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SIK Cheong Bhd (XKLS:0316) Inventory Turnover : 21.53 (As of Dec. 2024)


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What is SIK Cheong 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. SIK Cheong Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM20.15 Mil. SIK Cheong Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM0.94 Mil. SIK Cheong Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 21.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SIK Cheong Bhd's Days Inventory for the three months ended in Dec. 2024 was 4.24.

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. SIK Cheong Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.04.

SIK Cheong Bhd Inventory Turnover Historical Data

The historical data trend for SIK Cheong 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.

* Premium members only.

SIK Cheong Bhd Inventory Turnover Chart

SIK Cheong Bhd Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Inventory Turnover
40.64 40.99 50.19 59.82

SIK Cheong Bhd Quarterly Data
Mar21 Mar22 Mar23 Mar24 Sep24 Dec24
Inventory Turnover Get a 7-Day Free Trial - - - 18.96 21.53

SIK Cheong Bhd Inventory Turnover Calculation

SIK Cheong Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

Inventory Turnover (A: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2024 ) / ((Total Inventories (A: Mar. 2023 ) + Total Inventories (A: Mar. 2024 )) / count )
=66.852 / ((1.029 + 1.206) / 2 )
=66.852 / 1.1175
=59.82

SIK Cheong 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: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=20.145 / ((0.954 + 0.917) / 2 )
=20.145 / 0.9355
=21.53

* 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.

SIK Cheong Bhd  (XKLS:0316) 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.

SIK Cheong Bhd's Days Inventory for the three 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
=0.9355/20.145*365 / 4
=4.24

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.

SIK Cheong 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 )
=0.9355 / 23.822
=0.04

* 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.

SIK Cheong Bhd Inventory Turnover Related Terms

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SIK Cheong Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » SIK Cheong Bhd (XKLS:0316) » Definitions » Inventory Turnover
Comparable Companies
XKLS:0179 XKLS:8478 XKLS:0280 XKLS:5187 XKLS:5157 XKLS:0312 XKLS:9776 XKLS:9946 XKLS:0327 XKLS:7439 XSWX:NESN XPAR:BN KHC SHSE:603288 GIS K NSE:NESTLEIND SHSE:600887 SZSE:300999 LSE:ABF
Traded in Other Exchanges
N/A
Address
No. 11, Jalan 6/14, Kampung Tasik Tambahan, Darul Ehsan, Ampang, SGR, MYS, 68000
Website
https://www.sikcheong.com.my
SIK Cheong Bhd is involved in the repackaging, marketing and distribution of RBD palm olein oil products. Its products include RBD palm olein cooking oil, which are sold under brands, Sawit Emas and Vitamas, or sold unbranded and also sell RBD palm olein lamp oil under brand, Pingat Emas. The company products are consumed and used commercially and in households.

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