Beng Kuang Marine (SGX:BEZ) Inventory Turnover : 30.67 (As of Dec. 2024)

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What is Beng Kuang Marine 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. Beng Kuang Marine's Cost of Goods Sold for the six months ended in Dec. 2024 was S$34.5 Mil. Beng Kuang Marine's Average Total Inventories for the quarter that ended in Dec. 2024 was S$1.1 Mil. Beng Kuang Marine's Inventory Turnover for the quarter that ended in Dec. 2024 was 30.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Beng Kuang Marine's Days Inventory for the six months ended in Dec. 2024 was 5.95.

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. Beng Kuang Marine's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.02.

Beng Kuang Marine Inventory Turnover Historical Data

The historical data trend for Beng Kuang Marine'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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Beng Kuang Marine Inventory Turnover Chart

Beng Kuang Marine Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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9.71

10.41

13.43

20.04

47.89

Beng Kuang Marine Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															6.39	7.18	12.07	24.41	30.67

Beng Kuang Marine Inventory Turnover Calculation

Beng Kuang Marine's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	73.15	/ (	(1.987	+	1.068)	/	2 )
=	73.15	/	1.5275
=	47.89

Beng Kuang Marine's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	34.486	/ (	(1.181	+	1.068)	/	2 )
=	34.486	/	1.1245
=	30.67

Beng Kuang Marine (SGX:BEZ) 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.

Beng Kuang Marine's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1.1245	/	34.486	*	365 / 2
	=	5.95

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.

Beng Kuang Marine's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1.1245	/	51.963
	=	0.02

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.

Beng Kuang Marine Inventory Turnover Related Terms

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Beng Kuang Marine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beng Kuang Marine Ltd (SGX:BEZ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2 Venture Drive, No. 14-15, Vision Exchange, Singapore, SGP, 608526

Website

https://www.bkmgroup.com.sg

Beng Kuang Marine Ltd is engaged in the provision of corrosion prevention services relating to the repair of ships, tankers and other ocean-going vessels and investment holding. The company operates through the following segments: Infrastructure Engineering, Corrosion Prevention, Corporate Services, and Others segment. A majority of the company's revenue is generated from the Infrastructure Engineering segment which relates to the provision of a wide range of engineering services including repairs and maintenance of floating production platforms, onshore and offshore marine fabrications, and the production and supply of customized pedestal cranes and deck equipment.

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