GPP Resources Bhd (XKLS:03029) Inventory Turnover : 2.87 (As of Dec. 2023)

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What is GPP Resources 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. GPP Resources Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM17.84 Mil. GPP Resources Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM6.21 Mil. GPP Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GPP Resources Bhd's Days Inventory for the six months ended in Dec. 2023 was 63.49.

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. GPP Resources Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

GPP Resources Bhd Inventory Turnover Historical Data

The historical data trend for GPP Resources 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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GPP Resources Bhd Inventory Turnover Chart

GPP Resources Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

8.63

8.72

5.55

7.88

GPP Resources Bhd Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
Inventory Turnover	Get a 7-Day Free Trial						5.26	7.11	5.35	5.47	2.87

GPP Resources Bhd Inventory Turnover Calculation

GPP Resources 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 )
=	38.135	/ (	(3.472	+	6.207)	/	2 )
=	38.135	/	4.8395
=	7.88

GPP Resources 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: Jun. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17.837	/ (	(9.987	+	2.423)	/	2 )
=	17.837	/	6.205
=	2.87

GPP Resources Bhd (XKLS:03029) 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.

GPP Resources Bhd'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
	=	6.205	/	17.837	*	365 / 2
	=	63.49

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.

GPP Resources 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 )
	=	6.205	/	19.448
	=	0.32

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.

GPP Resources Bhd Inventory Turnover Related Terms

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GPP Resources Bhd (XKLS:03029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GPP Resources Bhd (XKLS:03029) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Jalan Sungai Tiram 1, Ulu Tira, JHR, MYS, 50480

Website

http://www.gppresources.com

GPP Resources Bhd is principally involved in businesses that are related to the use of biomass to produce renewable energy and OPT products. It derives maximum of the revenue from renewable energy. It has three operating segments; Palm oil; Renewable energy plants and energy related facilities; and Manufacturing and Trading. The company earns maximum revenue from Palm oil Segment.

GPP Resources Bhd (XKLS:03029) Headlines

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