Best World International (SGX:CGN) Inventory Turnover : 0.63 (As of Dec. 2023)

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What is Best World 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. Best World International's Cost of Goods Sold for the three months ended in Dec. 2023 was S$42.4 Mil. Best World International's Average Total Inventories for the quarter that ended in Dec. 2023 was S$67.0 Mil. Best World International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Best World International's Days Inventory for the three months ended in Dec. 2023 was 144.35.

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. Best World International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Best World International Inventory Turnover Historical Data

The historical data trend for Best World 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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Best World International Inventory Turnover Chart

Best World International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.62

1.32

1.31

1.62

1.87

Best World International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.70	0.33	0.46	0.35	0.63

Best World International Inventory Turnover Calculation

Best World 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 )
=	109.102	/ (	(53.29	+	63.659)	/	2 )
=	109.102	/	58.4745
=	1.87

Best World 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	42.374	/ (	(70.407	+	63.659)	/	2 )
=	42.374	/	67.033
=	0.63

Best World International (SGX:CGN) 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.

Best World International's Days Inventory for the three 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
	=	67.033	/	42.374	*	365 / 4
	=	144.35

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.

Best World 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 )
	=	67.033	/	201.295
	=	0.33

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.

Best World International Inventory Turnover Related Terms

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Best World International (SGX:CGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Best World International Ltd (SGX:CGN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

20 Pasir Panjang Road, No. 08-28 Mapletree Business City, Singapore, SGP, 117439

Website

https://www.bestworld.com.sg

Best World International Ltd is an investment holding company and the distribution of nutritional supplement products, personal care products and healthcare equipment. The company's segment includes Direct selling; Franchise and others. It generates maximum revenue from the Direct selling segment. The Direct selling segment mainly comprises sales to customers through retail and online channels in Singapore, Malaysia, Indonesia, Thailand, Taiwan, Hong Kong, Vietnam, Philippines, Korea, Australia, New Zealand, United States, and United Arab Emirates.

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