MTAG Group Bhd (XKLS:0213) Inventory Turnover : 1.07 (As of Dec. 2024)

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What is MTAG 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. MTAG Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM12.48 Mil. MTAG Group Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM11.68 Mil. MTAG Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MTAG Group Bhd's Days Inventory for the three months ended in Dec. 2024 was 85.43.

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. MTAG Group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.64.

MTAG Group Bhd Inventory Turnover Historical Data

The historical data trend for MTAG 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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MTAG Group Bhd Inventory Turnover Chart

MTAG Group Bhd Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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4.46

5.48

4.91

3.87

3.42

MTAG Group Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.87	1.11	0.97	1.07

MTAG Group Bhd Inventory Turnover Calculation

MTAG Group Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	68.521	/ (	(26.049	+	13.99)	/	2 )
=	68.521	/	20.0195
=	3.42

MTAG Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	12.478	/ (	(12.737	+	10.628)	/	2 )
=	12.478	/	11.6825
=	1.07

MTAG Group Bhd (XKLS:0213) 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.

MTAG Group Bhd's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	11.6825	/	12.478	*	365 / 4
	=	85.43

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.

MTAG Group Bhd's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	11.6825	/	18.131
	=	0.64

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.

MTAG Group Bhd Inventory Turnover Related Terms

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MTAG Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » MTAG Group Bhd (XKLS:0213) » Definitions » Inventory Turnover

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Address

Kawasan Perindustrian Tebrau III, PLO 226, Jalan Kencana Mas, Johor Bahru, Johor, MYS, 81100

Website

https://www.mtaggroup.com

MTAG Group Bhd is a converter company providing the services of label and sticker printing and customized converting services for various materials. In addition, it distributes industrial tapes and adhesive products under the brands 3M and Henkel. Its segments consist of Converting, Distribution and Investment holding. The company operates in Malaysia. It derives maximum revenue from Converting Segment. The products of the company include Toyo Sho, Intag Industrial and Intag Steel.

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