GFM Services Bhd (XKLS:0039) Inventory Turnover : 36.10 (As of Jun. 2024)

View and export this data going back to 2004. Start your Free Trial

What is GFM Services Bhd 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. GFM Services Bhd's Cost of Goods Sold for the three months ended in Jun. 2024 was RM33.8 Mil. GFM Services Bhd's Average Total Inventories for the quarter that ended in Jun. 2024 was RM0.9 Mil. GFM Services Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 36.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GFM Services Bhd's Days Inventory for the three months ended in Jun. 2024 was 2.53.

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. GFM Services Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.02.

GFM Services Bhd Inventory Turnover Historical Data

The historical data trend for GFM Services Bhd'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.

* Premium members only.

GFM Services Bhd Inventory Turnover Chart

GFM Services Bhd Annual Data

Trend

Aug14

Aug15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

123.43

GFM Services Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															-	-	42.16	48.22	36.10

GFM Services Bhd Inventory Turnover Calculation

GFM Services Bhd'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 )
=	79.24	/ (	(0	+	0.642)	/	1 )
=	79.24	/	0.642
=	123.43

GFM Services Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	33.793	/ (	(0.817	+	1.055)	/	2 )
=	33.793	/	0.936
=	36.10

GFM Services Bhd (XKLS:0039) 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.

GFM Services Bhd's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	0.936	/	33.793	*	365 / 4
	=	2.53

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.

GFM Services Bhd's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	0.936	/	50.157
	=	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.

GFM Services Bhd Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GFM Services Bhd's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GFM Services Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » GFM Services Bhd (XKLS:0039) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

A-3A-1 Melawati Corporate Centre, Jalan Bandar Melawati, Taman Melawati, Kuala Lumpur, SGR, MYS, 53100

Website

https://www.gfmservices.com.my

GFM Services Bhd is an investment holding company. Its core business is in providing Facilities Management services which include the provision of facilities operations, maintenance and management, engineering services, facilities consultancy and advisory, and facilities management services. The Concession arrangements business involves the construction and maintenance of facilities and infrastructure.

GFM Services Bhd Headlines

No Headlines