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Nova Wellness Group Bhd (XKLS:0201) Inventory-to-Revenue : 2.04 (As of Sep. 2024)


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What is Nova Wellness Group Bhd Inventory-to-Revenue?

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. Nova Wellness Group Bhd's Average Total Inventories for the quarter that ended in Sep. 2024 was RM21.75 Mil. Nova Wellness Group Bhd's Revenue for the three months ended in Sep. 2024 was RM10.64 Mil. Nova Wellness Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.04.

Nova Wellness Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 declined from Jun. 2024 (2.20) to Jun. 2024 (2.04)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nova Wellness Group Bhd's Days Inventory for the three months ended in Sep. 2024 was 421.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nova Wellness Group Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.22.


Nova Wellness Group Bhd Inventory-to-Revenue Historical Data

The historical data trend for Nova Wellness Group Bhd's Inventory-to-Revenue 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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Nova Wellness Group Bhd Inventory-to-Revenue Chart

Nova Wellness Group Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.27 0.31 0.35 0.47 0.55

Nova Wellness Group Bhd Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.17 2.22 2.27 2.20 2.04

Competitive Comparison of Nova Wellness Group Bhd's Inventory-to-Revenue

For the Packaged Foods subindustry, Nova Wellness Group Bhd's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.


Nova Wellness Group Bhd's Inventory-to-Revenue Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Nova Wellness Group Bhd's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Nova Wellness Group Bhd's Inventory-to-Revenue falls into.



Nova Wellness Group Bhd Inventory-to-Revenue Calculation

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.

Nova Wellness Group Bhd's Inventory-to-Revenue for the fiscal year that ended in Jun. 2024 is calculated as

Inventory-to-Revenue (A: Jun. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Jun. 2023 ) + Total Inventories (A: Jun. 2024 )) / count ) / Revenue (A: Jun. 2024 )
=( (22.862 + 21.659) / 2 ) / 40.837
=22.2605 / 40.837
=0.55

Nova Wellness Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue (Q: Sep. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Revenue (Q: Sep. 2024 )
=( (21.659 + 21.846) / 2 ) / 10.64
=21.7525 / 10.64
=2.04

* 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.


Nova Wellness Group Bhd  (XKLS:0201) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Nova Wellness Group Bhd's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=21.7525/4.708*365 / 4
=421.60

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

Nova Wellness Group Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Sep. 2024 ) / Average Total Inventories (Q: Sep. 2024 )
=4.708 / 21.7525
=0.22

* 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.


Nova Wellness Group Bhd Inventory-to-Revenue Related Terms

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Nova Wellness Group Bhd Business Description

Traded in Other Exchanges
N/A
Address
Lot 708, Nova Avenue, Sepang, Sungai Pelek, SGR, MYS, 43950
Nova Wellness Group Bhd is engaged in development, production and sale of nutraceutical products and skincare products and providing contact manufacture of nutraceutical products. Natural Supplements, Nova Kids, Nutritional Products, Health Foods, Medical Nutrition, Personal Care, Personal Protection, Gift Of Health and Aromatherapy. The company operates into two segments; House-brand products segment and contract manufacturing and service segment. Maximum revenue is generated from House-brand products segment.

Nova Wellness Group Bhd Headlines

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