Baba Eco Group Bhd (XKLS:03012) Inventory Turnover : 1.99 (As of Oct. 2023)

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What is Baba Eco 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. Baba Eco Group Bhd's Cost of Goods Sold for the six months ended in Oct. 2023 was RM9.74 Mil. Baba Eco Group Bhd's Average Total Inventories for the quarter that ended in Oct. 2023 was RM4.90 Mil. Baba Eco Group Bhd's Inventory Turnover for the quarter that ended in Oct. 2023 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Baba Eco Group Bhd's Days Inventory for the six months ended in Oct. 2023 was 91.87.

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. Baba Eco Group Bhd's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.29.

Baba Eco Group Bhd Inventory Turnover Historical Data

The historical data trend for Baba Eco 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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Baba Eco Group Bhd Inventory Turnover Chart

Baba Eco Group Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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4.81

4.94

5.61

3.81

3.46

Baba Eco Group Bhd Semi-Annual Data
	Oct16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial										2.48	1.76	1.53	1.46	1.99

Baba Eco Group Bhd Inventory Turnover Calculation

Baba Eco Group Bhd's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	18.743	/ (	(6.698	+	4.145)	/	2 )
=	18.743	/	5.4215
=	3.46

Baba Eco Group Bhd's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	9.74	/ (	(5.661	+	4.145)	/	2 )
=	9.74	/	4.903
=	1.99

Baba Eco Group Bhd (XKLS:03012) 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.

Baba Eco Group Bhd's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	4.903	/	9.74	*	365 / 2
	=	91.87

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.

Baba Eco Group Bhd's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	4.903	/	17.088
	=	0.29

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.

Baba Eco Group Bhd Inventory Turnover Related Terms

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Baba Eco Group Bhd (XKLS:03012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Baba Eco Group Bhd (XKLS:03012) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

1384, Atas Lot 841, MK-1, Jalan Tasek, Seberang Perai Selatan, Pulau Pinang, Simpang Ampat, MYS, 14120

Website

https://www.baba.com.my

Baba Eco Group Bhd is an integrated gardening supplies provider under brand name Baba. The business activities of the group include manufacturing and trading of a diversified range of eco-friendly biodegradable plastic flower pots and planting media; the processing and trading of organic fertilizers and natural pesticides; and the trading of a diversified range of gardening accessories, seeds and agricultural produce. Geographically it serves both Malaysian and other international market.

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