T M C Industrial PCL (BKK:TMC) Inventory Turnover : 0.37 (As of Mar. 2024)

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What is T M C Industrial 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. T M C Industrial PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿34.5 Mil. T M C Industrial PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿93.0 Mil. T M C Industrial PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. T M C Industrial PCL's Days Inventory for the three months ended in Mar. 2024 was 246.37.

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. T M C Industrial PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.06.

T M C Industrial PCL Inventory Turnover Historical Data

The historical data trend for T M C Industrial 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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T M C Industrial PCL Inventory Turnover Chart

T M C Industrial PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.74

3.54

2.97

2.37

2.67

T M C Industrial 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															0.73	0.35	0.60	0.86	0.37

T M C Industrial PCL Inventory Turnover Calculation

T M C Industrial 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 )
=	266.147	/ (	(117.908	+	81.119)	/	2 )
=	266.147	/	99.5135
=	2.67

T M C Industrial 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 )
=	34.452	/ (	(81.119	+	104.92)	/	2 )
=	34.452	/	93.0195
=	0.37

T M C Industrial PCL (BKK:TMC) 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.

T M C Industrial 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
	=	93.0195	/	34.452	*	365 / 4
	=	246.37

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.

T M C Industrial 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 )
	=	93.0195	/	45.082
	=	2.06

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.

T M C Industrial PCL Inventory Turnover Related Terms

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T M C Industrial PCL (BKK:TMC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » T M C Industrial PCL (BKK:TMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

125/10, Moo 5 Ban Saun Subdistrict, Muang Chonburi, Chonburi, THA, 20000

Website

http://www.tmc.co.th

T M C Industrial PLC manufactures and distributes mechanical and hydraulic press systems. The company operates its business through three segments: Manufacture and Distribution of Machinery; Services and Project construction service segment. The Manufacture and Distribution of Machinery segment which contributes majorly towards the firm's revenue engages in the manufacturing and distribution of hydraulic machines, such as press machines, cranes, and handling equipment. The Services segment engages in the provision of machine repair and maintenance and metal machining services. The Project construction service segment is engaged in the project construction service by supplying machines and installation according to the contract.