Straco (SGX:S85) Inventory Turnover : 0.43 (As of Dec. 2023)

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What is Straco 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. Straco's Cost of Goods Sold for the six months ended in Dec. 2023 was S$0.95 Mil. Straco's Average Total Inventories for the quarter that ended in Dec. 2023 was S$2.20 Mil. Straco's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Straco's Days Inventory for the six months ended in Dec. 2023 was 421.07.

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. Straco's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Straco Inventory Turnover Historical Data

The historical data trend for Straco'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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Straco Inventory Turnover Chart

Straco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.90

0.26

0.33

0.36

0.77

Straco 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															0.15	0.12	0.24	0.36	0.43

Straco Inventory Turnover Calculation

Straco'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 )
=	1.678	/ (	(2.008	+	2.326)	/	2 )
=	1.678	/	2.167
=	0.77

Straco'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 )
=	0.952	/ (	(2.067	+	2.326)	/	2 )
=	0.952	/	2.1965
=	0.43

Straco (SGX:S85) 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.

Straco'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
	=	2.1965	/	0.952	*	365 / 2
	=	421.07

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.

Straco'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 )
	=	2.1965	/	50.056
	=	0.04

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.

Straco Inventory Turnover Related Terms

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Straco (SGX:S85) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Straco Corp Ltd (SGX:S85) » Definitions » Inventory Turnover

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Address

10 Anson Road, No. 30-15 International Plaza, Singapore, SGP, 079903

Website

https://www.stracocorp.com

Straco Corp Ltd is a Singapore-based company involved in the development and management of tourism-related businesses. The group operates in two segments, Aquariums and Giant Observation Wheel. Aquariums represent the operation of aquatic-related facilities and tourist attractions, including sea mammal performances. Retail, food, and beverage are auxiliary goods and services arising from the operation of the above facilities. Giant Observation Wheel (GOW) represents the operation of a circular giant observation structure, and provision of commercial space. The company generates its majority of the revenue from Aquariums segment.

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