Philippine Estates (PHS:PHES) Inventory Turnover : 0.01 (As of Mar. 2024)

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What is Philippine Estates 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. Philippine Estates's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱23.3 Mil. Philippine Estates's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱1,756.7 Mil. Philippine Estates's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Philippine Estates's Days Inventory for the three months ended in Mar. 2024 was 6,875.18.

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. Philippine Estates's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 40.70.

Philippine Estates Inventory Turnover Historical Data

The historical data trend for Philippine Estates'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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Philippine Estates Inventory Turnover Chart

Philippine Estates Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.18

0.12

0.09

0.06

Philippine Estates 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															0.01	0.02	0.01	0.03	0.01

Philippine Estates Inventory Turnover Calculation

Philippine Estates'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 )
=	97.488	/ (	(1752.993	+	1743.175)	/	2 )
=	97.488	/	1748.084
=	0.06

Philippine Estates'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 )
=	23.315	/ (	(1743.175	+	1770.134)	/	2 )
=	23.315	/	1756.6545
=	0.01

Philippine Estates (PHS:PHES) 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.

Philippine Estates'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
	=	1756.6545	/	23.315	*	365 / 4
	=	6,875.18

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.

Philippine Estates'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 )
	=	1756.6545	/	43.161
	=	40.70

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.

Philippine Estates Inventory Turnover Related Terms

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Philippine Estates (PHS:PHES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Philippine Estates Corp (PHS:PHES) » Definitions » Inventory Turnover

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Address

Julia Vargas Avenue corner, Meralco Avenue, 35th Floor One Corporate Center, Ortigas Center, Pasig, PHL, 1605

Website

https://www.phes.com.ph

Philippine Estates Corporation is a real estate company engaged in the business of holding and developing real estate properties or other properties. Its segments include Metro Manila, which includes an industrial park and condominium projects; Other Luzon Areas such as Bulacan, Cavite-subdivision development; Cebu includes subdivision, mixed-use, and condominium projects; Iloilo includes subdivision, mixed-use, and condominium projects; and Davao, which includes an administrative office. It offers real estate properties for industrial, commercial, residential, and leisure or sports purposes. The group derives key revenue from Cebu and Iloilo business segments.

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