Northeast Group Bhd (XKLS:0325) Inventory Turnover : 19.04 (As of Sep. 2023)

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What is Northeast 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. Northeast Group Bhd's Cost of Goods Sold for the six months ended in Sep. 2023 was RM57.89 Mil. Northeast Group Bhd's Average Total Inventories for the quarter that ended in Sep. 2023 was RM3.04 Mil. Northeast Group Bhd's Inventory Turnover for the quarter that ended in Sep. 2023 was 19.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Northeast Group Bhd's Days Inventory for the six months ended in Sep. 2023 was 9.58.

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. Northeast Group Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.03.

Northeast Group Bhd Inventory Turnover Historical Data

The historical data trend for Northeast 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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Northeast Group Bhd Inventory Turnover Chart

Northeast Group Bhd Annual Data

Trend

Sep21

Sep22

Sep23

Inventory Turnover

26.83

27.58

19.04

Northeast Group Bhd Semi-Annual Data
	Sep21	Sep22	Sep23
Inventory Turnover	26.83	27.58	19.04

Northeast Group Bhd Inventory Turnover Calculation

Northeast Group Bhd's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	57.885	/ (	(3.587	+	2.492)	/	2 )
=	57.885	/	3.0395
=	19.04

Northeast Group Bhd's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	57.885	/ (	(3.587	+	2.492)	/	2 )
=	57.885	/	3.0395
=	19.04

Northeast Group Bhd (XKLS:0325) 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.

Northeast Group Bhd's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	3.0395	/	57.885	*	365 / 2
	=	9.58

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.

Northeast Group Bhd's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.0395	/	93.335
	=	0.03

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.

Northeast Group Bhd Inventory Turnover Related Terms

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Northeast Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Northeast Group Bhd (XKLS:0325) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1946, Lorong IKS Bukit Minyak 1, Taman IKS Bukit Minyak, Simpang Ampat, PNG, MYS, 14100

Website

https://www.northeast.my

Northeast Group Bhd is an investment holding company. Through its subsidiaries, it is principally involved in the manufacturing of precision engineering components used in the photonics, E&E, semiconductor, telecommunication and optoelectronics industries. Precision engineering components are parts that are precisely machined in exact and accurate dimensions (i.e. tolerances for variation of up to a single-digit micron range) to be further processed and/or assembled to form end-products by its customers. Geographically, it operates in Malaysia, North America, Europe, Oceania, South America and Other Asian Countries.

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