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NAT Absolute Technologies PCL (BKK:NAT) Inventory Turnover : 25.02 (As of Mar. 2024)


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What is NAT Absolute Technologies 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. NAT Absolute Technologies PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿635 Mil. NAT Absolute Technologies PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿25 Mil. NAT Absolute Technologies PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 25.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NAT Absolute Technologies PCL's Days Inventory for the three months ended in Mar. 2024 was 3.65.

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. NAT Absolute Technologies PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

NAT Absolute Technologies PCL Inventory Turnover Historical Data

The historical data trend for NAT Absolute Technologies 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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NAT Absolute Technologies PCL Inventory Turnover Chart

NAT Absolute Technologies PCL Annual Data
Trend Dec21 Dec22
Inventory Turnover
7.56 35.64

NAT Absolute Technologies PCL Quarterly Data
Dec21 Sep22 Dec22 Mar23 Sep23 Mar24
Inventory Turnover Get a 7-Day Free Trial 1.03 93,331.00 77,397.00 7.85 25.02

NAT Absolute Technologies PCL Inventory Turnover Calculation

NAT Absolute Technologies PCL's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=917.076 / ((51.465 + 0.004) / 2 )
=917.076 / 25.7345
=35.64

NAT Absolute Technologies 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: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=635.244 / ((48.753 + 2.033) / 2 )
=635.244 / 25.393
=25.02

* 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.

NAT Absolute Technologies PCL  (BKK:NAT) 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.

NAT Absolute Technologies 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
=25.393/635.244*365 / 4
=3.65

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.

NAT Absolute Technologies 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 )
=25.393 / 730.389
=0.03

* 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.

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.

NAT Absolute Technologies PCL Inventory Turnover Related Terms

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NAT Absolute Technologies PCL (BKK:NAT) Business Description

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NAT Absolute Technologies PCL is engaged in information and communication technology services in Thailand. It provides consulting services, design, procure and distribute equipment ready for installation, including providing contract system installation services related to information and communication technology systems (Information and Communication Technology System Integration).