AGV Group (SGX:1A4) Inventory Turnover : 0.50 (As of Jun. 2021)

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What is AGV Group 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. AGV Group's Cost of Goods Sold for the three months ended in Jun. 2021 was S$1.56 Mil. AGV Group's Average Total Inventories for the quarter that ended in Jun. 2021 was S$3.13 Mil. AGV Group's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AGV Group's Days Inventory for the three months ended in Jun. 2021 was 183.03.

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. AGV Group's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.84.

AGV Group Inventory Turnover Historical Data

The historical data trend for AGV Group'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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AGV Group Inventory Turnover Chart

AGV Group Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Inventory Turnover

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1.50

3.83

3.32

2.02

2.13

AGV Group Quarterly Data
	Sep13	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21
Inventory Turnover	Get a 7-Day Free Trial												-	0.12	0.45	-	0.50

AGV Group Inventory Turnover Calculation

AGV Group's Inventory Turnover for the fiscal year that ended in Sep. 2020 is calculated as

	Inventory Turnover (A: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2020 )	/ (	(Total Inventories (A: Sep. 2019 )	+	Total Inventories (A: Sep. 2020 ))	/	count )
=	4.458	/ (	(2.276	+	1.914)	/	2 )
=	4.458	/	2.095
=	2.13

AGV Group's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	1.558	/ (	(3.105	+	3.145)	/	2 )
=	1.558	/	3.125
=	0.50

AGV Group (SGX:1A4) 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.

AGV Group's Days Inventory for the three months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	3.125	/	1.558	*	365 / 4
	=	183.03

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.

AGV Group's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	3.125	/	3.725
	=	0.84

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.

AGV Group Inventory Turnover Related Terms

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AGV Group (SGX:1A4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AGV Group Ltd (SGX:1A4) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

22 Benoi Road, Singapore, SGP, 629892

Website

http://www.agvgroup.com.sg

AGV Group Ltd is an investment holding company, which engages in galvanizing business. It offers hot-dip galvanized services to the steel and iron fabrication industries in Singapore. It supports a range of customers in the field of the public sector and transport sectors. The company also engages in consultation and contract works relating to galvanization. The group operates in two geographical areas, being Singapore and Malaysia. Majority of the firm's revenue gets derived from Singapore.

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