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Ni Hsin Group Bhd (XKLS:7215PA.PFD) Inventory-to-Revenue : 2.97 (As of Sep. 2024)


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What is Ni Hsin 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. Ni Hsin Group Bhd's Average Total Inventories for the quarter that ended in Sep. 2024 was RM23.56 Mil. Ni Hsin Group Bhd's Revenue for the three months ended in Sep. 2024 was RM7.95 Mil. Ni Hsin Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.97.

Ni Hsin Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 increased from Jun. 2024 (2.43) to Jun. 2024 (2.97)

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.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ni Hsin Group Bhd's Days Inventory for the three months ended in Sep. 2024 was 365.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ni Hsin Group Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.25.


Ni Hsin Group Bhd Inventory-to-Revenue Historical Data

The historical data trend for Ni Hsin 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.

* Premium members only.

Ni Hsin Group Bhd Inventory-to-Revenue Chart

Ni Hsin Group Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.66 0.80 0.69 0.66 0.77

Ni Hsin 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 4.35 2.39 2.99 2.43 2.97

Competitive Comparison of Ni Hsin Group Bhd's Inventory-to-Revenue

For the Furnishings, Fixtures & Appliances subindustry, Ni Hsin 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.


Ni Hsin Group Bhd's Inventory-to-Revenue Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ni Hsin Group Bhd's Inventory-to-Revenue distribution charts can be found below:

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



Ni Hsin 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.

Ni Hsin Group Bhd's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

Inventory-to-Revenue (A: Dec. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Revenue (A: Dec. 2023 )
=( (23.536 + 20.588) / 2 ) / 28.839
=22.062 / 28.839
=0.77

Ni Hsin 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 )
=( (23.554 + 23.568) / 2 ) / 7.947
=23.561 / 7.947
=2.96

* 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.


Ni Hsin Group Bhd  (XKLS:7215PA.PFD) 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.

Ni Hsin 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
=23.561/5.89*365 / 4
=365.02

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

Ni Hsin 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 )
=5.89 / 23.561
=0.25

* 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.


Ni Hsin Group Bhd Inventory-to-Revenue Related Terms

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Ni Hsin Group Bhd Business Description

Traded in Other Exchanges
Address
45, Jalan Taming Dua, Taman Taming Jaya, Seri Kembangan, SGR, MYS, 43300
Ni Hsin Group Bhd is a manufacturer of premium stainless-steel multi-ply cookware in Malaysia. The business of the company is organized into the following product segments, Cookware, Stainless-steel products, Food and beverages, Logistics services, and Electric vehicles. The products manufactured and sold under the cookware segment include premium multi-ply stainless steel cookware and pressure cookers which are sold locally and exported overseas.

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