Volcano Bhd (XKLS:0232) Inventory Turnover : 0.64 (As of Mar. 2024)

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What is Volcano 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. Volcano Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM12.20 Mil. Volcano Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM19.09 Mil. Volcano Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Volcano Bhd's Days Inventory for the three months ended in Mar. 2024 was 142.78.

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. Volcano Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.11.

Volcano Bhd Inventory Turnover Historical Data

The historical data trend for Volcano 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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Volcano Bhd Inventory Turnover Chart

Volcano Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Inventory Turnover

2.59

2.57

2.38

Volcano Bhd Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									0.52	0.54	0.68	0.59	0.64

Volcano Bhd Inventory Turnover Calculation

Volcano Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	37.388	/ (	(14.889	+	16.5)	/	2 )
=	37.388	/	15.6945
=	2.38

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	12.199	/ (	(19.318	+	18.857)	/	2 )
=	12.199	/	19.0875
=	0.64

Volcano Bhd (XKLS:0232) 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.

Volcano Bhd's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	19.0875	/	12.199	*	365 / 4
	=	142.78

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	19.0875	/	17.169
	=	1.11

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.

Volcano Bhd Inventory Turnover Related Terms

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Volcano Bhd (XKLS:0232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Volcano Bhd (XKLS:0232) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1411 Jalan Perusahaan Kawasan, Perusahaan Perai 1, Butterworth, Perai, PNG, MYS, 13600

Website

https://www.volcano.com.my

Volcano Bhd is a manufacturer of parts and components including metal and non-metal nameplates and plastic injection moulded parts. Geographically the company's manufacturing facilities is located in Malaysia and Thailand to serve multinational customers across various industries such as electrical and electronic, automotive, food, furniture, aerospace and label industries. The company operates in Malaysia, Singapore, Thailand, Indonesia, China, USA and other countries. It earns majority of its revenue from Thailand.

Volcano Bhd (XKLS:0232) Headlines

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