WP Energy PCL (BKK:WP) Inventory Turnover : 10.02 (As of Mar. 2024)

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What is WP Energy 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. WP Energy PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿4,618 Mil. WP Energy PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿461 Mil. WP Energy PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WP Energy PCL's Days Inventory for the three months ended in Mar. 2024 was 9.10.

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. WP Energy PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

WP Energy PCL Inventory Turnover Historical Data

The historical data trend for WP Energy 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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WP Energy PCL Inventory Turnover Chart

WP Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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73.87

44.48

36.11

40.02

39.09

WP Energy 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															10.07	9.98	10.81	10.86	10.02

WP Energy PCL Inventory Turnover Calculation

WP Energy 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 )
=	17260.655	/ (	(425.112	+	457.998)	/	2 )
=	17260.655	/	441.555
=	39.09

WP Energy 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 )
=	4618.39	/ (	(457.998	+	463.573)	/	2 )
=	4618.39	/	460.7855
=	10.02

WP Energy PCL (BKK:WP) 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.

WP Energy 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
	=	460.7855	/	4618.39	*	365 / 4
	=	9.10

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.

WP Energy 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 )
	=	460.7855	/	4779.341
	=	0.10

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.

WP Energy PCL Inventory Turnover Related Terms

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WP Energy PCL (BKK:WP) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » WP Energy PCL (BKK:WP) » Definitions » Inventory Turnover

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Address

1 East Water Buildings 15th Floor, Soi Viphavadi Rangsit 5, Vibhavadi Rangsit Road, Chom Pon Sub-district, Chatuchak district, Bangkok, THA, 10900

Website

https://www.wp-energy.co.th

WP Energy PCL is a Thailand-based company engaged in trading of Liquefied Petroleum Gas (LPG), and transportation of oil, gas, and chemical substances. The company distributes its liquefied petroleum gas cylinders to filling plants, gas retail shops, and gas users in commercial and household sectors. It derives a majority of revenue from the trading of Liquefied Petroleum Gas (LPG) activity. The group generates majority of the revenue from Thailand.