Raffles Financial Group (XCNQ:RICH) Inventory Turnover : 0.00 (As of Mar. 2021)

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What is Raffles Financial Group 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. Raffles Financial Group's Cost of Goods Sold for the three months ended in Mar. 2021 was C$0.01 Mil. Raffles Financial Group's Average Total Inventories for the quarter that ended in Mar. 2021 was C$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Raffles Financial Group's Days Inventory for the three months ended in Mar. 2021 was 0.00.

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. Raffles Financial Group's Inventory-to-Revenue for the quarter that ended in Mar. 2021 was 0.00.

Raffles Financial Group Inventory Turnover Historical Data

The historical data trend for Raffles Financial Group'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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Raffles Financial Group Inventory Turnover Chart

Raffles Financial Group Annual Data

Trend

Jun19

Inventory Turnover

Raffles Financial Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Inventory Turnover	Get a 7-Day Free Trial					-	-	-	-	-

Raffles Financial Group Inventory Turnover Calculation

Raffles Financial Group's Inventory Turnover for the fiscal year that ended in Jun. 2019 is calculated as

	Inventory Turnover (A: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2019 )	/ (	(Total Inventories (A: . 20 )	+	Total Inventories (A: Jun. 2019 ))	/	count )
=	0	/ (	(	+	0)	/	1 )
=	0	/	0
=	N/A

Raffles Financial Group's Inventory Turnover for the quarter that ended in Mar. 2021 is calculated as

	Inventory Turnover (Q: Mar. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2021 )	/ (	(Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )
=	0.014	/ (	(0	+	0)	/	1 )
=	0.014	/	0
=	N/A

Raffles Financial Group (XCNQ:RICH) 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.

Raffles Financial Group's Days Inventory for the three months ended in Mar. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2021 )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
	=	0	/	0.014	*	365 / 4
	=	0.00

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.

Raffles Financial Group's Inventory to Revenue for the quarter that ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2021 )	/	Revenue (Q: Mar. 2021 )
	=	0	/	2.809
	=	0.00

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.

Raffles Financial Group Inventory Turnover Related Terms

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Raffles Financial Group (XCNQ:RICH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Raffles Financial Group Ltd (XCNQ:RICH) » Definitions » Inventory Turnover

Comparable Companies

BOM:523736 LSE:AGFX BOM:511605 TSE:7185 TSX:FXC TSX:XAU TSE:8614 BOM:543263 XKRX:001290 XPRA:SABFG

Traded in Other Exchanges

N/A

Address

3 Shenton Way, No. 11-1H Shenton House, Singapore, SGP, 068805

Website

https://www.rafflesfinancial.co

Raffles Financial Group Ltd is engaged in providing financial advisory services. The company serves as an advisor for family trusts, family offices, and investment funds. The company provides corporate finance guidance and public listing advisory for Asian companies planning for IPO on stock exchanges like Australia, Canada, Germany, Hong Kong, Singapore, and the United States. It also guides companies for capital structure across debt, hybrid, derivative and equity-linked products.

Raffles Financial Group (XCNQ:RICH) Headlines

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