Progressive Impact Bhd (XKLS:7201) Inventory Turnover : 218.08 (As of Mar. 2024)

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What is Progressive Impact 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. Progressive Impact Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM8.29 Mil. Progressive Impact Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM0.04 Mil. Progressive Impact Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 218.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Progressive Impact Bhd's Days Inventory for the three months ended in Mar. 2024 was 0.42.

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. Progressive Impact Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Progressive Impact Bhd Inventory Turnover Historical Data

The historical data trend for Progressive Impact 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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Progressive Impact Bhd Inventory Turnover Chart

Progressive Impact Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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480.00

290.74

295.01

642.67

854.15

Progressive Impact 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															64.63	34.57	35.49	98.80	218.08

Progressive Impact Bhd Inventory Turnover Calculation

Progressive Impact 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 )
=	39.291	/ (	(0.057	+	0.035)	/	2 )
=	39.291	/	0.046
=	854.15

Progressive Impact 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 )
=	8.287	/ (	(0.035	+	0.041)	/	2 )
=	8.287	/	0.038
=	218.08

Progressive Impact Bhd (XKLS:7201) 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.

Progressive Impact 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
	=	0.038	/	8.287	*	365 / 4
	=	0.42

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.

Progressive Impact 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 )
	=	0.038	/	23.062
	=	0.00

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.

Progressive Impact Bhd Inventory Turnover Related Terms

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Progressive Impact Bhd (XKLS:7201) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Progressive Impact Corp Bhd (XKLS:7201) » Definitions » Inventory Turnover

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Address

Lot 10, Jalan Astaka U8/84, Suite 5.02, Mercu PICORP, Bukit Jelutong, Shah Alam, SGR, MYS, 40150

Website

https://www.picorp.com.my

Progressive Impact Corp Bhd is a Malaysia-based investment company engaged in the provision of environmental consulting and monitoring, monitoring systems integration, ocean data monitoring, laboratory testing services, and wastewater treatment and solution. The group's business segments are Environmental consultancy and monitoring services that provide environmental-related services, Laboratory testing services that offer chemical testing, consultancy, and other related services, and Wastewater treatment and solutions engaged in the provision of sewerage and solid waste management systems. It operates in Malaysia, Indonesia, and Saudi Arabia, and generates its key revenue from Malaysia.

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