Go Innovate Asia Bhd (XKLS:03028) Change In Inventory : RM-19 Mil (TTM As of Jun. 2024)

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What is Go Innovate Asia Bhd Change In Inventory?

Go Innovate Asia Bhd's change in inventory for the quarter that ended in Jun. 2024 was RM-28 Mil. It means Go Innovate Asia Bhd's inventory increased by RM28 Mil from Dec. 2023 to Jun. 2024 .

Go Innovate Asia Bhd's change in inventory for the fiscal year that ended in Dec. 2023 was RM0 Mil. It means Go Innovate Asia Bhd's inventory declined by RM0 Mil from Dec. 2022 to Dec. 2023 .

Go Innovate Asia Bhd's Total Inventories for the quarter that ended in Jun. 2024 was RM46 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Go Innovate Asia Bhd's Days Inventory for the quarter that ended in Jun. 2024 was 6.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 26.65.

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. Go Innovate Asia Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

Go Innovate Asia Bhd Change In Inventory Historical Data

The historical data trend for Go Innovate Asia Bhd's Change In Inventory 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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Go Innovate Asia Bhd Change In Inventory Chart

Go Innovate Asia Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1.47

-6.97

-9.65

0.23

0.25

Go Innovate Asia Bhd Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Change In Inventory	Get a 7-Day Free Trial								-2.66	2.89	-8.50	8.75	-28.22

Go Innovate Asia Bhd Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was RM-19 Mil.

Go Innovate Asia Bhd (XKLS:03028) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Go Innovate Asia Bhd's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	32.3885	/	863.182	*	365 / 2
	=	6.85

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	863.182	/	32.3885
	=	26.65

3. 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.

Go Innovate Asia Bhd's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32.3885	/	875.388
	=	0.04

Go Innovate Asia Bhd Change In Inventory Related Terms

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Go Innovate Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Go Innovate Asia Bhd (XKLS:03028) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19-1, Jalan USJ 10/1D, Subang Jaya, Kuala Lumpur, SGR, MYS, 47620

Website

https://www.ace2u.com

Go Innovate Asia Bhd Formerly Ace Innovate Asia Bhd is a gold bullion trader based in Malaysia. The company trades in physical gold products such as scrap gold bars, cast gold bars and minted gold bars. It is also involved in assaying services as well as participate as a market maker for Bursa Malaysia Derivatives Gold Futures Contract and PT Bursa Komoditi dan Derivatif Indonesia. Its segments include Bullion trading of physical gold products and Provision of related products and services.

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