Shin Yang Group Bhd (XKLS:5173) Inventory Turnover : 4.99 (As of Mar. 2024)

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What is Shin Yang Group 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. Shin Yang Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM204.6 Mil. Shin Yang Group Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM41.0 Mil. Shin Yang Group Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Yang Group Bhd's Days Inventory for the three months ended in Mar. 2024 was 18.30.

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. Shin Yang Group Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.16.

Shin Yang Group Bhd Inventory Turnover Historical Data

The historical data trend for Shin Yang Group 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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Shin Yang Group Bhd Inventory Turnover Chart

Shin Yang Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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11.87

10.97

11.85

18.74

21.50

Shin Yang Group 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															4.56	4.87	5.51	5.83	4.99

Shin Yang Group Bhd Inventory Turnover Calculation

Shin Yang Group Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	731.191	/ (	(34.132	+	33.901)	/	2 )
=	731.191	/	34.0165
=	21.50

Shin Yang Group 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 )
=	204.555	/ (	(36.822	+	45.245)	/	2 )
=	204.555	/	41.0335
=	4.99

Shin Yang Group Bhd (XKLS:5173) 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.

Shin Yang Group 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
	=	41.0335	/	204.555	*	365 / 4
	=	18.30

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.

Shin Yang Group 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 )
	=	41.0335	/	252.187
	=	0.16

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.

Shin Yang Group Bhd Inventory Turnover Related Terms

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Shin Yang Group Bhd (XKLS:5173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shin Yang Group Bhd (XKLS:5173) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100

Website

https://www.syshippingcorp.com.my

Shin Yang Group Bhd formerly Shin Yang Shipping Corp Bhd is a shipping company engaged in shipbuilding and shipping services. It has four business segments, shipping, ship repair and fabrication of metal structures segment, domestic and regional shipping segment which generates the majority of revenue, carries out shipping business in coastal and regional routes within Malaysia and the ASEAN region, International shipping segment, Land transportation and hiring services segment, Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance and trading in welding equipment and machinery, and others segment consist of the business of shipping agency. It operates in various countries like Malaysia, Singapore, Netherlands, Japan, Taiwan, and others.

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