Somboon Advance Technology PCL (BKK:SAT) Inventory Turnover : 2.12 (As of Mar. 2024)

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What is Somboon Advance Technology 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. Somboon Advance Technology PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿1,711 Mil. Somboon Advance Technology PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿809 Mil. Somboon Advance Technology PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Somboon Advance Technology PCL's Days Inventory for the three months ended in Mar. 2024 was 43.14.

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. Somboon Advance Technology PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

Somboon Advance Technology PCL Inventory Turnover Historical Data

The historical data trend for Somboon Advance Technology 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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Somboon Advance Technology PCL Inventory Turnover Chart

Somboon Advance Technology PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.45

8.85

11.99

10.69

9.31

Somboon Advance Technology 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															2.70	2.24	2.31	2.06	2.12

Somboon Advance Technology PCL Inventory Turnover Calculation

Somboon Advance Technology 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 )
=	7436.353	/ (	(775.558	+	821.87)	/	2 )
=	7436.353	/	798.714
=	9.31

Somboon Advance Technology 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 )
=	1710.989	/ (	(821.87	+	795.903)	/	2 )
=	1710.989	/	808.8865
=	2.12

Somboon Advance Technology PCL (BKK:SAT) 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.

Somboon Advance Technology 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
	=	808.8865	/	1710.989	*	365 / 4
	=	43.14

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.

Somboon Advance Technology 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 )
	=	808.8865	/	2044.269
	=	0.40

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.

Somboon Advance Technology PCL Inventory Turnover Related Terms

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Somboon Advance Technology PCL (BKK:SAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Somboon Advance Technology PCL (BKK:SAT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

PSQ:Germany

Address

No. 129 Moo 2, Bangna-Trad Road, Tambol Bangchalong, Amphoe Bang Phli, Samutprakarn, THA, 10540

Website

https://www.satpcl.co.th

Somboon Advance Technology PCL is a Thailand based company engaged in the manufacture and distribution of motor vehicle parts. The principal businesses of the company are the manufacture of pick-up axles and truck trunnion shafts. It manufactures parts for passenger cars, pickup trucks, trucks and agricultural machinery. Its products include axle shafts, disc brakes, drum brakes, exhaust manifolds, leaf springs, stabilizer bars, hot coil springs, and other related products. The group has two reportable segments namely, Pick-up axles and truck trunnion shafts, and Other auto parts. The majority of the revenue is generated from the Other auto parts segment.

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