The Erawan Group PCL (BKK:ERW) Inventory Turnover : 17.26 (As of Mar. 2024)

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What is The Erawan Group 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. The Erawan Group PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿794 Mil. The Erawan Group PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿46 Mil. The Erawan Group PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Erawan Group PCL's Days Inventory for the three months ended in Mar. 2024 was 5.29.

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. The Erawan Group PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

The Erawan Group PCL Inventory Turnover Historical Data

The historical data trend for The Erawan Group 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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The Erawan Group PCL Inventory Turnover Chart

The Erawan Group PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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53.80

29.72

30.03

55.14

65.66

The Erawan Group 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															19.17	19.32	19.16	17.20	17.26

The Erawan Group PCL Inventory Turnover Calculation

The Erawan Group 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 )
=	3034.518	/ (	(43.467	+	48.963)	/	2 )
=	3034.518	/	46.215
=	65.66

The Erawan Group 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 )
=	793.662	/ (	(48.963	+	42.976)	/	2 )
=	793.662	/	45.9695
=	17.26

The Erawan Group PCL (BKK:ERW) 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.

The Erawan Group 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
	=	45.9695	/	793.662	*	365 / 4
	=	5.29

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.

The Erawan Group 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 )
	=	45.9695	/	1974.498
	=	0.02

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.

The Erawan Group PCL Inventory Turnover Related Terms

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The Erawan Group PCL (BKK:ERW) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Erawan Group PCL (BKK:ERW) » Definitions » Inventory Turnover

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Address

Ploenchit Center, 2 Sukhumvit Soi 2 Road, 6th Floor, Klong Toey Subdistrict, Klong Toey District, Bangkok, THA, 10110

Website

http://www.theerawan.com

The Erawan Group PCL is a company that focuses on investing in various companies, engaged in the hotel business and in building rental business. The company operates two business segments: Hotel business segment, which consists of Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, a Luxury Collection Resort and Spa, Phuket, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam and Ibis Hotels; and the Rental and management building business segment including Erawan Bangkok, which is a boutique mall to the center of Bangkok's business and commercial district and Ploenchit Center, which is an office building with retail shops and international restaurants.

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