Anacle Systems (HKSE:08353) Inventory Turnover : 4.06 (As of Nov. 2023)

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What is Anacle Systems Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Anacle Systems's Cost of Goods Sold for the three months ended in Nov. 2023 was HK$16.6 Mil. Anacle Systems's Average Total Inventories for the quarter that ended in Nov. 2023 was HK$4.1 Mil. Anacle Systems's Inventory Turnover for the quarter that ended in Nov. 2023 was 4.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Anacle Systems's Days Inventory for the three months ended in Nov. 2023 was 22.50.

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. Anacle Systems's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.12.

Anacle Systems Inventory Turnover Historical Data

The historical data trend for Anacle Systems's Inventory Turnover 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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Anacle Systems Inventory Turnover Chart

Anacle Systems Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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10.41

8.90

13.95

16.34

15.58

Anacle Systems Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															3.41	5.10	3.92	4.06	4.80

Anacle Systems Inventory Turnover Calculation

Anacle Systems's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	69.901	/ (	(4.648	+	4.324)	/	2 )
=	69.901	/	4.486
=	15.58

Anacle Systems's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

	Inventory Turnover (Q: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Nov. 2023 )	/ (	(Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )
=	16.612	/ (	(0	+	4.096)	/	1 )
=	16.612	/	4.096
=	4.06

Anacle Systems (HKSE:08353) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Anacle Systems's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	4.096	/	16.612	*	365 / 4
	=	22.50

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.

Anacle Systems's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	4.096	/	33.23
	=	0.12

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Anacle Systems Inventory Turnover Related Terms

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Anacle Systems (HKSE:08353) Business Description

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Address

3 Fusionopolis Way, No. 14-21 Symbiosis, Singapore, SGP, 138633

Website

https://www.anacle.com

Anacle Systems Ltd is a Singapore-based company engaged in software development. It has three operating segments. Simplicity and MyBill segment, which is the key revenue driver, provides specific solutions for enterprise asset management, shared resources management, tenancy management, financial management, supply chain management, customer relationship management and billing management; Starlight segment provides all-time access to the energy profiles of buildings, including information such as energy consumption, power quality, energy analytics, and carbon footprint profiles; and SpaceMonster segment provides an online venue booking platform. Its geographical segments include Singapore, Malaysia, Thailand, China and others, of which the majority of the revenue comes from Singapore.

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