Heitech Padu Bhd (XKLS:5028) Inventory Turnover : 141.84 (As of Mar. 2024)

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What is Heitech Padu 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. Heitech Padu Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM43.0 Mil. Heitech Padu Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM0.3 Mil. Heitech Padu Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 141.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Heitech Padu Bhd's Days Inventory for the three months ended in Mar. 2024 was 0.64.

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. Heitech Padu Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Heitech Padu Bhd Inventory Turnover Historical Data

The historical data trend for Heitech Padu 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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Heitech Padu Bhd Inventory Turnover Chart

Heitech Padu Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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460.74

602.07

658.62

829.36

785.08

Heitech Padu 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															242.27	165.33	212.11	129.48	141.84

Heitech Padu Bhd Inventory Turnover Calculation

Heitech Padu 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 )
=	180.175	/ (	(0.235	+	0.224)	/	2 )
=	180.175	/	0.2295
=	785.08

Heitech Padu 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 )
=	43.047	/ (	(0.224	+	0.383)	/	2 )
=	43.047	/	0.3035
=	141.84

Heitech Padu Bhd (XKLS:5028) 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.

Heitech Padu 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
	=	0.3035	/	43.047	*	365 / 4
	=	0.64

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.

Heitech Padu 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 )
	=	0.3035	/	61.633
	=	0.00

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.

Heitech Padu Bhd Inventory Turnover Related Terms

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Heitech Padu Bhd (XKLS:5028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Heitech Padu Bhd (XKLS:5028) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Persiaran Kewajipan, USJ 1, Level 15, HeiTech Village, UEP Subang Jaya, Subang Jaya, Selangor Darul Ehsan, MYS, 47600

Website

https://www.heitech.com.my

Heitech Padu Bhd offers systems integration, network related services, data centre management, disaster recovery services, and other information technology related services. The group is reorganized based on business maturity and is segregated as Core 1, which offers system integration and application development focusing on business acquisition for largely the Public Sector market. Core 2, which represents various offerings in different sectors by the group's subsidiaries; and Core 3, which carries the offerings for business acquisition mainly for the transport, financial services, and other segments. Geographically, it operates in Malaysia, Australia, and Indonesia. It has three operating segments: Information technology; Mailing and document processing services and Engineering works.

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