Coastal Contracts Bhd (XKLS:5071) Inventory Turnover : 0.37 (As of Dec. 2024)

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What is Coastal Contracts 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. Coastal Contracts Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM35.51 Mil. Coastal Contracts Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM94.82 Mil. Coastal Contracts Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coastal Contracts Bhd's Days Inventory for the three months ended in Dec. 2024 was 243.69.

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. Coastal Contracts Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 2.40.

Coastal Contracts Bhd Inventory Turnover Historical Data

The historical data trend for Coastal Contracts 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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Coastal Contracts Bhd Inventory Turnover Chart

Coastal Contracts Bhd Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Dec24

Inventory Turnover

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0.28

0.69

0.86

1.99

1.02

Coastal Contracts Bhd Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.34	0.37	0.29	0.22	0.37

Coastal Contracts Bhd Inventory Turnover Calculation

Coastal Contracts Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	73.303	/ (	(25.017	+	119.272)	/	2 )
=	73.303	/	72.1445
=	1.02

Coastal Contracts Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	35.507	/ (	(70.373	+	119.272)	/	2 )
=	35.507	/	94.8225
=	0.37

Coastal Contracts Bhd (XKLS:5071) 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.

Coastal Contracts Bhd's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	94.8225	/	35.507	*	365 / 4
	=	243.69

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.

Coastal Contracts Bhd's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	94.8225	/	39.568
	=	2.40

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.

Coastal Contracts Bhd Inventory Turnover Related Terms

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Coastal Contracts Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Coastal Contracts Bhd (XKLS:5071) » Definitions » Inventory Turnover

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Address

Block G, W.D.T. 259, Lot 3B, Bandar Leila, Sandakan, SBH, MYS, 90009

Website

https://www.coastalcontracts.com

Coastal Contracts Bhd provides marine products and services to the shipping, oil and gas, and commodities industries. Along with its subsidiaries, it operates in the following segments; Gas processing which provides onshore gas conditioning and jack-up gas compression services; Vessels manufacturing and repairing services segment which is engaged in the fabrication and sale of offshore support and marine transportation vessels, and provision of ship repairs and maintenance services; and the Vessels chartering and equipment hire segment which provides vessels transportation and equipment hiring services. Maximum revenue for the company is generated from the Gas processing segment. Geographically, it derives key revenue from Mexico followed by China, Malaysia, Saudi Arabia, and others.

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