Cloudpoint Technology Bhd (XKLS:0277) Inventory Turnover : 2.55 (As of Dec. 2023)

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What is Cloudpoint Technology 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. Cloudpoint Technology Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM22.22 Mil. Cloudpoint Technology Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM8.72 Mil. Cloudpoint Technology Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cloudpoint Technology Bhd's Days Inventory for the three months ended in Dec. 2023 was 35.80.

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. Cloudpoint Technology Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Cloudpoint Technology Bhd Inventory Turnover Historical Data

The historical data trend for Cloudpoint Technology 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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Cloudpoint Technology Bhd Inventory Turnover Chart

Cloudpoint Technology Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

31.59

17.89

17.43

28.94

16.23

Cloudpoint Technology Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial				-	11.13	5.76	1.43	2.55

Cloudpoint Technology Bhd Inventory Turnover Calculation

Cloudpoint Technology 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 )
=	79.361	/ (	(2.685	+	7.096)	/	2 )
=	79.361	/	4.8905
=	16.23

Cloudpoint Technology 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 )
=	22.221	/ (	(10.342	+	7.096)	/	2 )
=	22.221	/	8.719
=	2.55

Cloudpoint Technology Bhd (XKLS:0277) 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.

Cloudpoint Technology 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
	=	8.719	/	22.221	*	365 / 4
	=	35.80

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.

Cloudpoint Technology 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 )
	=	8.719	/	31.077
	=	0.28

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.

Cloudpoint Technology Bhd Inventory Turnover Related Terms

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Cloudpoint Technology Bhd (XKLS:0277) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.cloudpoint-technology.com

Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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