CPE Technology Bhd (XKLS:5317) Inventory Turnover : 1.99 (As of Jun. 2023)

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What is CPE Technology 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. CPE Technology Bhd's Cost of Goods Sold for the six months ended in Jun. 2023 was RM93.8 Mil. CPE Technology Bhd's Average Total Inventories for the quarter that ended in Jun. 2023 was RM47.1 Mil. CPE Technology Bhd's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CPE Technology Bhd's Days Inventory for the six months ended in Jun. 2023 was 91.74.

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. CPE Technology Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.32.

CPE Technology Bhd Inventory Turnover Historical Data

The historical data trend for CPE Technology 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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CPE Technology Bhd Inventory Turnover Chart

CPE Technology Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

2.35

3.07

3.50

2.80

1.99

CPE Technology Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Jun22	Jun23
Inventory Turnover	2.35	3.07	3.50	2.80	1.99

CPE Technology Bhd Inventory Turnover Calculation

CPE Technology Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	93.768	/ (	(40.605	+	53.667)	/	2 )
=	93.768	/	47.136
=	1.99

CPE Technology Bhd's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	93.768	/ (	(40.605	+	53.667)	/	2 )
=	93.768	/	47.136
=	1.99

CPE Technology Bhd (XKLS:5317) 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.

CPE Technology Bhd's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	47.136	/	93.768	*	365 / 2
	=	91.74

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.

CPE Technology Bhd's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	47.136	/	145.275
	=	0.32

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.

CPE Technology Bhd Inventory Turnover Related Terms

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CPE Technology Bhd (XKLS:5317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPE Technology Bhd (XKLS:5317) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800

Website

https://www.cpetbhd.com

CPE Technology Bhd is an engineering support services provider principally involved in the manufacturing of precision-machined parts and components and the provision of CNC machining services. The precision-machined parts and components are then used by its customers in different industries which include, but not limited to, semiconductors, life science and medical devices, sports equipment, sensor equipment and security industries in Malaysia and overseas. The company utilizes CNC machining as its primary process such as milling, turning and lathing before going through associated secondary processes which include, but not limited to, polishing, grinding and sandblasting to produce precision-machined parts and components from metal rods and blocks.

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