Go Innovate Asia Bhd (XKLS:03028) Inventory Turnover: 46.54 (As of Jun. 2025)


What is Go Innovate Asia Bhd Inventory Turnover?

Go Innovate Asia Bhd XKLS:03028 Inventory Turnover is 46.54 as of Jun. 2025. The stock has 3 warning signs investors should review.

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 Jun. 2025 was RM1,961 Mil. Go Innovate Asia Bhd's Average Total Inventories for the quarter that ended in Jun. 2025 was RM42 Mil. Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2025 was 46.54.

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 Jun. 2025 was 3.92.

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 Jun. 2025 was 0.02.

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 Jun. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2025 )/Cost of Goods Sold (Q: Jun. 2025 )*Days in Period
=42.1395/1961.093*365 / 2
=3.92

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 Jun. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2025 ) / Revenue (Q: Jun. 2025 )
=42.1395 / 2001.367
=0.02

* 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.

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

Go Innovate Asia Bhd Inventory Turnover Historical Data

* Premium members only.

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.

Go Innovate Asia Bhd Inventory Turnover Chart

Go Innovate Asia Bhd Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial 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 Jun25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.81 21.87 26.65 21.39 46.54

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 )
=1652.886 / ((18.281 + 27.355) / 2 )
=1652.886 / 22.818
=72.44

Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2025 is calculated as

Inventory Turnover (Q: Jun. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2025 ) / ((Total Inventories (Q: Dec. 2024 ) + Total Inventories (Q: Jun. 2025 )) / count )
=1961.093 / ((27.355 + 56.924) / 2 )
=1961.093 / 42.1395
=46.54

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 46.54 mean?
Go Innovate Asia Bhd (XKLS:03028) has a Inventory Turnover of 46.54 as of Jun. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Go Innovate Asia Bhd and its competitors.
Is Go Innovate Asia Bhd's Inventory Turnover too high?
Go Innovate Asia Bhd's current Inventory Turnover is 46.54.
How does Go Innovate Asia Bhd's Inventory Turnover compare to MS and GS?
Go Innovate Asia Bhd's Inventory Turnover of 46.54 can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Capital Markets company?
A good Inventory Turnover depends on the Capital Markets industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Go Innovate Asia Bhd and its competitors. Go Innovate Asia Bhd's current Inventory Turnover is 46.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Go Innovate Asia Bhd stock overvalued right now?
Go Innovate Asia Bhd (XKLS:03028) has a current Inventory Turnover of 46.54. The stock's GF Value™ is RM0.38, compared to a current price of RM0.03 — trading 92.1% below its estimated fair value. The current Inventory Turnover is 46.54. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Go Innovate Asia Bhd (XKLS:03028), the current Inventory Turnover is 46.54 as of Jun. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Go Innovate Asia Bhd Business Description

Address 3A-D, Jalan USJ10/1A, Subang Jaya, Kuala Lumpur, SGR, MYS, 47610
Go Innovate Asia Bhd is investment holding company. The principal activities of its subsidiaries include trading in precious metals, provide services relating to the online precious metals trading platform and such other business which are necessary for and/or incident to the aforesaid business, developing information technology (IT), dealing and trading in providing information, communication and technology (ICT) services and consultancy, deal, trade and provide software research and development businesses, technical testing and analysis, assaying and refining of precious metals, and promoting and marketing all kinds of gold products.