Hup Seng Industries Bhd (XKLS:5024) Inventory Turnover : 2.12 (As of Mar. 2024)

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What is Hup Seng Industries 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. Hup Seng Industries Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM63.0 Mil. Hup Seng Industries Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM29.7 Mil. Hup Seng Industries Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hup Seng Industries Bhd's Days Inventory for the three months ended in Mar. 2024 was 43.05.

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. Hup Seng Industries Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.32.

Hup Seng Industries Bhd Inventory Turnover Historical Data

The historical data trend for Hup Seng Industries 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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Hup Seng Industries Bhd Inventory Turnover Chart

Hup Seng Industries Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.22

8.24

7.39

8.25

8.28

Hup Seng Industries 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															2.08	2.00	2.33	2.27	2.12

Hup Seng Industries Bhd Inventory Turnover Calculation

Hup Seng Industries 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 )
=	248.814	/ (	(29.941	+	30.126)	/	2 )
=	248.814	/	30.0335
=	8.28

Hup Seng Industries 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 )
=	62.993	/ (	(30.126	+	29.314)	/	2 )
=	62.993	/	29.72
=	2.12

Hup Seng Industries Bhd (XKLS:5024) 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.

Hup Seng Industries 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
	=	29.72	/	62.993	*	365 / 4
	=	43.05

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.

Hup Seng Industries 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 )
	=	29.72	/	93.565
	=	0.32

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.

Hup Seng Industries Bhd Inventory Turnover Related Terms

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Hup Seng Industries Bhd (XKLS:5024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hup Seng Industries Bhd (XKLS:5024) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

14 Jalan Kilang, Kawasan Perindustrian, Batu Pahat, Tongkang Pecah, JHR, MYS, 83010

Website

https://www.hsib.com.my

Hup Seng Industries Bhd is engaged in the business of manufacturing biscuits. Principally, it is involved in the production and sale of biscuits and confectionery food items as well as beverages. The company operates through three segments. It's Biscuit manufacturing segment manufacture and sells biscuits. The Beverage segment consists of wholesale of coffee mix and all kinds of foodstuff. It's Trading division segment markets and distributes biscuits, confectionery, and other foodstuffs. The company offers special cream crackers, cookies, cream sandwich biscuits, peanut butter sandwich, and many more.

Hup Seng Industries Bhd (XKLS:5024) Headlines

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