Choo Bee Metal Industries Bhd (XKLS:5797) Change In Inventory : RM-44.8 Mil (TTM As of Mar. 2024)

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What is Choo Bee Metal Industries Bhd Change In Inventory?

Choo Bee Metal Industries Bhd's change in inventory for the quarter that ended in Mar. 2024 was RM-30.4 Mil. It means Choo Bee Metal Industries Bhd's inventory increased by RM30.4 Mil from Dec. 2023 to Mar. 2024 .

Choo Bee Metal Industries Bhd's change in inventory for the fiscal year that ended in Dec. 2023 was RM1.7 Mil. It means Choo Bee Metal Industries Bhd's inventory declined by RM1.7 Mil from Dec. 2022 to Dec. 2023 .

Choo Bee Metal Industries Bhd's Total Inventories for the quarter that ended in Mar. 2024 was RM247.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Choo Bee Metal Industries Bhd's Days Inventory for the quarter that ended in Mar. 2024 was 263.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. Choo Bee Metal Industries Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.35.

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. Choo Bee Metal Industries Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.62.

Choo Bee Metal Industries Bhd Change In Inventory Historical Data

The historical data trend for Choo Bee Metal Industries 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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Choo Bee Metal Industries Bhd Change In Inventory Chart

Choo Bee Metal Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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80.19

5.76

-110.00

52.87

1.71

Choo Bee Metal Industries Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															16.11	-34.23	16.27	3.56	-30.36

Choo Bee Metal Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-44.8 Mil.

Choo Bee Metal Industries Bhd (XKLS:5797) Change In Inventory Explanation

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

Choo Bee Metal Industries 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
	=	231.917	/	80.289	*	365 / 4
	=	263.58

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

Choo Bee Metal Industries Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.289	/	231.917
	=	0.35

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.

Choo Bee Metal Industries Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	231.917	/	88.622
	=	2.62

Choo Bee Metal Industries Bhd Change In Inventory Related Terms

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Choo Bee Metal Industries Bhd (XKLS:5797) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Choo Bee Metal Industries Bhd (XKLS:5797) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Jalan Bendahara, Wisma Soon Teik Aun, Ipoh, PRK, MYS, 31650

Website

https://www.choobee.com

Choo Bee Metal Industries Bhd is a Malaysian-based company engaged in the processing of steel coils into steel products, fabrication of steel products, and trading of hardware products. The firm manufactures steel products for oil and gas applications, building and construction industries, trading of hardware products, functioning as beams, channels, mild steel plates, flat bars, angle bars, stainless steel products, and other building materials, as well as provision of steel servicing, such as slitting and shearing of coils. The group is organized into trading and manufacturing segments in which Trading segments derive a majority of its revenue. Geographically, it derives the majority of its revenue from Malaysia.

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