V.S Industry Bhd (XKLS:6963) Inventory Turnover : 1.33 (As of Jan. 2024)

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What is V.S Industry 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. V.S Industry Bhd's Cost of Goods Sold for the three months ended in Jan. 2024 was RM844 Mil. V.S Industry Bhd's Average Total Inventories for the quarter that ended in Jan. 2024 was RM634 Mil. V.S Industry Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. V.S Industry Bhd's Days Inventory for the three months ended in Jan. 2024 was 68.55.

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. V.S Industry Bhd's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.71.

V.S Industry Bhd Inventory Turnover Historical Data

The historical data trend for V.S Industry 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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V.S Industry Bhd Inventory Turnover Chart

V.S Industry Bhd Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Inventory Turnover

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9.41

8.31

7.18

4.49

5.11

V.S Industry Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.27	1.23	1.48	1.55	1.33

V.S Industry Bhd Inventory Turnover Calculation

V.S Industry Bhd's Inventory Turnover for the fiscal year that ended in Jul. 2023 is calculated as

	Inventory Turnover (A: Jul. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2023 )	/ (	(Total Inventories (A: Jul. 2022 )	+	Total Inventories (A: Jul. 2023 ))	/	count )
=	4161.394	/ (	(925.006	+	703.779)	/	2 )
=	4161.394	/	814.3925
=	5.11

V.S Industry Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	844.46	/ (	(657.024	+	611.675)	/	2 )
=	844.46	/	634.3495
=	1.33

V.S Industry Bhd (XKLS:6963) 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.

V.S Industry Bhd's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	634.3495	/	844.46	*	365 / 4
	=	68.55

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.

V.S Industry Bhd's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	634.3495	/	895.022
	=	0.71

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.

V.S Industry Bhd Inventory Turnover Related Terms

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V.S Industry Bhd (XKLS:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » V.S Industry Bhd (XKLS:6963) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 88 Jalan I-Park SAC 5, Taman Perindustrian I-Park SAC, Senai, JHR, MYS, 81400

Website

http://www.vs-i.com

V.S Industry Bhd is engaged in the manufacturing, assembling, and sale of electronic and electrical products and plastic moulded components and parts. It is an integrated Electronics Manufacturing Services (EMS) provider in the region. The manufacturing services include plastic injection mould design and fabrication, a wide range of injection tonnage and finishing processes, large-scale production of printed circuit boards, automated assembly, and final processes of packaging and logistics. Geographically, it derives a majority of its revenue from Malaysia and also has a presence in the United States of America, Europe, Indonesia, Singapore, the People's Republic of China, and others.

V.S Industry Bhd (XKLS:6963) Headlines

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