Ecoscience International Bhd (XKLS:0255) Inventory Turnover : 1.41 (As of Jun. 2024)

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What is Ecoscience International 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. Ecoscience International Bhd's Cost of Goods Sold for the three months ended in Jun. 2024 was RM27.8 Mil. Ecoscience International Bhd's Average Total Inventories for the quarter that ended in Jun. 2024 was RM19.8 Mil. Ecoscience International Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ecoscience International Bhd's Days Inventory for the three months ended in Jun. 2024 was 64.91.

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. Ecoscience International Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.67.

Ecoscience International Bhd Inventory Turnover Historical Data

The historical data trend for Ecoscience International 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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Ecoscience International Bhd Inventory Turnover Chart

Ecoscience International Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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29.05

20.00

10.56

5.15

7.03

Ecoscience International Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial									3.43	4.24	1.86	2.10	1.41

Ecoscience International Bhd Inventory Turnover Calculation

Ecoscience International Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	148.282	/ (	(18.17	+	24.043)	/	2 )
=	148.282	/	21.1065
=	7.03

Ecoscience International Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	27.806	/ (	(19.173	+	20.385)	/	2 )
=	27.806	/	19.779
=	1.41

Ecoscience International Bhd (XKLS:0255) 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.

Ecoscience International Bhd's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	19.779	/	27.806	*	365 / 4
	=	64.91

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.

Ecoscience International Bhd's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	19.779	/	29.319
	=	0.67

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.

Ecoscience International Bhd Inventory Turnover Related Terms

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Ecoscience International Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ecoscience International Bhd (XKLS:0255) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Pasir Gudang Industrial Estate, PLO555, Jalan Keluli 8, Pasir Gudang, JHR, MYS, 81700

Website

https://www.ecosciencegroup.com

Ecoscience International Bhd is a one-stop solution provider for the construction of palm oil mills and supporting facilities, and fabrication of equipment. The core activities of the company is the construction of plants, which are mainly palm oil mills and facilities, supported by our in-house fabrication of equipment. Other complementary activities include supply of materials and equipment, spare parts and provision of maintenance services. The company's reportable segments are as follows which includes Construction of Plants and Facilities Segment, Fabrication of Equipment Segment, Supply of Material and Equipment, Others. The company generates majority of its revenue from Construction of Plants and Facilities Segment in Malaysia region itself.

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