Harrisons Holdings (Malaysia) Bhd (XKLS:5008) Inventory Turnover : 1.87 (As of Dec. 2023)

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What is Harrisons Holdings (Malaysia) 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. Harrisons Holdings (Malaysia) Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM436 Mil. Harrisons Holdings (Malaysia) Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM233 Mil. Harrisons Holdings (Malaysia) Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harrisons Holdings (Malaysia) Bhd's Days Inventory for the three months ended in Dec. 2023 was 48.80.

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. Harrisons Holdings (Malaysia) Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Harrisons Holdings (Malaysia) Bhd Inventory Turnover Historical Data

The historical data trend for Harrisons Holdings (Malaysia) 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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Harrisons Holdings (Malaysia) Bhd Inventory Turnover Chart

Harrisons Holdings (Malaysia) Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.26

8.55

10.77

9.88

8.16

Harrisons Holdings (Malaysia) 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															1.91	2.57	2.59	2.42	1.87

Harrisons Holdings (Malaysia) Bhd Inventory Turnover Calculation

Harrisons Holdings (Malaysia) 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 )
=	1993.55	/ (	(235.136	+	253.409)	/	2 )
=	1993.55	/	244.2725
=	8.16

Harrisons Holdings (Malaysia) 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 )
=	436.278	/ (	(213.209	+	253.409)	/	2 )
=	436.278	/	233.309
=	1.87

Harrisons Holdings (Malaysia) Bhd (XKLS:5008) 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.

Harrisons Holdings (Malaysia) 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
	=	233.309	/	436.278	*	365 / 4
	=	48.80

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.

Harrisons Holdings (Malaysia) 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 )
	=	233.309	/	503.984
	=	0.46

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.

Harrisons Holdings (Malaysia) Bhd Inventory Turnover Related Terms

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Harrisons Holdings (Malaysia) Bhd (XKLS:5008) Business Description

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Address

10, Jalan Raja Laut, Unit 9A, 9th Floor, Wisma Bumi Raya, Wisma Bumi Raya, Kuala Lumpur, MYS, 50350

Website

https://www.harrisons.com.my

Harrisons Holdings (Malaysia) Bhd is a sale, marketing, warehousing, distribution, and services organization in Malaysia. It has three reporting business segments: Trading and distribution; Retail; and Shipping and others. The Trading and distribution segment operations generate majority revenue for the company which comprises trading and distribution of consumer products, building materials, industrial and agricultural chemical products, and liquor products. It has a business presence in Sabah, Sarawak, Peninsular Malaysia and Singapore.

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