Wilmar International (Wilmar International) Inventory Turnover : 2.88 (As of Dec. 2023)

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What is Wilmar International 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. Wilmar International's Cost of Goods Sold for the six months ended in Dec. 2023 was $32,175 Mil. Wilmar International's Average Total Inventories for the quarter that ended in Dec. 2023 was $11,172 Mil. Wilmar International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wilmar International's Days Inventory for the six months ended in Dec. 2023 was 63.37.

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. Wilmar International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Wilmar International Inventory Turnover Historical Data

The historical data trend for Wilmar International'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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Wilmar International Inventory Turnover Chart

Wilmar International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.78

5.14

5.50

5.33

4.93

Wilmar International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.79	2.69	2.69	2.50	2.88

Wilmar International Inventory Turnover Calculation

Wilmar International'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 )
=	61882.127	/ (	(13281.069	+	11847.201)	/	2 )
=	61882.127	/	12564.135
=	4.93

Wilmar International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	32175.433	/ (	(10496.208	+	11847.201)	/	2 )
=	32175.433	/	11171.7045
=	2.88

Wilmar International (OTCPK:WLMIY) 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.

Wilmar International's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	11171.7045	/	32175.433	*	365 / 2
	=	63.37

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.

Wilmar International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	11171.7045	/	34617.226
	=	0.32

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.

Wilmar International Inventory Turnover Related Terms

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Wilmar International (Wilmar International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wilmar International Ltd (OTCPK:WLMIY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WLMIF:USA F34:Singapore RTHA:Germany

Address

28 Biopolis Road, Wilmar International, Singapore, SGP, 138568

Website

https://www.wilmar-international.com

Wilmar International Ltd is a processor of palm and lauric oils and a producer of consumer pack edible oils. Its operating segment includes Food Products; Feed and Industrial Products; Plantation and Sugar Milling and others. The company generates maximum revenue from the Feed and Industrial Products segment. Its Feed and Industrial Products segment comprises the processing, merchandising, and distribution of products, which includes animal feeds, non-edible palm and lauric products, agricultural commodities, oleochemicals, gas oil, and biodiesel. Geographically, it derives a majority of revenue from the People's Republic of China.

Wilmar International (Wilmar International) Headlines

From GuruFocus

Wilmar International Stock Appears To Be Modestly Overvalued

By GF Value GF Value • 05-13-2021