Tata Steel Thailand PCL (BKK:TSTH) Inventory Turnover : 1.95 (As of Mar. 2024)

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What is Tata Steel Thailand 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. Tata Steel Thailand PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿6,804 Mil. Tata Steel Thailand PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿3,487 Mil. Tata Steel Thailand PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tata Steel Thailand PCL's Days Inventory for the three months ended in Mar. 2024 was 46.77.

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. Tata Steel Thailand PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Tata Steel Thailand PCL Inventory Turnover Historical Data

The historical data trend for Tata Steel Thailand 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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Tata Steel Thailand PCL Inventory Turnover Chart

Tata Steel Thailand PCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.80

6.87

7.37

7.03

6.98

Tata Steel Thailand 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															1.75	1.67	1.82	1.53	1.95

Tata Steel Thailand PCL Inventory Turnover Calculation

Tata Steel Thailand PCL's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	24249.618	/ (	(3891.748	+	3058.87)	/	2 )
=	24249.618	/	3475.309
=	6.98

Tata Steel Thailand 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 )
=	6803.857	/ (	(3915.235	+	3058.87)	/	2 )
=	6803.857	/	3487.0525
=	1.95

Tata Steel Thailand PCL (BKK:TSTH) 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.

Tata Steel Thailand 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
	=	3487.0525	/	6803.857	*	365 / 4
	=	46.77

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.

Tata Steel Thailand 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 )
	=	3487.0525	/	6913.687
	=	0.50

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.

Tata Steel Thailand PCL Inventory Turnover Related Terms

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Tata Steel Thailand PCL (BKK:TSTH) Business Description

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MVX:Germany

Address

555 Phaholyothin Road, Rasa Tower 2, 20th Floor, Chatuchak Sub-district, Chatuchak District, Bangkok, THA, 10900

Website

https://www.tatasteelthailand.com

Tata Steel Thailand PCL is a Thailand-based holding company which is engaged in investing in other companies and providing management services. It is engaged in manufacturing, rendering manufacturing services, distributing and trading of steel bars, wire rods, and small-section products through its subsidiaries. The company operates in a single segment being the Manufacturing and distribution of long steel products. The product line of the company includes rebar, deformed bar, round bar, seismic bar, cut and bend bars, wire roads including high carbon wire rods and low carbon, special wire rods, and others.

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