Mst Golf group Bhd (XKLS:5316) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is Mst Golf 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. Mst Golf group Bhd's Cost of Goods Sold for the six months ended in Dec. 2023 was RM182.5 Mil. Mst Golf group Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM132.1 Mil. Mst Golf group Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mst Golf group Bhd's Days Inventory for the six months ended in Dec. 2023 was 132.10.

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. Mst Golf group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Mst Golf group Bhd Inventory Turnover Historical Data

The historical data trend for Mst Golf 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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Mst Golf group Bhd Inventory Turnover Chart

Mst Golf group Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.66

1.80

2.00

1.83

1.38

Mst Golf group Bhd Semi-Annual Data
	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	1.66	1.80	2.00	1.83	1.38

Mst Golf group Bhd Inventory Turnover Calculation

Mst Golf group 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 )
=	182.502	/ (	(113.567	+	150.636)	/	2 )
=	182.502	/	132.1015
=	1.38

Mst Golf group 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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	182.502	/ (	(113.567	+	150.636)	/	2 )
=	182.502	/	132.1015
=	1.38

Mst Golf group Bhd (XKLS:5316) 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.

Mst Golf group 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
	=	132.1015	/	182.502	*	365 / 2
	=	132.10

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.

Mst Golf group 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 )
	=	132.1015	/	325.431
	=	0.41

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.

Mst Golf group Bhd Inventory Turnover Related Terms

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Mst Golf group Bhd (XKLS:5316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mst Golf group Bhd (XKLS:5316) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan SS 13/5, MST Golf Plaza, Subang Jaya, SGR, MYS, 47500

Website

https://www.mstgolfgroup.com

Mst Golf group Bhd is principally an investment holding company whilst its Subsidiaries are principally engaged in the specialty retail and wholesale of golf equipment comprising golf clubs, golf balls and accessories and golf apparel in Malaysia and Singapore. In addition, the company also offers golf-related services including golf coaching, rental of golf equipment mainly golf clubs and golf accessories at its pro shops at golf and country clubs and supply of range balls for use at the driving range that it operates, event management and planning for golf tournament-related events as well as operating indoor golf centers.

Mst Golf group Bhd (XKLS:5316) Headlines

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