Asian Alliance International PCL (BKK:AAI) Inventory Turnover : 0.88 (As of Mar. 2024)

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What is Asian Alliance International 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. Asian Alliance International PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,180 Mil. Asian Alliance International PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿1,347 Mil. Asian Alliance International PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asian Alliance International PCL's Days Inventory for the three months ended in Mar. 2024 was 104.18.

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. Asian Alliance International PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.90.

Asian Alliance International PCL Inventory Turnover Historical Data

The historical data trend for Asian Alliance International 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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Asian Alliance International PCL Inventory Turnover Chart

Asian Alliance International PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.13

3.57

2.92

3.37

3.09

Asian Alliance International PCL Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial										0.77	0.69	0.79	0.94	0.88

Asian Alliance International PCL Inventory Turnover Calculation

Asian Alliance International 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 )
=	4719.971	/ (	(1754.43	+	1301.123)	/	2 )
=	4719.971	/	1527.7765
=	3.09

Asian Alliance International 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 )
=	1179.756	/ (	(1301.123	+	1392.728)	/	2 )
=	1179.756	/	1346.9255
=	0.88

Asian Alliance International PCL (BKK:AAI) 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.

Asian Alliance International 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
	=	1346.9255	/	1179.756	*	365 / 4
	=	104.18

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.

Asian Alliance International 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 )
	=	1346.9255	/	1489.176
	=	0.90

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.

Asian Alliance International PCL Inventory Turnover Related Terms

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Asian Alliance International PCL (BKK:AAI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Asian Alliance International PCL (BKK:AAI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

55/2 Moo 2 Rama 2 Road, Bang Krachao, Mueang, Samut Sakhon, THA, 74000

Website

https://www.asianalliance.co.th

Asian Alliance International PLC is a manufacturer and distributor of pet foods. The company also manufactures ready-to-eat food product store in sealed container, which does not need to be refrigerated. Additionally, the company sells by-products from tuna processing.

Asian Alliance International PCL (BKK:AAI) Headlines

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