Silver Ridge Holdings Bhd (XKLS:0129) Inventory Turnover : 5.81 (As of Mar. 2024)

View and export this data going back to 2006. Start your Free Trial

What is Silver Ridge 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. Silver Ridge Holdings Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM6.66 Mil. Silver Ridge Holdings Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM1.15 Mil. Silver Ridge Holdings Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silver Ridge Holdings Bhd's Days Inventory for the three months ended in Mar. 2024 was 15.71.

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. Silver Ridge Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Silver Ridge Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Silver Ridge 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.

* Premium members only.

Silver Ridge Holdings Bhd Inventory Turnover Chart

Silver Ridge Holdings Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

Get a 7-Day Free Trial

10.89

8.26

8.33

7.62

10.38

Silver Ridge Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.17	6.54	2.91	6.53	5.81

Silver Ridge Holdings Bhd Inventory Turnover Calculation

Silver Ridge 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 )
=	10.711	/ (	(1.552	+	0.512)	/	2 )
=	10.711	/	1.032
=	10.38

Silver Ridge Holdings Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	6.661	/ (	(1.108	+	1.186)	/	2 )
=	6.661	/	1.147
=	5.81

Silver Ridge Holdings Bhd (XKLS:0129) 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.

Silver Ridge Holdings Bhd's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.147	/	6.661	*	365 / 4
	=	15.71

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.

Silver Ridge Holdings Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.147	/	7.77
	=	0.15

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.

Silver Ridge Holdings Bhd Inventory Turnover Related Terms

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

Silver Ridge Holdings Bhd (XKLS:0129) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Silver Ridge Holdings Bhd (XKLS:0129) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 - 6, Jalan 28/70A, Desa Sri Hartamas, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.silverridge.com.my

Silver Ridge Holdings Bhd is involved in investment holding and provision of a management services business. The company provides telecommunication system architecture and design, next-generation network solution as well as telecommunication related software solutions. It derives a majority of revenue from telecommunication solutions. The telecommunication solutions provide includes 3G network architecture and engineering system design, customisation and optimisation solution; In-Building Radio Frequency Coverage and Quality (EIQ); Power Load Solutions (PLS); Base Station Subsystems Solutions (BSS); Multi-Service Access Node (MSAN) system architecture and design and others.

Silver Ridge Holdings Bhd (XKLS:0129) Headlines

No Headlines