SKP Resources Bhd (XKLS:7155) Inventory Turnover : 1.91 (As of Dec. 2023)

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What is SKP 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. SKP Resources Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM393 Mil. SKP Resources Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM206 Mil. SKP Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SKP Resources Bhd's Days Inventory for the three months ended in Dec. 2023 was 47.87.

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. SKP Resources Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

SKP Resources Bhd Inventory Turnover Historical Data

The historical data trend for SKP 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.

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SKP Resources Bhd Inventory Turnover Chart

SKP Resources Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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13.72

12.73

10.29

8.39

8.65

SKP Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.97	1.58	1.49	1.93	1.91

SKP Resources Bhd Inventory Turnover Calculation

SKP Resources Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2195.377	/ (	(254.658	+	252.836)	/	2 )
=	2195.377	/	253.747
=	8.65

SKP Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	392.634	/ (	(226.141	+	185.773)	/	2 )
=	392.634	/	205.957
=	1.91

SKP Resources Bhd (XKLS:7155) 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.

SKP Resources Bhd's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	205.957	/	392.634	*	365 / 4
	=	47.87

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.

SKP Resources Bhd's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	205.957	/	453.1
	=	0.45

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.

SKP Resources Bhd Inventory Turnover Related Terms

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SKP Resources Bhd (XKLS:7155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SKP Resources Bhd (XKLS:7155) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Jalan Kluang, No.421, 4th Miles, Batu Pahat, JHR, MYS, 83000

Website

https://www.skpres.com

SKP Resources Bhd is an investment holding and provision of a management service company. It is engaged in the manufacturing of plastic products. The company's operating segment includes Sales of goods and Others. It generates majority revenue from the Sales of goods segment. Geographically, it operates only in Malaysia. Its services include Design and Engineering; Tool and Die Fabrication; Injection Moulding and Cosmetic Finishing; Contract Manufacturing and Component Assembly; Manufacturing Services and Logistics and Fulfillment.

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