Joe Holding Bhd (XKLS:7096) Days Inventory : 72.34 (As of Dec. 2023)

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What is Joe Holding Bhd Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Joe Holding Bhd's Average Total Inventories for the three months ended in Dec. 2023 was RM3.95 Mil. Joe Holding Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM4.98 Mil. Hence, Joe Holding Bhd's Days Inventory for the three months ended in Dec. 2023 was 72.34.

The historical rank and industry rank for Joe Holding Bhd's Days Inventory or its related term are showing as below:

XKLS:7096' s Days Inventory Range Over the Past 10 Years
Min: 69.86 Med: 104.57 Max: 129.27
Current: 94.08

During the past 13 years, Joe Holding Bhd's highest Days Inventory was 129.27. The lowest was 69.86. And the median was 104.57.

XKLS:7096's Days Inventory is ranked worse than
59.51% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 81.845 vs XKLS:7096: 94.08

Joe Holding Bhd's Days Inventory declined from Dec. 2022 (117.56) to Dec. 2023 (72.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. Joe Holding Bhd's Inventory Turnover for the three months ended in Dec. 2023 was 1.26.

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. Joe Holding Bhd's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.

Joe Holding Bhd Days Inventory Historical Data

The historical data trend for Joe Holding Bhd's Days 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.

* Premium members only.

Joe Holding Bhd Days Inventory Chart

Joe Holding Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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69.86

120.21

121.74

105.04

104.09

Joe Holding Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															117.56	122.98	113.15	85.19	72.34

Competitive Comparison of Joe Holding Bhd's Days Inventory

For the Auto Parts subindustry, Joe Holding Bhd's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Joe Holding Bhd's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Joe Holding Bhd's Days Inventory distribution charts can be found below:

* The bar in red indicates where Joe Holding Bhd's Days Inventory falls into.

Joe Holding Bhd Days Inventory Calculation

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

Joe Holding Bhd's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.135	+	5.412)	/	2 )	/	16.738	*	365
=	4.7735					/	16.738	*	365
=	104.09

Joe Holding Bhd's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4.172	+	3.729)	/	2 )	/	4.983	*	365 / 4
=	3.9505					/	4.983	*	365 / 4
=	72.34

Joe Holding Bhd (XKLS:7096) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Joe Holding Bhd's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.983	/	3.9505
	=	1.26

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.

Joe Holding Bhd's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.9505	/	6.43
	=	0.61

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Joe Holding Bhd Days Inventory Related Terms

Thank you for viewing the detailed overview of Joe Holding Bhd's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Joe Holding Bhd (XKLS:7096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Joe Holding Bhd (XKLS:7096) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teratai, Off Jalan Meru, Lot 5031 and 5032, Klang, SGR, MYS, 41050

Website

https://gp-products.com

Joe Holding Bhd is an investment holding company. The company's operating segment includes Automotive batteries; Valve Regulated Lead Acid (VRLA) batteries; Investment holding and others. It generates maximum revenue from the Automotive batteries segment. The Automotive batteries segment is engaged in the manufacture, assembly, and sale of automotive batteries and components. Geographically, it derives a majority of revenue from Malaysia. Valve Regulated Lead Acid batteries segment includes Manufacture, assembly and sales of sealed lead acid batteries. Investment holding segment includes Provision of warehouse storage service. Others includes Glove manufacturing and dormant subsidiary companies.

Joe Holding Bhd (XKLS:7096) Headlines

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