Pan Asia Footwear PCL (BKK:PAF) Inventory Turnover : 4.27 (As of Mar. 2024)

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What is Pan Asia Footwear 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. Pan Asia Footwear PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿450 Mil. Pan Asia Footwear PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿105 Mil. Pan Asia Footwear PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pan Asia Footwear PCL's Days Inventory for the three months ended in Mar. 2024 was 21.39.

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. Pan Asia Footwear PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Pan Asia Footwear PCL Inventory Turnover Historical Data

The historical data trend for Pan Asia Footwear 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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Pan Asia Footwear PCL Inventory Turnover Chart

Pan Asia Footwear PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.59

6.35

6.86

13.89

27.23

Pan Asia Footwear PCL 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															5.02	6.60	4.02	7.81	4.27

Pan Asia Footwear PCL Inventory Turnover Calculation

Pan Asia Footwear 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 )
=	2735.97	/ (	(97.82	+	103.138)	/	2 )
=	2735.97	/	100.479
=	27.23

Pan Asia Footwear 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 )
=	449.502	/ (	(103.138	+	107.639)	/	2 )
=	449.502	/	105.3885
=	4.27

Pan Asia Footwear PCL (BKK:PAF) 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.

Pan Asia Footwear 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
	=	105.3885	/	449.502	*	365 / 4
	=	21.39

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.

Pan Asia Footwear 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 )
	=	105.3885	/	488.908
	=	0.22

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.

Pan Asia Footwear PCL Inventory Turnover Related Terms

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Pan Asia Footwear PCL (BKK:PAF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Pan Asia Footwear PCL (BKK:PAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

620/5 Moo 11, Tambol Nongkharm, Aumphur Siracha, Chonburi, THA, 20230

Website

http://www.panasiafootwear.com

Pan Asia Footwear PCL is a Thailand-based company that operates in footwear and related accessories segments. The business activity of the group includes manufacturing, distribution, and exporting footwear products. Its segments are Manufacture and distribution of footwear and bag; Manufacture of soles and parts for footwear; Production support business; and Organic farming business and others. Geographically the activities of the group function through the region of Thailand. It derives a majority of the revenue from the manufacture and distribution of footwear and bag.