Mynews Holdings Bhd (XKLS:5275) Inventory Turnover : 1.27 (As of Apr. 2024)

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What is Mynews 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. Mynews Holdings Bhd's Cost of Goods Sold for the three months ended in Apr. 2024 was RM119.7 Mil. Mynews Holdings Bhd's Average Total Inventories for the quarter that ended in Apr. 2024 was RM94.4 Mil. Mynews Holdings Bhd's Inventory Turnover for the quarter that ended in Apr. 2024 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mynews Holdings Bhd's Days Inventory for the three months ended in Apr. 2024 was 71.97.

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. Mynews Holdings Bhd's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.49.

Mynews Holdings Bhd Inventory Turnover Historical Data

The historical data trend for Mynews 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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Mynews Holdings Bhd Inventory Turnover Chart

Mynews Holdings Bhd Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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6.24

5.11

4.36

5.99

5.49

Mynews Holdings Bhd Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Inventory Turnover	Get a 7-Day Free Trial															1.37	1.47	1.37	1.28	1.27

Mynews Holdings Bhd Inventory Turnover Calculation

Mynews Holdings Bhd's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	474.358	/ (	(81.047	+	91.852)	/	2 )
=	474.358	/	86.4495
=	5.49

Mynews Holdings Bhd's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	119.703	/ (	(100.978	+	87.849)	/	2 )
=	119.703	/	94.4135
=	1.27

Mynews Holdings Bhd (XKLS:5275) 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.

Mynews Holdings Bhd's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	94.4135	/	119.703	*	365 / 4
	=	71.97

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.

Mynews Holdings Bhd's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	94.4135	/	192.771
	=	0.49

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.

Mynews Holdings Bhd Inventory Turnover Related Terms

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Mynews Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Mynews Holdings Bhd (XKLS:5275) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara, Petaling Jaya, MYS, 47810

Website

https://www.mynews.com.my

Mynews Holdings Bhd through its subsidiaries is engaged in the manufacture and convenience retailing, comprising the operations of a press and convenience retail chain in Malaysia under the trade name of myNEWS.com, newsplus, MAGBIT, and THE FRONT PAGE. The company operates principally in Malaysia.

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