Polynet PCL (BKK:POLY) Inventory Turnover : 2.99 (As of Mar. 2024)

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What is Polynet 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. Polynet PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿166.2 Mil. Polynet PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿55.6 Mil. Polynet PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Polynet PCL's Days Inventory for the three months ended in Mar. 2024 was 30.54.

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. Polynet PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Polynet PCL Inventory Turnover Historical Data

The historical data trend for Polynet 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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Polynet PCL Inventory Turnover Chart

Polynet PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

11.06

11.77

13.39

12.68

Polynet PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							3.10	2.85	3.08	3.15	2.99

Polynet PCL Inventory Turnover Calculation

Polynet 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 )
=	729.284	/ (	(63.756	+	51.263)	/	2 )
=	729.284	/	57.5095
=	12.68

Polynet 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 )
=	166.199	/ (	(51.263	+	59.978)	/	2 )
=	166.199	/	55.6205
=	2.99

Polynet PCL (BKK:POLY) 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.

Polynet 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
	=	55.6205	/	166.199	*	365 / 4
	=	30.54

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.

Polynet 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 )
	=	55.6205	/	234.564
	=	0.24

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.

Polynet PCL Inventory Turnover Related Terms

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Polynet PCL (BKK:POLY) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

888 Moo 11, Bangsaothong District, Bangsaothong Subdistrict, SamutPrakarn, THA, 10570

Website

https://www.polynet.co.th

Polynet PCL is engaged in the forming, manufacturing and distributing products related to rubber, plastic, silicone, molds for the automotive industry, medical tools and equipment and consumer products.