ABS-CBN (PHS:ABS) Inventory Turnover : 19.04 (As of Mar. 2024)

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What is ABS-CBN 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. ABS-CBN's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱3,422 Mil. ABS-CBN's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱180 Mil. ABS-CBN's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ABS-CBN's Days Inventory for the three months ended in Mar. 2024 was 4.79.

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. ABS-CBN's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

ABS-CBN Inventory Turnover Historical Data

The historical data trend for ABS-CBN'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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ABS-CBN Inventory Turnover Chart

ABS-CBN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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38.76

32.87

33.12

47.91

65.54

ABS-CBN 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															13.55	14.39	16.67	19.28	19.04

ABS-CBN Inventory Turnover Calculation

ABS-CBN'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 )
=	14854.999	/ (	(263.876	+	189.409)	/	2 )
=	14854.999	/	226.6425
=	65.54

ABS-CBN'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 )
=	3422.408	/ (	(189.409	+	170.113)	/	2 )
=	3422.408	/	179.761
=	19.04

ABS-CBN (PHS:ABS) 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.

ABS-CBN'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
	=	179.761	/	3422.408	*	365 / 4
	=	4.79

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.

ABS-CBN'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 )
	=	179.761	/	4079.569
	=	0.04

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.

ABS-CBN Inventory Turnover Related Terms

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ABS-CBN (PHS:ABS) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ABS-CBN Corp (PHS:ABS) » Definitions » Inventory Turnover

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Address

Mother Ignacia Street, Sgt. Esguerra Avenue Corner, ABS-CBN Broadcasting Center, Diliman, Quezon, QUE, PHL, 1100

Website

http://www.abs-cbn.com

ABS-CBN Corp is one of the media companies in the Philippines. It operates national television networks, radio channels, and international television channels. The company's operating segment includes Content Creation, Production, and Distribution; Cable, satellite, and broadband. It generates maximum revenue from the Content Production and Distribution segment. Geographically, it derives a majority of revenue from the Philippines. ABS-CBN continues to be a supplier of Filipino entertainment, news, and current affairs programs for free TV, cable, and satellite channels and online platforms both in the Philippines and across world.

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