Fitters Diversified Bhd (XKLS:9318) Inventory Turnover : 0.80 (As of Dec. 2023)

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What is Fitters Diversified 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. Fitters Diversified Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM66.3 Mil. Fitters Diversified Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM82.7 Mil. Fitters Diversified Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fitters Diversified Bhd's Days Inventory for the three months ended in Dec. 2023 was 113.71.

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. Fitters Diversified Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.12.

Fitters Diversified Bhd Inventory Turnover Historical Data

The historical data trend for Fitters Diversified 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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Fitters Diversified Bhd Inventory Turnover Chart

Fitters Diversified Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Mar23

Inventory Turnover

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1.94

2.20

1.72

1.65

3.72

Fitters Diversified Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.97	0.95	0.67	0.75	0.80

Fitters Diversified Bhd Inventory Turnover Calculation

Fitters Diversified Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	382.772	/ (	(120.73	+	85.111)	/	2 )
=	382.772	/	102.9205
=	3.72

Fitters Diversified 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	66.334	/ (	(83.053	+	82.268)	/	2 )
=	66.334	/	82.6605
=	0.80

Fitters Diversified Bhd (XKLS:9318) 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.

Fitters Diversified Bhd's Days Inventory for the three 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
	=	82.6605	/	66.334	*	365 / 4
	=	113.71

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.

Fitters Diversified 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 )
	=	82.6605	/	74.076
	=	1.12

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.

Fitters Diversified Bhd Inventory Turnover Related Terms

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Fitters Diversified Bhd (XKLS:9318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Fitters Diversified Bhd (XKLS:9318) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1, Jalan Tembaga SD 5/2, Bandar Sri Damansara, Wisma FITTERS, Kuala Lumpur, SGR, MYS, 52200

Website

http://www.fittersgroup.com

Fitters Diversified Bhd manufactures and trades safety, firefighting equipment, and industrial products, and installs a Computerised Fire Alarm Monitoring System. Its segments include Fire services; Property development and construction; Renewable and waste-to-energy and green palm oil mill; HYPRO PVC-O pipes manufacturing and distribution and Investment holding. Its geographical segments include Malaysia and Singapore, of which a majority of the revenue is generated within Malaysia.

Fitters Diversified Bhd (XKLS:9318) Headlines

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