Nova Wellness Group Bhd (XKLS:0201) Inventory Turnover : 0.17 (As of Dec. 2023)

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What is Nova Wellness Group 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. Nova Wellness Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM3.87 Mil. Nova Wellness Group Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM22.73 Mil. Nova Wellness Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nova Wellness Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 536.55.

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. Nova Wellness Group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.22.

Nova Wellness Group Bhd Inventory Turnover Historical Data

The historical data trend for Nova Wellness Group 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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Nova Wellness Group Bhd Inventory Turnover Chart

Nova Wellness Group Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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1.07

0.84

0.87

0.89

0.63

Nova Wellness Group Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.19	0.11	0.17	0.17

Nova Wellness Group Bhd Inventory Turnover Calculation

Nova Wellness Group 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 )
=	13.478	/ (	(19.721	+	22.862)	/	2 )
=	13.478	/	21.2915
=	0.63

Nova Wellness Group 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 )
=	3.865	/ (	(22.499	+	22.953)	/	2 )
=	3.865	/	22.726
=	0.17

Nova Wellness Group Bhd (XKLS:0201) 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.

Nova Wellness Group 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
	=	22.726	/	3.865	*	365 / 4
	=	536.55

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.

Nova Wellness Group 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 )
	=	22.726	/	10.218
	=	2.22

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.

Nova Wellness Group Bhd Inventory Turnover Related Terms

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Nova Wellness Group Bhd (XKLS:0201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nova Wellness Group Bhd (XKLS:0201) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 708, Nova Avenue, Sepang, Sungai Pelek, SGR, MYS, 43950

Website

https://www.nova.my

Nova Wellness Group Bhd is engaged in development, production and sale of nutraceutical products and skincare products and providing contact manufacture of nutraceutical products. Natural Supplements, Nova Kids, Nutritional Products, Health Foods, Medical Nutrition, Personal Care, Personal Protection, Gift Of Health and Aromatherapy. The company operates into two segments; House-brand products segment and contract manufacturing and service segment. Maximum revenue is generated from House-brand products segment.

Nova Wellness Group Bhd (XKLS:0201) Headlines

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