GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » MBM Resources Bhd (XKLS:5983) » Definitions » Inventory Turnover

MBM Resources Bhd (XKLS:5983) Inventory Turnover : 3.49 (As of Mar. 2024)


View and export this data going back to 1995. Start your Free Trial

What is MBM Resources 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. MBM Resources Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM565 Mil. MBM Resources Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM162 Mil. MBM Resources Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MBM Resources Bhd's Days Inventory for the three months ended in Mar. 2024 was 26.12.

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. MBM Resources Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.26.


MBM Resources Bhd Inventory Turnover Historical Data

The historical data trend for MBM Resources 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.

* Premium members only.

MBM Resources Bhd Inventory Turnover Chart

MBM Resources Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.22 20.12 18.60 20.24 16.02

MBM Resources 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.14 3.63 3.56 3.81 3.49

MBM Resources Bhd Inventory Turnover Calculation

MBM Resources 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 )
=2215.743 / ((115.649 + 161.035) / 2 )
=2215.743 / 138.342
=16.02

MBM Resources 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 )
=564.609 / ((161.035 + 162.251) / 2 )
=564.609 / 161.643
=3.49

* 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.


MBM Resources Bhd  (XKLS:5983) 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.

MBM Resources 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
=161.643/564.609*365 / 4
=26.12

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.

MBM Resources 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 )
=161.643 / 617.136
=0.26

* 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.


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.


MBM Resources Bhd Inventory Turnover Related Terms

Thank you for viewing the detailed overview of MBM Resources Bhd's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


MBM Resources Bhd (XKLS:5983) Business Description

Traded in Other Exchanges
N/A
Address
23-01, Level 23, Menara MBMR, 1 Jalan Syed Putra, Kuala Lumpur, MYS, 58000
MBM Resources Bhd is a Malaysian company that is in the business of motor trading and manufacturing auto parts. It has Motor trading, Auto parts manufacturing, and Other segments. The motor trading segment covers the marketing and distribution of motor vehicles, spare parts, and the provision of related services. Auto parts segment comprises manufacturing of automotive parts and components, steel and alloy wheels and discs, noise, vibration, and harshness products, and provision of tyre assembly services. The motor trading segment generates majority of the revenues for the company.

MBM Resources Bhd (XKLS:5983) Headlines

No Headlines