UMS-Neiken Group Bhd (XKLS:7227) Inventory Turnover : 0.68 (As of Dec. 2023)

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What is UMS-Neiken 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. UMS-Neiken Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM13.56 Mil. UMS-Neiken Group Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM19.80 Mil. UMS-Neiken Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. UMS-Neiken Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 133.27.

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. UMS-Neiken Group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.16.

UMS-Neiken Group Bhd Inventory Turnover Historical Data

The historical data trend for UMS-Neiken 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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UMS-Neiken Group Bhd Inventory Turnover Chart

UMS-Neiken Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.47

2.54

2.26

2.06

2.51

UMS-Neiken Group 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															0.52	0.53	0.78	0.73	0.68

UMS-Neiken Group Bhd Inventory Turnover Calculation

UMS-Neiken Group 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 )
=	52.195	/ (	(21.23	+	20.33)	/	2 )
=	52.195	/	20.78
=	2.51

UMS-Neiken Group 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 )
=	13.559	/ (	(19.276	+	20.33)	/	2 )
=	13.559	/	19.803
=	0.68

UMS-Neiken Group Bhd (XKLS:7227) 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.

UMS-Neiken Group 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
	=	19.803	/	13.559	*	365 / 4
	=	133.27

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.

UMS-Neiken Group 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 )
	=	19.803	/	17.02
	=	1.16

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.

UMS-Neiken Group Bhd Inventory Turnover Related Terms

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UMS-Neiken Group Bhd (XKLS:7227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » UMS-Neiken Group Bhd (XKLS:7227) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lot 48, Jalan Industri 2/1, Rawang Integrated Industrial Park, Rawang, MYS, 48000

Website

https://www.ums-neiken.com

UMS-Neiken Group Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, manufacturing, and trading of electrical wiring accessories, and related electric products. Its products include different types of switches, sockets, plugs, starters, weatherproof covers, and others. Geographically, the group has a business presence in Malaysia, Vietnam, and Singapore, of which key revenue is derived from Malaysia.

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