Solarvest Holdings Bhd (XKLS:0215) Inventory Turnover : 4.29 (As of Dec. 2024)

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What is Solarvest 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. Solarvest Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM97.9 Mil. Solarvest Holdings Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM22.8 Mil. Solarvest Holdings Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 4.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solarvest Holdings Bhd's Days Inventory for the three months ended in Dec. 2024 was 21.28.

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. Solarvest Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.17.

Solarvest Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Solarvest 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.

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Solarvest Holdings Bhd Inventory Turnover Chart

Solarvest Holdings Bhd Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.61

12.17

13.30

18.85

23.03

Solarvest Holdings 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															6.97	5.11	3.56	3.66	4.29

Solarvest Holdings Bhd Inventory Turnover Calculation

Solarvest Holdings Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	397.862	/ (	(20.992	+	13.561)	/	2 )
=	397.862	/	17.2765
=	23.03

Solarvest Holdings 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 )
=	97.886	/ (	(25.637	+	20.012)	/	2 )
=	97.886	/	22.8245
=	4.29

Solarvest Holdings Bhd (XKLS:0215) 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.

Solarvest Holdings 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
	=	22.8245	/	97.886	*	365 / 4
	=	21.28

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.

Solarvest Holdings 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 )
	=	22.8245	/	135.396
	=	0.17

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.

Solarvest Holdings Bhd Inventory Turnover Related Terms

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Solarvest Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solarvest Holdings Bhd (XKLS:0215) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 5, Jalan 13/6, Seksyen 13, L1-01, Pacific 63 at PJ Centre, Petaling Jaya, SGR, MYS, 46200

Website

https://www.solarvest.my

Solarvest Holdings Bhd is an investment holding company. The company's operating segment includes (engineering, procurement, construction and commissioning) EPCC of the solar energy system; Operations and maintenance of solar energy system; Sale of electricity through solar energy generation, and others. It generates maximum revenue from EPCC of the solar energy system segment. The company serves residential; commercial; industrial and large-scale solar energy producers. The group operates primarily in Malaysia.

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