Melewar Industrial Group Bhd (XKLS:3778) Inventory Turnover : 1.00 (As of Dec. 2023)

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What is Melewar Industrial 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. Melewar Industrial Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM166.6 Mil. Melewar Industrial Group Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM167.3 Mil. Melewar Industrial Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Melewar Industrial Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 91.66.

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. Melewar Industrial Group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.94.

Melewar Industrial Group Bhd Inventory Turnover Historical Data

The historical data trend for Melewar Industrial 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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Melewar Industrial Group Bhd Inventory Turnover Chart

Melewar Industrial Group Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.13

3.24

3.25

2.45

2.22

Melewar Industrial Group 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															0.65	0.66	0.81	0.91	1.00

Melewar Industrial Group Bhd Inventory Turnover Calculation

Melewar Industrial Group Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	516.88	/ (	(286.798	+	178.369)	/	2 )
=	516.88	/	232.5835
=	2.22

Melewar Industrial Group 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 )
=	166.579	/ (	(154.771	+	179.901)	/	2 )
=	166.579	/	167.336
=	1.00

Melewar Industrial Group Bhd (XKLS:3778) 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.

Melewar Industrial Group 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
	=	167.336	/	166.579	*	365 / 4
	=	91.66

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.

Melewar Industrial Group 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 )
	=	167.336	/	177.785
	=	0.94

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.

Melewar Industrial Group Bhd Inventory Turnover Related Terms

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Melewar Industrial Group Bhd (XKLS:3778) Business Description

Industry

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Traded in Other Exchanges

N/A

Address

Number 566 Jalan Ipoh, 15th Floor, Kuala Lumpur, SGR, MYS, 51200

Website

http://www.melewar-mig.com

Melewar Industrial Group Bhd operates in four segments. The Steel Tube segment is in the business of manufacturing and sales of steel pipes and tubes. The Cold Rolled Coil segment is in the business of manufacturing and sales of cold-rolled coils. The investment holding segment refers to companies with investments in subsidiaries and companies with investments in quoted and unquoted equity securities. Others comprise companies involved in the food, trade-retail business, modular construction, and metal scraps trading businesses. It generates maximum revenue from the Cold rolled coil segment. Geographically, the group operates in Malaysia.

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