JCY International Bhd (XKLS:5161) Inventory Turnover : 0.69 (As of Mar. 2024)

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What is JCY International 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. JCY International Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM138.4 Mil. JCY International Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM200.7 Mil. JCY International Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JCY International Bhd's Days Inventory for the three months ended in Mar. 2024 was 132.36.

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. JCY International Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.36.

JCY International Bhd Inventory Turnover Historical Data

The historical data trend for JCY International 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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JCY International Bhd Inventory Turnover Chart

JCY International Bhd Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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4.79

5.18

4.85

3.10

2.00

JCY International 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															0.44	0.57	0.59	0.59	0.69

JCY International Bhd Inventory Turnover Calculation

JCY International Bhd's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	561.159	/ (	(330.209	+	230.122)	/	2 )
=	561.159	/	280.1655
=	2.00

JCY International 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 )
=	138.356	/ (	(207.832	+	193.558)	/	2 )
=	138.356	/	200.695
=	0.69

JCY International Bhd (XKLS:5161) 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.

JCY International 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
	=	200.695	/	138.356	*	365 / 4
	=	132.36

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.

JCY International 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 )
	=	200.695	/	147.146
	=	1.36

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.

JCY International Bhd Inventory Turnover Related Terms

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JCY International Bhd (XKLS:5161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » JCY International Bhd (XKLS:5161) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 3, Jalan Firma 3, Kawasan Perindustrian Tebrau IV, Johor Bahru, JHR, MYS, 81100

Website

https://www.jcyinternational.com

JCY International Bhd and its subsidiaries are in the business of investment holding and manufacturing & trading of hard disk drive components. The company operates in Malaysia, Thailand, and other segments. It derives the majority of its revenues from Malaysia. Its products include LED Light Bulbs, Solar Micro Inverters, Baseplates, Solid State Drive Enclosures, Covers, Heat Sinks, Prototype Hog Out, Hard Disk Drive Cover, Separator Plates, Actuator Arm Body, Form-In-Place Gasket and others.

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