Nam Cheong (SGX:1MZ) Change In Inventory : S$-3.5 Mil (TTM As of Mar. 2024)

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What is Nam Cheong Change In Inventory?

Nam Cheong's change in inventory for the quarter that ended in Mar. 2024 was S$-0.8 Mil. It means Nam Cheong's inventory increased by S$0.8 Mil from Dec. 2023 to Mar. 2024 .

Nam Cheong's change in inventory for the fiscal year that ended in Dec. 2023 was S$-3.1 Mil. It means Nam Cheong's inventory increased by S$3.1 Mil from Dec. 2022 to Dec. 2023 .

Nam Cheong's Total Inventories for the quarter that ended in Mar. 2024 was S$7.6 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nam Cheong's Days Inventory for the quarter that ended in Mar. 2024 was 37.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nam Cheong's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.42.

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. Nam Cheong's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.23.

Nam Cheong Change In Inventory Historical Data

The historical data trend for Nam Cheong's Change In Inventory 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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Nam Cheong Change In Inventory Chart

Nam Cheong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.40

11.46

-1.96

-4.78

-3.14

Nam Cheong Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-0.54	-0.48	-1.14	-1.04	-0.83

Nam Cheong Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was S$-3.5 Mil.

Nam Cheong (SGX:1MZ) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Nam Cheong's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7.2505	/	17.576	*	365 / 4
	=	37.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nam Cheong's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17.576	/	7.2505
	=	2.42

3. 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.

Nam Cheong's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.2505	/	31.695
	=	0.23

Nam Cheong Change In Inventory Related Terms

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Nam Cheong (SGX:1MZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Nam Cheong Ltd (SGX:1MZ) » Definitions » Change In Inventory

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Address

80, Robinson Road, No. 02-00, Singapore, SGP, 068898

Website

http://www.namcheong.com.my

Nam Cheong Ltd along is an offshore marine group specializing in the building of offshore support vessels. The company's operating segment includes Shipbuilding; Vessel chartering and others. It generates maximum revenue from the Vessel chartering segment. Geographically, it derives a majority of its revenue from Malaysia. Its fleet comprises Anchor Handling Tug Supply (AHTS) vessels, Platform Supply Vessels (PSV), Maintenance Work Vessels (MWV), Safety Supply Vessels (SSV), and landing crafts.

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