Mpire Global Bhd (XKLS:7943) Inventory Turnover : 0.06 (As of Mar. 2024)

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What is Mpire Global 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. Mpire Global Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM4.37 Mil. Mpire Global Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM68.56 Mil. Mpire Global Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mpire Global Bhd's Days Inventory for the three months ended in Mar. 2024 was 1,432.01.

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. Mpire Global Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 13.22.

Mpire Global Bhd Inventory Turnover Historical Data

The historical data trend for Mpire Global 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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Mpire Global Bhd Inventory Turnover Chart

Mpire Global Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.27

19.80

20.98

6.93

0.50

Mpire Global 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															0.66	0.52	0.12	0.08	0.06

Mpire Global Bhd Inventory Turnover Calculation

Mpire Global 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 )
=	17.889	/ (	(5.1	+	66.735)	/	2 )
=	17.889	/	35.9175
=	0.50

Mpire Global 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 )
=	4.369	/ (	(66.735	+	70.393)	/	2 )
=	4.369	/	68.564
=	0.06

Mpire Global Bhd (XKLS:7943) 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.

Mpire Global 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
	=	68.564	/	4.369	*	365 / 4
	=	1,432.01

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.

Mpire Global 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 )
	=	68.564	/	5.187
	=	13.22

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.

Mpire Global Bhd Inventory Turnover Related Terms

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Mpire Global Bhd (XKLS:7943) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mpire Global Bhd (XKLS:7943) » Definitions » Inventory Turnover

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N/A

Address

Avenue 5, The Horizon Phase 2, Ground Floor Office 1, Tower 8, Bangsar South City, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.sncbhd.com.my

Mpire Global Bhd formerly Sand Nisko Capital Bhd is an investment holding company which is engaged in the provision of management services. The company operates in the segments of Manufacturing and trading of furniture, Rental income, and Construction. It derives majority of revenue from Construction segment which is engaged in Building construction and engineering works. The group has business operations in Malaysia and other countries, of which key revenue is generated from the Malaysia.

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