TRC Synergy Bhd (XKLS:5054WA) Inventory Turnover : 2.74 (As of Mar. 2024)

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What is TRC Synergy 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. TRC Synergy Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM84.51 Mil. TRC Synergy Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM30.81 Mil. TRC Synergy Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TRC Synergy Bhd's Days Inventory for the three months ended in Mar. 2024 was 33.27.

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. TRC Synergy Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

TRC Synergy Bhd Inventory Turnover Historical Data

The historical data trend for TRC Synergy 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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TRC Synergy Bhd Inventory Turnover Chart

TRC Synergy Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.96

4.41

5.11

6.68

15.03

TRC Synergy Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.71	6.36	3.54	3.20	2.74

TRC Synergy Bhd Inventory Turnover Calculation

TRC Synergy 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 )
=	633.381	/ (	(53.069	+	31.22)	/	2 )
=	633.381	/	42.1445
=	15.03

TRC Synergy 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 )
=	84.509	/ (	(31.22	+	30.407)	/	2 )
=	84.509	/	30.8135
=	2.74

TRC Synergy Bhd (XKLS:5054WA) 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.

TRC Synergy 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
	=	30.8135	/	84.509	*	365 / 4
	=	33.27

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.

TRC Synergy 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 )
	=	30.8135	/	92.707
	=	0.33

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.

TRC Synergy Bhd Inventory Turnover Related Terms

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TRC Synergy Bhd (XKLS:5054WA) Business Description

Industry

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5054:Malaysia

Address

Jalan Andaman Utama, TRC Business Centre, Ampang, SGR, MYS, 68000

Website

https://www.trc.com.my

TRC Synergy Bhd is an investment holding company. The firm through its subsidiaries engages in construction and property development. The company provides service to general contractors for supplying labor and provision of corporate, administrative, and financial support to its subsidiaries. The construction activity division undertakes construction contracts, sales of construction-related materials, rendering of construction-related services, and others. For property development, the division also ventures into the development of residential properties. The construction activity business contributes the majority of the group profit and the remaining from the property development division.

TRC Synergy Bhd (XKLS:5054WA) Headlines

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