Yongmao Holdings (SGX:BKX) Inventory Turnover : 0.79 (As of Sep. 2023)

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What is Yongmao 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. Yongmao Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was S$62.1 Mil. Yongmao Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was S$78.2 Mil. Yongmao Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yongmao Holdings's Days Inventory for the six months ended in Sep. 2023 was 229.64.

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. Yongmao Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.87.

Yongmao Holdings Inventory Turnover Historical Data

The historical data trend for Yongmao 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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Yongmao Holdings Inventory Turnover Chart

Yongmao Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.87

1.90

1.75

1.87

1.59

Yongmao Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.99	0.88	0.90	0.71	0.79

Yongmao Holdings Inventory Turnover Calculation

Yongmao Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	128.721	/ (	(80.539	+	80.989)	/	2 )
=	128.721	/	80.764
=	1.59

Yongmao Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	62.111	/ (	(80.989	+	75.323)	/	2 )
=	62.111	/	78.156
=	0.79

Yongmao Holdings (SGX:BKX) 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.

Yongmao Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	78.156	/	62.111	*	365 / 2
	=	229.64

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.

Yongmao Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	78.156	/	89.592
	=	0.87

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.

Yongmao Holdings Inventory Turnover Related Terms

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Yongmao Holdings (SGX:BKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Yongmao Holdings Ltd (SGX:BKX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

81 Ubi Avenue 4, Number 09-01 UB. One, Singapore, SGP, 408830

Website

http://www.yongmaoholdings.com

Yongmao Holdings Ltd is involved in the design, development, and manufacture of a wide range of tower cranes, components, and accessories. The products are mainly sold to construction equipment distributors and equipment rental companies. Yongmao Holdings offers tower cranes with various lifting capacities that include the Topless STT series, ST series, Luffing STL series, and Derrick Q series. The business of the company is classified under geographical segments the People's Republic of China, Hong Kong, and Macau. The People's Republic of China segment generates maximum revenue for the company.

Yongmao Holdings (SGX:BKX) Headlines

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