Homeritz Bhd (XKLS:5160) Inventory Turnover : 0.00 (As of Feb. 2024)

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What is Homeritz 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. Homeritz Bhd's Cost of Goods Sold for the three months ended in Feb. 2024 was RM0.0 Mil. Homeritz Bhd's Average Total Inventories for the quarter that ended in Feb. 2024 was RM36.5 Mil. Homeritz Bhd's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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. Homeritz Bhd's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.63.

Homeritz Bhd Inventory Turnover Historical Data

The historical data trend for Homeritz 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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Homeritz Bhd Inventory Turnover Chart

Homeritz Bhd Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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2.78

2.58

1.78

2.78

2.24

Homeritz Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Homeritz Bhd Inventory Turnover Calculation

Homeritz Bhd's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	73.913	/ (	(32.299	+	33.714)	/	2 )
=	73.913	/	33.0065
=	2.24

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

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0	/ (	(36.469	+	36.598)	/	2 )
=	0	/	36.5335
=	0.00

Homeritz Bhd (XKLS:5160) 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.

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

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	36.5335	/	0	*	365 / 4
	=

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	36.5335	/	57.571
	=	0.63

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.

Homeritz Bhd Inventory Turnover Related Terms

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Homeritz Bhd (XKLS:5160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Homeritz Corp Bhd (XKLS:5160) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 8726, PTD 6023, Batu 8, Kawasan Perindustrian Bukit Bakri, Muar, JHR, MYS, 84200

Website

http://www.homeritzcorp.com

Homeritz Corp Bhd an investment holding company, designs, manufactures and sells upholstery furniture products. The company provides upholstery home furniture products consisting of leather and fabric-based sofas, dining chairs, and bed frames; and lifestyle furniture products under the Eritz brand. It is also involved in property investment activities and the design, manufacture, and sale of furniture and furniture parts. The company's majority revenue comes from Asia and the Asia Pacific region (excluding Malaysia).

Homeritz Bhd (XKLS:5160) Headlines

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