PTT Global Chemical PCL (PTT Global Chemical PCL) Inventory Turnover : 1.99 (As of Mar. 2024)

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What is PTT Global Chemical 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. PTT Global Chemical PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was $4,004 Mil. PTT Global Chemical PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was $2,016 Mil. PTT Global Chemical PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. PTT Global Chemical PCL's Days Inventory for the three months ended in Mar. 2024 was 45.95.

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. PTT Global Chemical PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

PTT Global Chemical PCL Inventory Turnover Historical Data

The historical data trend for PTT Global Chemical 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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PTT Global Chemical PCL Inventory Turnover Chart

PTT Global Chemical PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.76

9.12

7.53

8.38

8.03

PTT Global Chemical 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															1.88	1.95	1.92	2.19	1.99

PTT Global Chemical PCL Inventory Turnover Calculation

PTT Global Chemical 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 )
=	16705.329	/ (	(2203.715	+	1958.692)	/	2 )
=	16705.329	/	2081.2035
=	8.03

PTT Global Chemical 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 )
=	4004.029	/ (	(1958.692	+	2074.021)	/	2 )
=	4004.029	/	2016.3565
=	1.99

PTT Global Chemical PCL (OTCPK:PCHUY) 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.

PTT Global Chemical 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
	=	2016.3565	/	4004.029	*	365 / 4
	=	45.95

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.

PTT Global Chemical 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 )
	=	2016.3565	/	4346.039
	=	0.46

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.

PTT Global Chemical PCL Inventory Turnover Related Terms

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PTT Global Chemical PCL (PTT Global Chemical PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » PTT Global Chemical PCL (OTCPK:PCHUY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

PTTGC-F:Thailand PTTGC:Thailand GCB:Germany

Address

Vibhavadi-Rangsit Road, 555/1, Energy Complex, Building A, 14th - 18th Floor, Chatuchak, Bangkok, THA, 10900

Website

https://www.pttgcgroup.com

PTT Global Chemical PCL is a Thailand-based company. The reportable segments of the company are Upstream (including Refinery, Aromatics and Olefins), Intermediates (including EO-Based Performance, Phenol and others) Polymers and Chemicals, Bio and Circularity, Performance Chemicals, Service and Others. The majority of revenue is earned in Thailand.

PTT Global Chemical PCL (PTT Global Chemical PCL) Headlines

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Q4 2023 PTT Global Chemical PCL Earnings Presentation Transcript

By GuruFocus Research • 02-14-2024