Green Ocean Bhd (XKLS:0074) Inventory Turnover : 1.28 (As of Dec. 2023)

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What is Green Ocean Bhd 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. Green Ocean Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM2.17 Mil. Green Ocean Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM1.69 Mil. Green Ocean Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Ocean Bhd's Days Inventory for the three months ended in Dec. 2023 was 71.10.

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. Green Ocean Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.71.

Green Ocean Bhd Inventory Turnover Historical Data

The historical data trend for Green Ocean Bhd'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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Green Ocean Bhd Inventory Turnover Chart

Green Ocean Bhd Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Jun21

Inventory Turnover

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139.46

169.90

28.31

30.67

5.46

Green Ocean Bhd Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.58	1.57	1.98	1.84	1.28

Green Ocean Bhd Inventory Turnover Calculation

Green Ocean Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Mar. 2019 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	36.072	/ (	(13.132	+	0.081)	/	2 )
=	36.072	/	6.6065
=	5.46

Green Ocean Bhd'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: Mar. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.169	/ (	(1.069	+	2.311)	/	2 )
=	2.169	/	1.69
=	1.28

Green Ocean Bhd (XKLS:0074) 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.

Green Ocean Bhd'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
	=	1.69	/	2.169	*	365 / 4
	=	71.10

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.

Green Ocean Bhd'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 )
	=	1.69	/	2.377
	=	0.71

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.

Green Ocean Bhd Inventory Turnover Related Terms

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Green Ocean Bhd (XKLS:0074) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Green Ocean Corp Bhd (XKLS:0074) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kapar, Lot 742, 4th Mile, Klang, SGR, MYS, 42100

Website

http://www.greenoceancorp.com

Green Ocean Corp Bhd is an investment holding company. The company through its subsidiaries is involved in palm kernel crushing, refining of palm oil and palm kernel oil, trading of refined palm oil products, and general trading in biotech and renewable energy.

Green Ocean Bhd (XKLS:0074) Headlines

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