Evergreen Max Cash Capital Bhd (XKLS:0286) Inventory Turnover : 7.97 (As of Mar. 2024)

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What is Evergreen Max Cash Capital 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. Evergreen Max Cash Capital Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM17.43 Mil. Evergreen Max Cash Capital Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM2.19 Mil. Evergreen Max Cash Capital Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evergreen Max Cash Capital Bhd's Days Inventory for the three months ended in Mar. 2024 was 11.44.

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. Evergreen Max Cash Capital Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Evergreen Max Cash Capital Bhd Inventory Turnover Historical Data

The historical data trend for Evergreen Max Cash Capital 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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Evergreen Max Cash Capital Bhd Inventory Turnover Chart

Evergreen Max Cash Capital Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

316.50

35.26

18.77

19.88

49.32

Evergreen Max Cash Capital Bhd Quarterly Data
	Dec19	Dec20	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				23.29	30.52	9.73	7.88	7.97

Evergreen Max Cash Capital Bhd Inventory Turnover Calculation

Evergreen Max Cash Capital Bhd'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 )
=	65.001	/ (	(0.648	+	1.988)	/	2 )
=	65.001	/	1.318
=	49.32

Evergreen Max Cash Capital 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 )
=	17.426	/ (	(1.988	+	2.383)	/	2 )
=	17.426	/	2.1855
=	7.97

Evergreen Max Cash Capital Bhd (XKLS:0286) 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.

Evergreen Max Cash Capital 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
	=	2.1855	/	17.426	*	365 / 4
	=	11.44

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.

Evergreen Max Cash Capital 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 )
	=	2.1855	/	26.954
	=	0.08

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.

Evergreen Max Cash Capital Bhd Inventory Turnover Related Terms

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Evergreen Max Cash Capital Bhd (XKLS:0286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Evergreen Max Cash Capital Bhd (XKLS:0286) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Lima Off, Jalan Chan Sow Lin, Lot 11-10, Level 11, Wisma Trax, Wilayah Persekutuan, Kuala Lumpur, MYS, 55200

Website

https://www.emc.capital

Evergreen Max Cash Capital Bhd is an investment holding company that operates through its subsidiaries. The Group is principally involved in the provision of pawnbroking services. It is also involved in the business of retail and trading of gold and other products as well as provision of pawnbroking consultancy services and IT solutions to third-party pawnbrokers.

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