Go Innovate Asia Bhd (XKLS:03028) Inventory Turnover : 21.39 (As of Dec. 2024)

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What is Go Innovate Asia 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. Go Innovate Asia Bhd's Cost of Goods Sold for the six months ended in Dec. 2024 was RM790 Mil. Go Innovate Asia Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM37 Mil. Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 21.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Go Innovate Asia Bhd's Days Inventory for the six months ended in Dec. 2024 was 8.53.

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. Go Innovate Asia Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Go Innovate Asia Bhd Inventory Turnover Historical Data

The historical data trend for Go Innovate Asia 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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Go Innovate Asia Bhd Inventory Turnover Chart

Go Innovate Asia Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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136.30

111.14

66.26

48.97

72.44

Go Innovate Asia Bhd Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial									30.88	17.81	21.87	26.65	21.39

Go Innovate Asia Bhd Inventory Turnover Calculation

Go Innovate Asia Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1652.884	/ (	(18.281	+	27.355)	/	2 )
=	1652.884	/	22.818
=	72.44

Go Innovate Asia 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: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	789.702	/ (	(46.496	+	27.355)	/	2 )
=	789.702	/	36.9255
=	21.39

Go Innovate Asia Bhd (XKLS:03028) 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.

Go Innovate Asia Bhd's Days Inventory for the six 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
	=	36.9255	/	789.702	*	365 / 2
	=	8.53

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.

Go Innovate Asia 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 )
	=	36.9255	/	800.564
	=	0.05

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.

Go Innovate Asia Bhd Inventory Turnover Related Terms

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Go Innovate Asia Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Go Innovate Asia Bhd (XKLS:03028) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.19-1, Jalan USJ 10/1D, Subang Jaya, Kuala Lumpur, SGR, MYS, 47620

Website

https://www.ace2u.com

Go Innovate Asia Bhd Formerly Ace Innovate Asia Bhd is a gold bullion trader based in Malaysia. The company trades in physical gold products such as scrap gold bars, cast gold bars and minted gold bars. It is also involved in assaying services as well as participate as a market maker for Bursa Malaysia Derivatives Gold Futures Contract and PT Bursa Komoditi dan Derivatif Indonesia. Its segments include Bullion trading of physical gold products and Provision of related products and services.

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