White Horse Bhd (XKLS:5009) Inventory Turnover : 0.50 (As of Mar. 2024)

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What is White Horse 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. White Horse Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM93.0 Mil. White Horse Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM186.6 Mil. White Horse Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. White Horse Bhd's Days Inventory for the three months ended in Mar. 2024 was 183.15.

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. White Horse Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.75.

White Horse Bhd Inventory Turnover Historical Data

The historical data trend for White Horse 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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White Horse Bhd Inventory Turnover Chart

White Horse Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.38

1.41

1.81

1.74

1.73

White Horse 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															0.40	0.48	0.55	0.45	0.50

White Horse Bhd Inventory Turnover Calculation

White Horse 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 )
=	362.575	/ (	(227.342	+	190.74)	/	2 )
=	362.575	/	209.041
=	1.73

White Horse 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 )
=	92.959	/ (	(190.74	+	182.424)	/	2 )
=	92.959	/	186.582
=	0.50

White Horse Bhd (XKLS:5009) 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.

White Horse 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
	=	186.582	/	92.959	*	365 / 4
	=	183.15

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.

White Horse 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 )
	=	186.582	/	106.536
	=	1.75

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.

White Horse Bhd Inventory Turnover Related Terms

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White Horse Bhd (XKLS:5009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » White Horse Bhd (XKLS:5009) » Definitions » Inventory Turnover

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Address

Pasir Gudang Industrial Estate, PLO 464, Jalan Gangsa, Pasir Gudang, JHR, MYS, 81700

Website

https://www.whitehorse.my

White Horse Bhd. is an investment holding company, which is engaged in the manufacturing of ceramic wall, floor tiles and the provision of management services. Its segments include Malaysia, Vietnam, and Others. The Malaysia segment includes the manufacturing and distribution of ceramic homogenous tiles in Malaysia. The Vietnam segment includes the manufacturing and distribution of ceramic homogenous tiles in Vietnam. The other segments include the distribution of ceramic homogenous tiles in Indonesia, the Philippine, Singapore, and Thailand, and China. The product portfolio of the group consists of ceramic wall tiles, ceramic floor tiles, and porcelain tiles. It generates the majority of revenue from the Malaysian segment.

White Horse Bhd (XKLS:5009) Headlines

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