IRM Group Bhd (XKLS:7220) Inventory Turnover : 1.98 (As of Mar. 2015)

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What is IRM Group 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. IRM Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2015 was RM0.09 Mil. IRM Group Bhd's Average Total Inventories for the quarter that ended in Mar. 2015 was RM0.05 Mil. IRM Group Bhd's Inventory Turnover for the quarter that ended in Mar. 2015 was 1.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IRM Group Bhd's Days Inventory for the three months ended in Mar. 2015 was 46.13.

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. IRM Group Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2015 was 0.14.

IRM Group Bhd Inventory Turnover Historical Data

The historical data trend for IRM Group 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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IRM Group Bhd Inventory Turnover Chart

IRM Group Bhd Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Inventory Turnover

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5.89

4.15

0.05

6.63

IRM Group Bhd Quarterly Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15
Inventory Turnover	Get a 7-Day Free Trial														0.18	5.00	1.99	-4.53	1.98

IRM Group Bhd Inventory Turnover Calculation

IRM Group Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2014 is calculated as

	Inventory Turnover (A: Dec. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2014 )	/ (	(Total Inventories (A: Dec. 2013 )	+	Total Inventories (A: Dec. 2014 ))	/	count )
=	1.416	/ (	(0.336	+	0.091)	/	2 )
=	1.416	/	0.2135
=	6.63

IRM Group Bhd's Inventory Turnover for the quarter that ended in Mar. 2015 is calculated as

	Inventory Turnover (Q: Mar. 2015 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2015 )	/ (	(Total Inventories (Q: Dec. 2014 )	+	Total Inventories (Q: Mar. 2015 ))	/	count )
=	0.091	/ (	(0.091	+	0.001)	/	2 )
=	0.091	/	0.046
=	1.98

IRM Group Bhd (XKLS:7220) 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.

IRM Group Bhd's Days Inventory for the three months ended in Mar. 2015 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2015 )	/	Cost of Goods Sold (Q: Mar. 2015 )	*	Days in Period
	=	0.046	/	0.091	*	365 / 4
	=	46.13

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.

IRM Group Bhd's Inventory to Revenue for the quarter that ended in Mar. 2015 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2015 )	/	Revenue (Q: Mar. 2015 )
	=	0.046	/	0.319
	=	0.14

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.

IRM Group Bhd Inventory Turnover Related Terms

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IRM Group Bhd (XKLS:7220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » IRM Group Bhd (XKLS:7220) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.irmb.com.my

IRM Group Bhd is an investment holding company. The Company is engaged in the business of manufacturing and selling of polyvinyl chloride resins and compounds, as well as plastic products such as sheeting and pipes.

IRM Group Bhd (XKLS:7220) Headlines

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