KKB Engineering Bhd (XKLS:9466) Inventory Turnover : 2.82 (As of Dec. 2023)

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What is KKB Engineering 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. KKB Engineering Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM140.3 Mil. KKB Engineering Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM49.7 Mil. KKB Engineering Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KKB Engineering Bhd's Days Inventory for the three months ended in Dec. 2023 was 32.32.

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. KKB Engineering Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

KKB Engineering Bhd Inventory Turnover Historical Data

The historical data trend for KKB Engineering 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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KKB Engineering Bhd Inventory Turnover Chart

KKB Engineering Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.54

5.93

7.09

7.08

7.75

KKB Engineering Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.27	0.93	1.46	2.32	2.82

KKB Engineering Bhd Inventory Turnover Calculation

KKB Engineering 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 )
=	384.369	/ (	(47.656	+	51.505)	/	2 )
=	384.369	/	49.5805
=	7.75

KKB Engineering 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 )
=	140.286	/ (	(47.88	+	51.505)	/	2 )
=	140.286	/	49.6925
=	2.82

KKB Engineering Bhd (XKLS:9466) 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.

KKB Engineering 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
	=	49.6925	/	140.286	*	365 / 4
	=	32.32

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.

KKB Engineering 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 )
	=	49.6925	/	166.063
	=	0.30

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.

KKB Engineering Bhd Inventory Turnover Related Terms

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KKB Engineering Bhd (XKLS:9466) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KKB Engineering Bhd (XKLS:9466) » Definitions » Inventory Turnover

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Address

Bintawa Industrial Estate, Lot 865, Section 66, Jalan Kilang, Kuching, SWK, MYS, 93450

Website

https://www.kkbeb.com.my

KKB Engineering Bhd is a Malaysia-based company engaged in steel fabrication; civil construction; hot-dip galvanizing; the manufacturing of liquefied petroleum gas (LPG) cylinders; structural steel fabrication for oil & gas facilities; and manufacturing and trading of steel pipes and pipe specials. It operates through two segments namely Engineering and construction; and Manufacturing sectors. The Engineering and construction segment includes civil engineering works and construction, steel fabrication, and hot-dip galvanizing. The Manufacturing segment manufactures LPG cylinders, steel pipes, and related products. It generates a vast majority of its revenue from the engineering and construction segment.

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