S P Setia Bhd (XKLS:8664) Inventory Turnover : 0.21 (As of Dec. 2023)

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What is S P Setia 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. S P Setia Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM912 Mil. S P Setia Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM4,281 Mil. S P Setia Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. S P Setia Bhd's Days Inventory for the three months ended in Dec. 2023 was 428.28.

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. S P Setia Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.09.

S P Setia Bhd Inventory Turnover Historical Data

The historical data trend for S P Setia 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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S P Setia Bhd Inventory Turnover Chart

S P Setia Bhd Annual Data

Trend

Oct13

Oct14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.64

0.58

0.66

0.83

0.73

S P Setia 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															0.34	0.18	0.16	0.19	0.21

S P Setia Bhd Inventory Turnover Calculation

S P Setia 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 )
=	3032.345	/ (	(4059.808	+	4265.465)	/	2 )
=	3032.345	/	4162.6365
=	0.73

S P Setia 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 )
=	912.153	/ (	(4296.896	+	4265.465)	/	2 )
=	912.153	/	4281.1805
=	0.21

S P Setia Bhd (XKLS:8664) 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.

S P Setia 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
	=	4281.1805	/	912.153	*	365 / 4
	=	428.28

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.

S P Setia 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 )
	=	4281.1805	/	1383.815
	=	3.09

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.

S P Setia Bhd Inventory Turnover Related Terms

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S P Setia Bhd (XKLS:8664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » S P Setia Bhd (XKLS:8664) » Definitions » Inventory Turnover

Traded in Other Exchanges

8664PB.PFD:Malaysia 8664PA.PFD:Malaysia

Address

12, Persiaran Setia Dagang, Setia Alam, Seksyen U13, S P Setia Berhad Corporate HQ, Shah Alam, MYS, 40170

Website

https://www.spsetia.com

S P Setia Bhd is a general real estate company that reports in three segments: Property Development, Construction, and Other operations. The vast majority of Setia's revenue is generated by its property development business, which focuses on developing residential and commercial facilities, followed by its construction segment. Setia's construction segment focuses on building and highway construction. The company considers merger and acquisition investment as a component of its operational growth strategy.

S P Setia Bhd (XKLS:8664) Headlines

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