi), Breaded shrimps (panko), Easily peeled shrimps, Slipper lobster tail, and Meat. The organization sells its products under its own brands which are Sea Kin, Sea Champion, Eagle, Sea Queen, Sea Flower, and Blue Gulf. The group sells its products in Asia, Europe, America, Africa, and Thailand, of which key revenue is generated from Asia.

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