Sin Heng Heavy Machinery (SGX:BKA) Inventory Turnover : 3.83 (As of Dec. 2023)

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What is Sin Heng Heavy Machinery 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. Sin Heng Heavy Machinery's Cost of Goods Sold for the six months ended in Dec. 2023 was S$22.20 Mil. Sin Heng Heavy Machinery's Average Total Inventories for the quarter that ended in Dec. 2023 was S$5.79 Mil. Sin Heng Heavy Machinery's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sin Heng Heavy Machinery's Days Inventory for the six months ended in Dec. 2023 was 47.59.

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. Sin Heng Heavy Machinery's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Sin Heng Heavy Machinery Inventory Turnover Historical Data

The historical data trend for Sin Heng Heavy Machinery'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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Sin Heng Heavy Machinery Inventory Turnover Chart

Sin Heng Heavy Machinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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16.56

11.89

15.56

11.07

9.82

Sin Heng Heavy Machinery 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															6.42	5.11	2.99	3.84	3.83

Sin Heng Heavy Machinery Inventory Turnover Calculation

Sin Heng Heavy Machinery's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	47.798	/ (	(5.744	+	3.99)	/	2 )
=	47.798	/	4.867
=	9.82

Sin Heng Heavy Machinery'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 )
=	22.196	/ (	(7.587	+	3.99)	/	2 )
=	22.196	/	5.7885
=	3.83

Sin Heng Heavy Machinery (SGX:BKA) 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.

Sin Heng Heavy Machinery'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
	=	5.7885	/	22.196	*	365 / 2
	=	47.59

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.

Sin Heng Heavy Machinery'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 )
	=	5.7885	/	31.494
	=	0.18

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.

Sin Heng Heavy Machinery Inventory Turnover Related Terms

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Sin Heng Heavy Machinery (SGX:BKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (SGX:BKA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SNVA:Germany

Address

26 Gul Road, Singapore, SGP, 629346

Website

http://www.sinheng.com.sg

Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. Most of the group's revenue comes from Singapore.

Sin Heng Heavy Machinery (SGX:BKA) Headlines

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