Artroniq Bhd (XKLS:0038) Inventory Turnover

: 5.71 (As of Dec. 2023)

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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. Artroniq Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM11.97 Mil. Artroniq Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM2.10 Mil. Artroniq Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Artroniq Bhd's Days Inventory for the three months ended in Dec. 2023 was 15.97.

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. Artroniq Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Artroniq Bhd Inventory Turnover Historical Data

The historical data trend for Artroniq 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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Artroniq Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

5.12

4.35

4.50

13.22

32.75

Artroniq Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Sep23	Dec23
Inventory Turnover																11.44	7.59	1.53	6.52	5.71

Artroniq Bhd Inventory Turnover Calculation

Artroniq Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	162.626	/ (	(4.966	+	0)	/	1 )
=	162.626	/	4.966
=	32.75

Artroniq 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 )
=	11.971	/ (	(2.092	+	2.099)	/	2 )
=	11.971	/	2.0955
=	5.71

Artroniq Bhd (XKLS:0038) 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.

Artroniq 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
	=	2.0955	/	11.971	*	365 / 4
	=	15.97

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.

Artroniq 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 )
	=	2.0955	/	15.37
	=	0.14

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.

Artroniq Bhd Inventory Turnover Related Terms

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Artroniq Bhd (XKLS:0038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Artroniq Bhd (XKLS:0038) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Jalan Pelukis U1/46B, Kawasan Perindustrian Temasya 18, Glenmarie, Shah Alam, SGR, MYS, 40150

Website

https://www.artroniq.com

Artroniq Bhd is an investment holding company. It operates in five segments: Trading of information and communication technology ('ICT') products; ICT-related services; Finance and investment consultation services; Management services; and Semiconductor. It generates maximum revenue from Trading of ICT products. The company operates in Malaysia, Asia, the Middle East, America, and others.

Artroniq Bhd (XKLS:0038) Headlines

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