V2Y (SGX:V2Y) Inventory Turnover : 49.50 (As of Sep. 2024)

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What is V2Y 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. V2Y's Cost of Goods Sold for the three months ended in Sep. 2024 was S$0.10 Mil. V2Y's Average Total Inventories for the quarter that ended in Sep. 2024 was S$0.00 Mil. V2Y's Inventory Turnover for the quarter that ended in Sep. 2024 was 49.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V2Y's Days Inventory for the three months ended in Sep. 2024 was 1.84.

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. V2Y's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.02.

V2Y Inventory Turnover Historical Data

The historical data trend for V2Y'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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V2Y Inventory Turnover Chart

V2Y Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.93

0.63

V2Y Quarterly Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial													-	-	-	-	49.50

V2Y Inventory Turnover Calculation

V2Y'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 )
=	0.119	/ (	(0	+	0)	/	1 )
=	0.119	/	0
=	N/A

V2Y'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: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	0.099	/ (	(0	+	0.002)	/	1 )
=	0.099	/	0.002
=	49.50

V2Y (SGX:V2Y) 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.

V2Y's Days Inventory for the three 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
	=	0.002	/	0.099	*	365 / 4
	=	1.84

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.

V2Y'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 )
	=	0.002	/	0.119
	=	0.02

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.

V2Y Inventory Turnover Related Terms

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V2Y Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » V2Y Corp Ltd (SGX:V2Y) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

40 Jalan Pemimpin, No. 03-12, B9, Singapore, SGP, 577185

Website

https://www.v2y.si

V2Y Corp Ltd is a Singapore-based company with its principal activity being investment holding. The company has two reportable operating segments: Insurtech and Investment holding. Insurtech provides third-party administration and value-added services to brand partners in the computer, communication, and consumer electronics sector. It manages and executes their extended warranty and accidental damage protection programs. Investment holding pertains to the activities of an investment holding company. The majority of the company's revenue is generated by its Insurtech segment, and it operates mainly in Singapore.

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