Dayang Enterprise Holdings Bhd (XKLS:5141) Inventory Turnover : 23.46 (As of Mar. 2024)

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What is Dayang Enterprise Holdings 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. Dayang Enterprise Holdings Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM162 Mil. Dayang Enterprise Holdings Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM7 Mil. Dayang Enterprise Holdings Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 23.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dayang Enterprise Holdings Bhd's Days Inventory for the three months ended in Mar. 2024 was 3.89.

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. Dayang Enterprise Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Dayang Enterprise Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Dayang Enterprise Holdings 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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Dayang Enterprise Holdings Bhd Inventory Turnover Chart

Dayang Enterprise Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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75.24

71.34

79.38

83.06

83.91

Dayang Enterprise Holdings 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															10.46	13.76	17.01	19.86	23.46

Dayang Enterprise Holdings Bhd Inventory Turnover Calculation

Dayang Enterprise Holdings 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 )
=	639.105	/ (	(7.545	+	7.689)	/	2 )
=	639.105	/	7.617
=	83.91

Dayang Enterprise Holdings 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 )
=	162.003	/ (	(7.689	+	6.121)	/	2 )
=	162.003	/	6.905
=	23.46

Dayang Enterprise Holdings Bhd (XKLS:5141) 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.

Dayang Enterprise Holdings 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
	=	6.905	/	162.003	*	365 / 4
	=	3.89

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.

Dayang Enterprise Holdings 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 )
	=	6.905	/	247.121
	=	0.03

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.

Dayang Enterprise Holdings Bhd Inventory Turnover Related Terms

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Dayang Enterprise Holdings Bhd (XKLS:5141) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Dayang Enterprise Holdings Bhd (XKLS:5141) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jalan Taman Raja MCLD, Sublot 5 - 10, Lot 46, Block 10, Miri, SWK, MYS, 98000

Website

https://www.desb.net

Dayang Enterprise Holdings Bhd is an investment holding company. Its operating segments include Topside maintenance services and Marine offshore support services. Topside maintenance services include the provision of offshore topside maintenance services, minor fabrication works, and offshore hook-up and commissioning services for oil and gas companies. Marine offshore support services involve chartering of marine vessels and the provision of related support services, as well as catering of food and beverage. Dayang generates the majority of its revenues from Topside maintenance services.

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