TrickleStar (SGX:CYW) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is TrickleStar 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. TrickleStar's Cost of Goods Sold for the six months ended in Dec. 2023 was S$5.76 Mil. TrickleStar's Average Total Inventories for the quarter that ended in Dec. 2023 was S$4.17 Mil. TrickleStar's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TrickleStar's Days Inventory for the six months ended in Dec. 2023 was 132.08.

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. TrickleStar's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.59.

TrickleStar Inventory Turnover Historical Data

The historical data trend for TrickleStar'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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TrickleStar Inventory Turnover Chart

TrickleStar Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.89

2.19

2.63

3.34

2.36

TrickleStar Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									1.69	1.56	1.75	1.15	1.38

TrickleStar Inventory Turnover Calculation

TrickleStar'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 )
=	10.519	/ (	(4.476	+	4.448)	/	2 )
=	10.519	/	4.462
=	2.36

TrickleStar'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 )
=	5.759	/ (	(3.888	+	4.448)	/	2 )
=	5.759	/	4.168
=	1.38

TrickleStar (SGX:CYW) 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.

TrickleStar'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
	=	4.168	/	5.759	*	365 / 2
	=	132.08

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.

TrickleStar'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 )
	=	4.168	/	7.047
	=	0.59

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.

TrickleStar Inventory Turnover Related Terms

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TrickleStar (SGX:CYW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TrickleStar Ltd (SGX:CYW) » Definitions » Inventory Turnover

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Address

Jalan Dutamas 1, C3-U6-15 Solaris Dutamas, Kuala Lumpur, MYS, 50480

Website

https://www.tricklestar.com

TrickleStar Ltd is engaged in design and supply energy-saving products to help consumers reduce energy consumption in their homes and workplaces. Its product portfolio includes Tier 1 Advanced PowerStrips, Portable Power Station, Surge Protectors, Tier 2 Advanced PowerStrips, DryerSaver, Wi-Fi Electric Water, Heater Controller, Energy Monitor USB Motion Sensor, GSA Approved PowerStrips, Advanced Keyboard and PowerSwitch.

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