Spindex Industries (SGX:564) Inventory Turnover: 2.40 (As of Jun. 2025)

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SGX:564 Spindex Industries Ltd SGX:564
68 GF Score
Price S$1.42
GF Value S$0.88
! 9 Warning Signs
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What is Spindex Industries Inventory Turnover?

Spindex Industries SGX:564 68 Inventory Turnover is 2.40 as of Jun. 2025. GuruFocus rates SGX:564 with a GF Score™ of 68/100 and a GF Value™ of S$0.88. The stock has 9 warning signs investors should review.

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. Spindex Industries's Cost of Goods Sold for the six months ended in Jun. 2025 was S$69.1 Mil. Spindex Industries's Average Total Inventories for the quarter that ended in Jun. 2025 was S$28.8 Mil. Spindex Industries's Inventory Turnover for the quarter that ended in Jun. 2025 was 2.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spindex Industries's Days Inventory for the six months ended in Jun. 2025 was 76.04.

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. Spindex Industries's Inventory-to-Revenue for the quarter that ended in Jun. 2025 was 0.32.


Spindex Industries  (SGX:564) 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.

Spindex Industries's Days Inventory for the six months ended in Jun. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2025 )/Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=28.79/69.097*365 / 2
=76.04

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.

Spindex Industries's Inventory to Revenue for the quarter that ended in Jun. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2025 ) / Revenue (Q: Jun. 2025 )
=28.79 / 88.685
=0.32

* 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.


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.


Spindex Industries Inventory Turnover Related Terms


Spindex Industries Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Spindex Industries'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.

Spindex Industries Inventory Turnover Chart

Spindex Industries Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.92 4.07 4.25 4.81 4.90

Spindex Industries Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Inventory Turnover 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 2.27 2.43 2.45 2.53 2.40
SGX:564
68GF Score
Spindex Industries Ltd SGX:564
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Spindex Industries Inventory Turnover Calculation

Spindex Industries's Inventory Turnover for the fiscal year that ended in Jun. 2025 is calculated as

Inventory Turnover (A: Jun. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Jun. 2025 ) / ((Total Inventories (A: Jun. 2024 ) + Total Inventories (A: Jun. 2025 )) / count )
=142.629 / ((29.445 + 28.792) / 2 )
=142.629 / 29.1185
=4.90

Spindex Industries's Inventory Turnover for the quarter that ended in Jun. 2025 is calculated as

Inventory Turnover (Q: Jun. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2025 ) / ((Total Inventories (Q: Dec. 2024 ) + Total Inventories (Q: Jun. 2025 )) / count )
=69.097 / ((28.788 + 28.792) / 2 )
=69.097 / 28.79
=2.40

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.40 mean?
Spindex Industries (SGX:564) has a Inventory Turnover of 2.40 as of Jun. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Spindex Industries and its competitors.
Is Spindex Industries' Inventory Turnover too high?
Spindex Industries' current Inventory Turnover is 2.40. Overall, Spindex Industries has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Spindex Industries' Inventory Turnover compare to SNA and RBC?
Spindex Industries' Inventory Turnover of 2.40 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Spindex Industries and its competitors. Spindex Industries's current Inventory Turnover is 2.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindex Industries stock overvalued right now?
Spindex Industries (SGX:564) has a current Inventory Turnover of 2.40. The stock's GF Value™ is S$0.88, compared to a current price of S$1.42 — trading 61.4% above its estimated fair value. The current Inventory Turnover is 2.40. Spindex Industries' overall GF Score™ is 68/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Spindex Industries (SGX:564), the current Inventory Turnover is 2.40 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spindex Industries (SGX:564) Overvalued in 2026?

Based on GuruFocus' analysis, Spindex Industries stock appears to be overvalued. The current stock price of S$1.42 is trading 61.4% above its estimated GF Value™ of S$0.88.

Key valuation signals for SGX:564:

  • Inventory Turnover: 2.40
  • GF Value™: S$0.88 vs. price of S$1.42 (61.4% above fair value)
  • GF Score™: 68/100 with 9 warning signs

No single metric tells the full story. See the SGX:564 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spindex Industries Business Description

Address 8 Boon Lay Way, No. 10-03, 8 TradeHub 21, Singapore, SGP, 609964
Spindex Industries Ltd is a manufacturer, importer, exporter, and dealer of mechanical, electrical, and electronic parts. The company's operating segment includes Imaging and printing; Machinery and automotive systems; and Consumer product and others. It generates maximum revenue from the Machinery and automotive systems segment. Geographically, it derives a majority of its revenue from the USA, Europe and others and also has a presence in Singapore; ASEAN, and China.
68GF Score

Get the complete analysis for SGX:564

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

S$1.42
Price
S$0.88
GF Value