Hiap Teck Venture Bhd (XKLS:5072) Inventory Turnover : 0.84 (As of Jan. 2024)

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What is Hiap Teck Venture 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. Hiap Teck Venture Bhd's Cost of Goods Sold for the three months ended in Jan. 2024 was RM425 Mil. Hiap Teck Venture Bhd's Average Total Inventories for the quarter that ended in Jan. 2024 was RM507 Mil. Hiap Teck Venture Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hiap Teck Venture Bhd's Days Inventory for the three months ended in Jan. 2024 was 108.74.

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. Hiap Teck Venture Bhd's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.10.

Hiap Teck Venture Bhd Inventory Turnover Historical Data

The historical data trend for Hiap Teck Venture 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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Hiap Teck Venture Bhd Inventory Turnover Chart

Hiap Teck Venture Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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2.59

2.21

2.27

2.56

2.83

Hiap Teck Venture Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.81	0.76	0.89	0.82	0.84

Hiap Teck Venture Bhd Inventory Turnover Calculation

Hiap Teck Venture Bhd's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	1535.944	/ (	(641.703	+	444.106)	/	2 )
=	1535.944	/	542.9045
=	2.83

Hiap Teck Venture Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	425.078	/ (	(499.497	+	513.567)	/	2 )
=	425.078	/	506.532
=	0.84

Hiap Teck Venture Bhd (XKLS:5072) 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.

Hiap Teck Venture Bhd's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	506.532	/	425.078	*	365 / 4
	=	108.74

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.

Hiap Teck Venture Bhd's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	506.532	/	459.454
	=	1.10

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.

Hiap Teck Venture Bhd Inventory Turnover Related Terms

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Hiap Teck Venture Bhd (XKLS:5072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hiap Teck Venture Bhd (XKLS:5072) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.htgrp.com.my

Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

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