Genting Plantations Bhd (XKLS:2291) Inventory Turnover : 2.32 (As of Dec. 2023)

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What is Genting Plantations 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. Genting Plantations Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM581 Mil. Genting Plantations Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM250 Mil. Genting Plantations Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genting Plantations Bhd's Days Inventory for the three months ended in Dec. 2023 was 39.33.

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. Genting Plantations Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Genting Plantations Bhd Inventory Turnover Historical Data

The historical data trend for Genting Plantations 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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Genting Plantations Bhd Inventory Turnover Chart

Genting Plantations Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.72

7.99

11.08

8.91

8.63

Genting Plantations Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.90	1.38	1.94	2.05	2.32

Genting Plantations Bhd Inventory Turnover Calculation

Genting Plantations 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 )
=	2218.456	/ (	(288.747	+	225.624)	/	2 )
=	2218.456	/	257.1855
=	8.63

Genting Plantations Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	580.898	/ (	(275.094	+	225.624)	/	2 )
=	580.898	/	250.359
=	2.32

Genting Plantations Bhd (XKLS:2291) 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.

Genting Plantations Bhd's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	250.359	/	580.898	*	365 / 4
	=	39.33

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.

Genting Plantations Bhd's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	250.359	/	800.459
	=	0.31

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.

Genting Plantations Bhd Inventory Turnover Related Terms

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Genting Plantations Bhd (XKLS:2291) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Genting Plantations Bhd (XKLS:2291) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jalan Sultan Ismail, 10th Floor, Wisma Genting, Kuala Lumpur, SGR, MYS, 50250

Website

https://www.gentingplantations.com

Genting Plantations Bhd is engaged in the oil palm plantation business. It operates in five segments: Plantation, which includes upstream activities relating to oil palm plantations in Malaysia and Indonesia; Property segment includes activities relating to property development and property investment; AgTech segment is into genomics research and development; Downstream Manufacturing segment related to manufacturing and sale of palm oil derivative products; and Others. Geographically, it operates in two segments, namely Malaysia and Indonesia, of which the vast majority of its revenue comes from Malaysia.

Genting Plantations Bhd (XKLS:2291) Headlines

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