ECM Libra Group Bhd (XKLS:2143) Inventory Turnover : 3.67 (As of Mar. 2024)

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What is ECM Libra 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. ECM Libra Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM1.27 Mil. ECM Libra Group Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM0.35 Mil. ECM Libra Group Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ECM Libra Group Bhd's Days Inventory for the three months ended in Mar. 2024 was 24.85.

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. ECM Libra Group Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

ECM Libra Group Bhd Inventory Turnover Historical Data

The historical data trend for ECM Libra 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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ECM Libra Group Bhd Inventory Turnover Chart

ECM Libra Group Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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37.84

11.60

7.58

8.84

9.09

ECM Libra Group Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.87	1.28	1.35	2.99	3.67

ECM Libra Group Bhd Inventory Turnover Calculation

ECM Libra Group Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2.671	/ (	(0.283	+	0.305)	/	2 )
=	2.671	/	0.294
=	9.09

ECM Libra Group Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.267	/ (	(0.305	+	0.385)	/	2 )
=	1.267	/	0.345
=	3.67

ECM Libra Group Bhd (XKLS:2143) 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.

ECM Libra Group Bhd's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.345	/	1.267	*	365 / 4
	=	24.85

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.

ECM Libra Group Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.345	/	10.101
	=	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.

ECM Libra Group Bhd Inventory Turnover Related Terms

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ECM Libra Group Bhd (XKLS:2143) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ECM Libra Group Bhd (XKLS:2143) » Definitions » Inventory Turnover

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Address

8 Jalan Damansara Endah, Ground Floor, East Wing, Bangunan ECM Libra, Damansara Heights, Kuala Lumpur, MYS, 50490

Website

http://www.ecmlibra.com

ECM Libra Group Bhd is a Malaysia-based company, which is engaged in investment holding and provision of management services. The business of the company is classified into various segments which include Investment holding, Structured financing, and Hospitality. The investment holding segment includes general investments and corporate-related activities. The fund management segment includes unit trust funds and asset management. The structured financing segment includes structured lending and financial services-related activities. The Hospitality segment includes management and operations of hotels and restaurants and investment in the hospitality-related business through joint ventures.

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