Mag Holdings Bhd (XKLS:0095) Inventory Turnover : 2.41 (As of Dec. 2023)

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What is Mag Holdings 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. Mag Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM40.3 Mil. Mag Holdings Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM16.7 Mil. Mag Holdings Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mag Holdings Bhd's Days Inventory for the three months ended in Dec. 2023 was 37.85.

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. Mag Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Mag Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Mag Holdings 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.

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Mag Holdings Bhd Inventory Turnover Chart

Mag Holdings Bhd Annual Data

Trend

Jan11

Jan12

Jan13

Dec15

Dec16

Dec17

Dec18

Dec19

Jun22

Jun23

Inventory Turnover

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27.63

0.47

8.05

7.71

Mag Holdings Bhd Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.40	1.23	3.39	2.29	2.41

Mag Holdings Bhd Inventory Turnover Calculation

Mag Holdings Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	134.414	/ (	(19.151	+	15.709)	/	2 )
=	134.414	/	17.43
=	7.71

Mag Holdings Bhd'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	40.305	/ (	(15.511	+	17.925)	/	2 )
=	40.305	/	16.718
=	2.41

Mag Holdings Bhd (XKLS:0095) 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.

Mag Holdings Bhd's Days Inventory for the three 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
	=	16.718	/	40.305	*	365 / 4
	=	37.85

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.

Mag Holdings Bhd'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 )
	=	16.718	/	51.382
	=	0.33

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.

Mag Holdings Bhd Inventory Turnover Related Terms

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Mag Holdings Bhd (XKLS:0095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Mag Holdings Bhd (XKLS:0095) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Gateway Kiaramas, B-3-12, Gateway Corporate Suites, No 1, Jalan Desa Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.magholdings.com.my

Mag Holdings Bhd is engaged in the prawn aquaculture business. Its segment includes Live prawns aquaculture and trading. The company generates revenue through Trading of Prawns. Geographically company operates only through Malaysia.

Mag Holdings Bhd (XKLS:0095) Headlines

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