Fibon Bhd (XKLS:0149) Inventory Turnover : 0.89 (As of Feb. 2024)

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What is Fibon 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. Fibon Bhd's Cost of Goods Sold for the three months ended in Feb. 2024 was RM1.58 Mil. Fibon Bhd's Average Total Inventories for the quarter that ended in Feb. 2024 was RM1.76 Mil. Fibon Bhd's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fibon Bhd's Days Inventory for the three months ended in Feb. 2024 was 101.98.

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. Fibon Bhd's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.43.

Fibon Bhd Inventory Turnover Historical Data

The historical data trend for Fibon 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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Fibon Bhd Inventory Turnover Chart

Fibon Bhd Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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3.60

3.10

3.39

4.16

4.59

Fibon Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															1.03	0.98	1.03	0.95	0.89

Fibon Bhd Inventory Turnover Calculation

Fibon Bhd's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	7.558	/ (	(1.382	+	1.913)	/	2 )
=	7.558	/	1.6475
=	4.59

Fibon Bhd's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	1.577	/ (	(1.784	+	1.741)	/	2 )
=	1.577	/	1.7625
=	0.89

Fibon Bhd (XKLS:0149) 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.

Fibon Bhd's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	1.7625	/	1.577	*	365 / 4
	=	101.98

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.

Fibon Bhd's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	1.7625	/	4.084
	=	0.43

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.

Fibon Bhd Inventory Turnover Related Terms

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Fibon Bhd (XKLS:0149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Fibon Bhd (XKLS:0149) » Definitions » Inventory Turnover

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Address

12A, Jalan 20, Taman Sri Kluang, Kluang, JHR, MYS, 86000

Website

https://www.fibon.com.my

Fibon Bhd is involved in the manufacturing of polymer matrix fibre composites for the manufacturing of high-amperage insulators. The business segments of the company are Investment holding, Sales of goods and Financing income. The Investment holding segment includes investments made and other related activities. The Sales of goods segment comprises manufacturing and trading of electrical insulators, electrical enclosures, switchboards equipment parts and meter boards. The Financing income segment is engaged in the financial business of factoring and financing activities. The majority of the firm's revenue comes from Singapore.

Fibon Bhd (XKLS:0149) Headlines

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