SIA Engineering Co (SGX:S59) Inventory Turnover : 7.02 (As of Sep. 2024)

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What is SIA Engineering Co 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. SIA Engineering Co's Cost of Goods Sold for the six months ended in Sep. 2024 was S$439 Mil. SIA Engineering Co's Average Total Inventories for the quarter that ended in Sep. 2024 was S$63 Mil. SIA Engineering Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SIA Engineering Co's Days Inventory for the six months ended in Sep. 2024 was 26.00.

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. SIA Engineering Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.11.

SIA Engineering Co Inventory Turnover Historical Data

The historical data trend for SIA Engineering Co'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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SIA Engineering Co Inventory Turnover Chart

SIA Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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16.92

8.01

11.23

14.67

15.01

SIA Engineering Co Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															8.07	7.15	8.03	6.76	7.02

SIA Engineering Co Inventory Turnover Calculation

SIA Engineering Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	788.315	/ (	(43.359	+	61.702)	/	2 )
=	788.315	/	52.5305
=	15.01

SIA Engineering Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	438.763	/ (	(61.702	+	63.299)	/	2 )
=	438.763	/	62.5005
=	7.02

SIA Engineering Co (SGX:S59) 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.

SIA Engineering Co's Days Inventory for the six months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	62.5005	/	438.763	*	365 / 2
	=	26.00

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.

SIA Engineering Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	62.5005	/	576.209
	=	0.11

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.

SIA Engineering Co Inventory Turnover Related Terms

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SIA Engineering Co Business Description

Industry

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O3H:Germany

Address

31 Airline Road, Singapore, SGP, 819831

Website

https://www.siaec.com.sg

SIA Engineering Co Ltd and its subsidiaries maintain, repair, and overhaul aircraft for many airlines. The company is organized into two segments: airframe/line maintenance and engine/component. The airframe and line maintenance segment provides airframe maintenance, line maintenance, and inventory technical management. These services include scheduled routine maintenance and overhaul, specialised and non-routine maintenance, modification and refurbishment programmes. Line maintenance provides aircraft certification and technical ground handling services such as pushback and towing, and the provision of aircraft ground support equipment and rectification work. The engine and component segment provides component overhaul and engine repair and overhaul services.

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