Earth Tech Environment PCL (BKK:ETC) Inventory Turnover : 4.36 (As of Mar. 2024)

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What is Earth Tech Environment 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. Earth Tech Environment PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿127.8 Mil. Earth Tech Environment PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿29.3 Mil. Earth Tech Environment PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Earth Tech Environment PCL's Days Inventory for the three months ended in Mar. 2024 was 20.94.

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. Earth Tech Environment PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Earth Tech Environment PCL Inventory Turnover Historical Data

The historical data trend for Earth Tech Environment 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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Earth Tech Environment PCL Inventory Turnover Chart

Earth Tech Environment PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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255.67

213.57

176.75

38.09

18.61

Earth Tech Environment 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															10.70	40.80	31.81	7.13	4.36

Earth Tech Environment PCL Inventory Turnover Calculation

Earth Tech Environment 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 )
=	485.984	/ (	(22.302	+	29.936)	/	2 )
=	485.984	/	26.119
=	18.61

Earth Tech Environment 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 )
=	127.803	/ (	(29.936	+	28.709)	/	2 )
=	127.803	/	29.3225
=	4.36

Earth Tech Environment PCL (BKK:ETC) 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.

Earth Tech Environment 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
	=	29.3225	/	127.803	*	365 / 4
	=	20.94

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.

Earth Tech Environment 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 )
	=	29.3225	/	182.519
	=	0.16

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.

Earth Tech Environment PCL Inventory Turnover Related Terms

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Earth Tech Environment PCL (BKK:ETC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Earth Tech Environment PCL (BKK:ETC) » Definitions » Inventory Turnover

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Address

88, 88/1, Moo. 1, Ban That Subdistrict, Kaeng Khoi District, Saraburi, Bangkok, THA

Website

https://www.etcenvi.com

Earth Tech Environment PCL is a service provider for the production and distribution of electricity. The company produces and distributes electricity from the first non-hazardous industrial materials in Thailand by using sewage or unused materials to process as fuel to produce electricity. It also provides an air quality control system, water management system, and community involvement. The company's segment includes Power business and Construction. It generates maximum revenue from the Power business segment.

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