Eastern Technical Engineering PCL (BKK:ETE) Days Inventory : 28.41 (As of Dec. 2023)

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What is Eastern Technical Engineering PCL Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Eastern Technical Engineering PCL's Average Total Inventories for the three months ended in Dec. 2023 was ฿138 Mil. Eastern Technical Engineering PCL's Cost of Goods Sold for the three months ended in Dec. 2023 was ฿443 Mil. Hence, Eastern Technical Engineering PCL's Days Inventory for the three months ended in Dec. 2023 was 28.41.

The historical rank and industry rank for Eastern Technical Engineering PCL's Days Inventory or its related term are showing as below:

BKK:ETE' s Days Inventory Range Over the Past 10 Years
Min: 12.39 Med: 21.48 Max: 43.17
Current: 33.28

During the past 10 years, Eastern Technical Engineering PCL's highest Days Inventory was 43.17. The lowest was 12.39. And the median was 21.48.

BKK:ETE's Days Inventory is ranked better than
76.17% of 449 companies
in the Conglomerates industry
Industry Median: 72.34 vs BKK:ETE: 33.28

Eastern Technical Engineering PCL's Days Inventory increased from Dec. 2022 (15.14) to Dec. 2023 (28.41). It might indicate that Eastern Technical Engineering PCL's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Eastern Technical Engineering PCL's Inventory Turnover for the three months ended in Dec. 2023 was 3.21.

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. Eastern Technical Engineering PCL's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.27.

Eastern Technical Engineering PCL Days Inventory Historical Data

The historical data trend for Eastern Technical Engineering PCL's Days Inventory 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.

* Premium members only.

Eastern Technical Engineering PCL Days Inventory Chart

Eastern Technical Engineering PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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20.60

38.62

43.17

28.94

22.35

Eastern Technical Engineering PCL Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															15.14	28.17	41.21	50.48	28.41

Competitive Comparison of Eastern Technical Engineering PCL's Days Inventory

For the Conglomerates subindustry, Eastern Technical Engineering PCL's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Eastern Technical Engineering PCL's Days Inventory Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Eastern Technical Engineering PCL's Days Inventory distribution charts can be found below:

* The bar in red indicates where Eastern Technical Engineering PCL's Days Inventory falls into.

Eastern Technical Engineering PCL Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Eastern Technical Engineering PCL's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (60.837	+	109.6)	/	2 )	/	1391.516	*	365
=	85.2185					/	1391.516	*	365
=	22.35

Eastern Technical Engineering PCL's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (166.508	+	109.6)	/	2 )	/	443.481	*	365 / 4
=	138.054					/	443.481	*	365 / 4
=	28.41

Eastern Technical Engineering PCL (BKK:ETE) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Eastern Technical Engineering PCL's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	443.481	/	138.054
	=	3.21

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.

Eastern Technical Engineering PCL's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	138.054	/	512.392
	=	0.27

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Eastern Technical Engineering PCL Days Inventory Related Terms

Thank you for viewing the detailed overview of Eastern Technical Engineering PCL's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Eastern Technical Engineering PCL (BKK:ETE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Eastern Technical Engineering PCL (BKK:ETE) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

59 / 21-22 Moo 1, Liang Muang Road, Bang Kung Subdistrict, Mueang Surat Thani District, Surat Thani, Bangkok, THA, 84000

Website

https://www.eastern-groups.com

Eastern Technical Engineering PCL is engaged in operating management service, installation service of electricity transmission network, telecommunication network, power generation from renewable energy and sale of goods and other service. The company's segments include Business of Management Service; Business of Construction Service; Business of renewable energy; and Business of sale of goods and other services. It derives majority of the revenue from Business of Management Service. All of its operations are carried out in Thailand.

Eastern Technical Engineering PCL (BKK:ETE) Headlines

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