B. I. G. Industries Bhd (XKLS:7005) Inventory Turnover : 0.43 (As of Mar. 2024)

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What is B. I. G. Industries 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. B. I. G. Industries Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM3.82 Mil. B. I. G. Industries Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM8.79 Mil. B. I. G. Industries Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. B. I. G. Industries Bhd's Days Inventory for the three months ended in Mar. 2024 was 210.24.

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. B. I. G. Industries Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

B. I. G. Industries Bhd Inventory Turnover Historical Data

The historical data trend for B. I. G. Industries 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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B. I. G. Industries Bhd Inventory Turnover Chart

B. I. G. Industries Bhd Annual Data

Trend

Dec13

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.17

2.32

2.23

3.56

2.67

B. I. G. Industries 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															0.65	0.48	0.53	0.52	0.43

B. I. G. Industries Bhd Inventory Turnover Calculation

B. I. G. Industries 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 )
=	16.822	/ (	(4.524	+	8.078)	/	2 )
=	16.822	/	6.301
=	2.67

B. I. G. Industries 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 )
=	3.817	/ (	(8.441	+	9.148)	/	2 )
=	3.817	/	8.7945
=	0.43

B. I. G. Industries Bhd (XKLS:7005) 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.

B. I. G. Industries 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
	=	8.7945	/	3.817	*	365 / 4
	=	210.24

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.

B. I. G. Industries 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 )
	=	8.7945	/	9.417
	=	0.93

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.

B. I. G. Industries Bhd Inventory Turnover Related Terms

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B. I. G. Industries Bhd (XKLS:7005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » B. I. G. Industries Bhd (XKLS:7005) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Jalan Tinju 13/50, 19D, 4th Floor, Block 2, Section 13, Worldwide Business Centre, Shah Alam, SGR, MYS, 40675

Website

https://www.bigind.com.my

B. I. G. Industries Bhd is engaged in manufacturing, distributing, and marketing industrial gases; property development and manufacturing and sale of ready-mix concrete products, manufacturing and trading of reinforced concrete piles and distribution of cement. It operates through the following segments: Industrial gas, Concrete, Property development and construction, and Corporate/Others.

B. I. G. Industries Bhd (XKLS:7005) Headlines

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