Mycron Steel Bhd (XKLS:5087) Inventory Turnover : 0.86 (As of Dec. 2024)

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What is Mycron Steel 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. Mycron Steel Bhd's Cost of Goods Sold for the three months ended in Dec. 2024 was RM192.6 Mil. Mycron Steel Bhd's Average Total Inventories for the quarter that ended in Dec. 2024 was RM223.1 Mil. Mycron Steel Bhd's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mycron Steel Bhd's Days Inventory for the three months ended in Dec. 2024 was 105.72.

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. Mycron Steel Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.09.

Mycron Steel Bhd Inventory Turnover Historical Data

The historical data trend for Mycron Steel 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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Mycron Steel Bhd Inventory Turnover Chart

Mycron Steel Bhd Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Inventory Turnover

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3.29

3.31

2.52

2.29

3.38

Mycron Steel Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.02	0.94	0.81	0.76	0.86

Mycron Steel Bhd Inventory Turnover Calculation

Mycron Steel Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	742.379	/ (	(173.694	+	265.895)	/	2 )
=	742.379	/	219.7945
=	3.38

Mycron Steel 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 )
=	192.577	/ (	(226.534	+	219.7)	/	2 )
=	192.577	/	223.117
=	0.86

Mycron Steel Bhd (XKLS:5087) 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.

Mycron Steel 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
	=	223.117	/	192.577	*	365 / 4
	=	105.72

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.

Mycron Steel 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 )
	=	223.117	/	204.054
	=	1.09

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.

Mycron Steel Bhd Inventory Turnover Related Terms

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Mycron Steel Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Mycron Steel Bhd (XKLS:5087) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lot 717, Jalan Sungai Rasau, Seksyen 16, Shah Alam, SGR, MYS, 40200

Website

https://www.mycronsteel.com

Mycron Steel Bhd is involved in the manufacturing of accessories made from steel, steel tubes, and pipes. The company mainly involves in the manufacture of Cold rolled coil-related products used in automotive, electrical appliances, electronics, and construction industries; Steel tubes, and Others. Its product portfolio includes cold-rolled electrical sheets, galvanized zinc sheets, tin-plated sheets, and electro-galvanized iron sheets. The company's operating segment includes Cold rolled coil; Steel tube and others. It generates maximum revenue from the Cold rolled Coil following Steel Tube.

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