Handal Energy Bhd (XKLS:7253) Inventory Turnover : 0.17 (As of Sep. 2024)

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What is Handal Energy 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. Handal Energy Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM1.49 Mil. Handal Energy Bhd's Average Total Inventories for the quarter that ended in Sep. 2024 was RM8.52 Mil. Handal Energy Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Handal Energy Bhd's Days Inventory for the three months ended in Sep. 2024 was 522.68.

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. Handal Energy Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 3.55.

Handal Energy Bhd Inventory Turnover Historical Data

The historical data trend for Handal Energy 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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Handal Energy Bhd Inventory Turnover Chart

Handal Energy Bhd Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Jun20

Jun21

Inventory Turnover

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3.93

3.47

7.74

6.97

4.80

Handal Energy Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.13	0.15	0.02	0.11	0.17

Handal Energy Bhd Inventory Turnover Calculation

Handal Energy Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	46.276	/ (	(10.054	+	9.226)	/	2 )
=	46.276	/	9.64
=	4.80

Handal Energy Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1.487	/ (	(7.369	+	9.666)	/	2 )
=	1.487	/	8.5175
=	0.17

Handal Energy Bhd (XKLS:7253) 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.

Handal Energy Bhd's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	8.5175	/	1.487	*	365 / 4
	=	522.68

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.

Handal Energy Bhd's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	8.5175	/	2.399
	=	3.55

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.

Handal Energy Bhd Inventory Turnover Related Terms

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Handal Energy Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Handal Energy Bhd (XKLS:7253) » Definitions » Inventory Turnover

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Address

Mukim Teluk Kalong, Lot PT7358, Kawasan Perindustrian Teluk Kalong, Kemaman, Terengganu Darul Iman, TRG, MYS, 24007

Website

https://www.handalenergy.com

Handal Energy Bhd provides integrated crane services in Malaysia. The company's operating segment includes Investment holding; Integrated, maintenance, repair and overhaul services; and other segments. It generates maximum revenue from the Integrated, maintenance, repair and overhaul services segment. Geographically, it operates only in Malaysia.

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