Elridge Energy Holdings Bhd (XKLS:0318) Inventory Turnover : 13.83 (As of Dec. 2024)

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What is Elridge Energy Holdings 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. Elridge Energy Holdings Bhd's Cost of Goods Sold for the six months ended in Dec. 2024 was RM307.4 Mil. Elridge Energy Holdings Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM22.2 Mil. Elridge Energy Holdings Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 13.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Elridge Energy Holdings Bhd's Days Inventory for the six months ended in Dec. 2024 was 13.20.

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. Elridge Energy Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.06.

Elridge Energy Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Elridge Energy Holdings 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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Elridge Energy Holdings Bhd Inventory Turnover Chart

Elridge Energy Holdings Bhd Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

11.01

18.19

22.63

13.83

Elridge Energy Holdings Bhd Semi-Annual Data
	Dec21	Dec22	Dec23	Dec24
Inventory Turnover	11.01	18.19	22.63	13.83

Elridge Energy Holdings Bhd Inventory Turnover Calculation

Elridge Energy Holdings 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 )
=	307.394	/ (	(20.953	+	23.499)	/	2 )
=	307.394	/	22.226
=	13.83

Elridge Energy Holdings 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: Dec. 2023 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	307.394	/ (	(20.953	+	23.499)	/	2 )
=	307.394	/	22.226
=	13.83

Elridge Energy Holdings Bhd (XKLS:0318) 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.

Elridge Energy Holdings 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
	=	22.226	/	307.394	*	365 / 2
	=	13.20

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.

Elridge Energy Holdings 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 )
	=	22.226	/	389.054
	=	0.06

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.

Elridge Energy Holdings Bhd Inventory Turnover Related Terms

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Elridge Energy Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Elridge Energy Holdings Bhd (XKLS:0318) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

61-2, Jalan Radin Tengah, Bandar Baru Sri Petaling, Kuala Lumpur, SGR, MYS, 57000

Website

https://www.bioeneco.com

Elridge Energy Holdings Bhd is principally involved in the manufacturing and trading of biomass fuel products, particularly PKS and wood pellets. Biomass fuel products are energy sources derived from organic materials, that are burned or combusted to generate heat or electricity. PKS is a form of biomass fuel product that is derived from the shell fractions left after oil is extracted from palm kernels. Meanwhile, wood pellets are a form of biomass fuel products produced from sawdust, wood chips, offcut and wood slabs, which are industrial wastes from timber milling.

Elridge Energy Holdings Bhd Headlines

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