Asian Micro Holdings (SGX:585) Inventory Turnover : 1.00 (As of Dec. 2023)

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What is Asian Micro Holdings 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. Asian Micro Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was S$1.62 Mil. Asian Micro Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was S$1.62 Mil. Asian Micro Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asian Micro Holdings's Days Inventory for the six months ended in Dec. 2023 was 183.40.

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. Asian Micro Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

Asian Micro Holdings Inventory Turnover Historical Data

The historical data trend for Asian Micro Holdings'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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Asian Micro Holdings Inventory Turnover Chart

Asian Micro Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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1.91

1.60

1.61

2.03

1.48

Asian Micro Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.98	0.99	0.75	0.72	1.00

Asian Micro Holdings Inventory Turnover Calculation

Asian Micro Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	2.36	/ (	(1.631	+	1.558)	/	2 )
=	2.36	/	1.5945
=	1.48

Asian Micro Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1.615	/ (	(1.558	+	1.688)	/	2 )
=	1.615	/	1.623
=	1.00

Asian Micro Holdings (SGX:585) 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.

Asian Micro Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1.623	/	1.615	*	365 / 2
	=	183.40

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.

Asian Micro Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1.623	/	2.068
	=	0.78

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.

Asian Micro Holdings Inventory Turnover Related Terms

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Asian Micro Holdings (SGX:585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Asian Micro Holdings Ltd (SGX:585) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Hillview Avenue, No. 08-01 Lam Soon Industrial Building, Singapore, SGP, 669569

Website

http://www.asianmicro.com.sg

Asian Micro Holdings Ltd provides Compressed Natural Gas supply and related products and services. The company's Compressed Natural Gas supply is used for storing and transporting Compressed Natural Gas to local industries for gas cutting, heat treatment, and power generation. It is used for powering natural gas engines and off-the-road vehicles. It provides services to oil and gas, marine and offshore, aviation, shipyard, and manufacturing industries. The company also provides cleanroom-grade plastic packaging bags and materials for packaging cleaned finished products in the hard disk drive and semiconductor industries. Its segments include Manufacturing and trading, Corporate, Property business, and Natural Gas Vehicle-related business.

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