K. Seng Seng Bhd (XKLS:5192) Inventory Turnover : 1.24 (As of Mar. 2024)

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What is K. Seng Seng 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. K. Seng Seng Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM85.7 Mil. K. Seng Seng Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM68.8 Mil. K. Seng Seng Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. K. Seng Seng Bhd's Days Inventory for the three months ended in Mar. 2024 was 73.33.

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. K. Seng Seng Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

K. Seng Seng Bhd Inventory Turnover Historical Data

The historical data trend for K. Seng Seng 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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K. Seng Seng Bhd Inventory Turnover Chart

K. Seng Seng Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.63

1.55

1.84

2.17

2.90

K. Seng Seng 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															0.49	0.56	0.69	1.08	1.24

K. Seng Seng Bhd Inventory Turnover Calculation

K. Seng Seng 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 )
=	220.873	/ (	(80.971	+	71.392)	/	2 )
=	220.873	/	76.1815
=	2.90

K. Seng Seng 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 )
=	85.674	/ (	(71.392	+	66.305)	/	2 )
=	85.674	/	68.8485
=	1.24

K. Seng Seng Bhd (XKLS:5192) 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.

K. Seng Seng 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
	=	68.8485	/	85.674	*	365 / 4
	=	73.33

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.

K. Seng Seng 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 )
	=	68.8485	/	96.412
	=	0.71

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.

K. Seng Seng Bhd Inventory Turnover Related Terms

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K. Seng Seng Bhd (XKLS:5192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » K. Seng Seng Corp Bhd (XKLS:5192) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 3707, Jalan 7/5, Taman Industri Selesa Jaya, Balakong, SGR, MYS, 43300

Website

https://www.kssc.com.my

K. Seng Seng Corp Bhd is an investment holding company. It operates through the segments of Stainless steel and metal-related products; Marine hardware and consumables, Other industrial hardware, Investment holding, and Engineering works. The group has a business presence in Malaysia and other countries. The key revenue is derived from the Stainless Steel and metal-related products segment which involves the manufacture and sales of stainless steel tubes and pipes; and the processing of stainless steel sheets products.

K. Seng Seng Bhd (XKLS:5192) Headlines

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