Ptt PCL (Ptt PCL) Inventory Turnover : 2.62 (As of Dec. 2023)

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What is Ptt 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. Ptt PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was $20,879 Mil. Ptt PCL's Average Total Inventories for the quarter that ended in Dec. 2023 was $7,974 Mil. Ptt PCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ptt PCL's Days Inventory for the three months ended in Dec. 2023 was 34.85.

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. Ptt PCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Ptt PCL Inventory Turnover Historical Data

The historical data trend for Ptt 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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Ptt PCL Inventory Turnover Chart

Ptt PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.36

10.28

10.54

11.82

10.31

Ptt PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.55	2.37	2.48	2.34	2.62

Ptt PCL Inventory Turnover Calculation

Ptt 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 )
=	79103.005	/ (	(7819.093	+	7532.632)	/	2 )
=	79103.005	/	7675.8625
=	10.31

Ptt PCL's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	20879.437	/ (	(8416.074	+	7532.632)	/	2 )
=	20879.437	/	7974.353
=	2.62

Ptt PCL (OTCPK:PETFF) 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.

Ptt PCL's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7974.353	/	20879.437	*	365 / 4
	=	34.85

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.

Ptt PCL's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7974.353	/	23072.898
	=	0.35

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.

Ptt PCL Inventory Turnover Related Terms

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Ptt PCL (Ptt PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ptt PCL (OTCPK:PETFF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PUTRY:USA PTT-F:Thailand PTT:Thailand PTOG:Germany

Address

555 Vibhavadi-Rangsit Road, Chatuchak, Bangkok, THA, 10900

Website

https://www.pttplc.com

Ptt PCL is an integrated national petroleum and petrochemical company based out of Thailand. Its operations are divided into six units: Coal, Petrochemical, International Trading, Oil, Gas, and Petroleum exploration and production. The International Trading and Petrochemicals businesses have historically produced the group's sales and service volume. International Trading encompasses several activities and is crucial to the company's ability to import and export crude oil, condensate, petroleum products, liquefied petroleum gas, petrochemical products, solvents and chemicals, and other products. PTT engages in Petrochemical operations through group companies that conduct business in fuel processing, production, and sales of upstream, intermediate, and downstream chemicals.

Ptt PCL (Ptt PCL) Headlines

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