Ubon Bio Ethanol PCL (BKK:UBE) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is Ubon Bio Ethanol 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. Ubon Bio Ethanol PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,601 Mil. Ubon Bio Ethanol PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿2,010 Mil. Ubon Bio Ethanol PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ubon Bio Ethanol PCL's Days Inventory for the three months ended in Mar. 2024 was 114.54.

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. Ubon Bio Ethanol PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.06.

Ubon Bio Ethanol PCL Inventory Turnover Historical Data

The historical data trend for Ubon Bio Ethanol 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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Ubon Bio Ethanol PCL Inventory Turnover Chart

Ubon Bio Ethanol PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.06

3.52

5.76

6.71

5.10

Ubon Bio Ethanol PCL Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial														0.80	0.54	0.79	1.22	0.80

Ubon Bio Ethanol PCL Inventory Turnover Calculation

Ubon Bio Ethanol 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 )
=	5316.212	/ (	(957.577	+	1125.417)	/	2 )
=	5316.212	/	1041.497
=	5.10

Ubon Bio Ethanol 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 )
=	1600.961	/ (	(1125.417	+	2893.813)	/	2 )
=	1600.961	/	2009.615
=	0.80

Ubon Bio Ethanol PCL (BKK:UBE) 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.

Ubon Bio Ethanol 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
	=	2009.615	/	1600.961	*	365 / 4
	=	114.54

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.

Ubon Bio Ethanol 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 )
	=	2009.615	/	1890.313
	=	1.06

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.

Ubon Bio Ethanol PCL Inventory Turnover Related Terms

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Ubon Bio Ethanol PCL (BKK:UBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ubon Bio Ethanol PCL (BKK:UBE) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

333 Moo 9, Nadee Sub district, Nayia District, Ubon Ratchathani Province, Ubon Ratchathani, THA, 34160

Website

https://www.ubonbioethanol.com

Ubon Bio Ethanol PCL is engaged in the manufacture and distribution of processed cassava products which include cassava-based ethanol, cassava starch, cassava flour, other organic products, biogas and electricity from biogas and solar power system. The company has three reportable segment Tapioca starch, biogas and electricity, Ethanol and others. Majority of revenue is generated from Ethanol segment.

Ubon Bio Ethanol PCL (BKK:UBE) Headlines

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