SMTrack Bhd (XKLS:0169) Inventory Turnover : 0.22 (As of Dec. 2023)

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What is SMTrack 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. SMTrack Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM1.23 Mil. SMTrack Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM5.49 Mil. SMTrack Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMTrack Bhd's Days Inventory for the three months ended in Dec. 2023 was 406.41.

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. SMTrack Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.88.

SMTrack Bhd Inventory Turnover Historical Data

The historical data trend for SMTrack 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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SMTrack Bhd Inventory Turnover Chart

SMTrack Bhd Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Mar15

Jul16

Jul17

Jul18

Jul19

Inventory Turnover

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9.38

SMTrack Bhd Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.03	-	0.45	0.17	0.22

SMTrack Bhd Inventory Turnover Calculation

SMTrack Bhd's Inventory Turnover for the fiscal year that ended in Jul. 2019 is calculated as

	Inventory Turnover (A: Jul. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2019 )	/ (	(Total Inventories (A: Jul. 2018 )	+	Total Inventories (A: Jul. 2019 ))	/	count )
=	0.006	/ (	(0	+	0)	/	1 )
=	0.006	/	0
=	N/A

SMTrack 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 )
=	1.233	/ (	(7.342	+	3.641)	/	2 )
=	1.233	/	5.4915
=	0.22

SMTrack Bhd (XKLS:0169) 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.

SMTrack 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
	=	5.4915	/	1.233	*	365 / 4
	=	406.41

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.

SMTrack 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 )
	=	5.4915	/	6.272
	=	0.88

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.

SMTrack Bhd Inventory Turnover Related Terms

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SMTrack Bhd (XKLS:0169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SMTrack Bhd (XKLS:0169) » Definitions » Inventory Turnover

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Address

Unit 29-7, 7th Floor, The Bouvelard, Mid Valley City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

http://www.smtrackberhad.my

SMTrack Bhd is engaged in a track and trace solutions provider that utilizes Radio Frequency Identification (RFID). It involves the design, deployment, and distribution of radiofrequency identity tags and other tagging solutions using information technology. It also offers the provision of training, maintenance, and consultancy services. The company is engaged in Investment holding and others segment, Delivery segment and Beauty and wellness segment. It derives majority of its revenues from the Investment holding and others segment and has operations spread across Malaysia.

SMTrack Bhd (XKLS:0169) Headlines

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