Rex International Holding (STU:RXI) Inventory Turnover : 3.65 (As of Dec. 2023)

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What is Rex International Holding 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. Rex International Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was €77.7 Mil. Rex International Holding's Average Total Inventories for the quarter that ended in Dec. 2023 was €21.3 Mil. Rex International Holding's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rex International Holding's Days Inventory for the six months ended in Dec. 2023 was 50.01.

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. Rex International Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Rex International Holding Inventory Turnover Historical Data

The historical data trend for Rex International Holding'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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Rex International Holding Inventory Turnover Chart

Rex International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.01

6.84

8.74

6.66

Rex International Holding 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															2.99	6.19	3.81	5.39	3.65

Rex International Holding Inventory Turnover Calculation

Rex International Holding'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 )
=	144.805	/ (	(12.964	+	30.51)	/	2 )
=	144.805	/	21.737
=	6.66

Rex International Holding'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 )
=	77.702	/ (	(12.075	+	30.51)	/	2 )
=	77.702	/	21.2925
=	3.65

Rex International Holding (STU:RXI) 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.

Rex International Holding'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
	=	21.2925	/	77.702	*	365 / 2
	=	50.01

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.

Rex International Holding'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 )
	=	21.2925	/	91.791
	=	0.23

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.

Rex International Holding Inventory Turnover Related Terms

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Rex International Holding (STU:RXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rex International Holding Ltd (STU:RXI) » Definitions » Inventory Turnover

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Traded in Other Exchanges

REXHF:USA 5WH:Singapore

Address

1 George Street No. 14-01, Singapore, SGP, 049145

Website

https://www.rexih.com

Rex International Holding Ltd is a Singapore-based oil exploration and production company. It operates through three business segments namely Oil and Gas, Non-Oil and Gas, and Corporate. The Oil and Gas segment is involved in oil and gas exploration and production with concessions located in Oman, and Norway. The Non-Oil and Gas segment relates to technology for commercial oil well stimulation. The Corporate segment covers the administration functions of the company. The majority of the company's revenue comes from the Oil and Gas segment.