Iconic Worldwide Bhd (XKLS:9113) Inventory Turnover : 0.75 (As of Dec. 2023)

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What is Iconic Worldwide 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. Iconic Worldwide Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM14.69 Mil. Iconic Worldwide Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM19.54 Mil. Iconic Worldwide Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iconic Worldwide Bhd's Days Inventory for the three months ended in Dec. 2023 was 121.34.

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. Iconic Worldwide Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.31.

Iconic Worldwide Bhd Inventory Turnover Historical Data

The historical data trend for Iconic Worldwide 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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Iconic Worldwide Bhd Inventory Turnover Chart

Iconic Worldwide Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.80

0.45

0.88

1.33

1.63

Iconic Worldwide 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															0.42	0.96	0.34	0.44	0.75

Iconic Worldwide Bhd Inventory Turnover Calculation

Iconic Worldwide Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	93.367	/ (	(77.705	+	36.662)	/	2 )
=	93.367	/	57.1835
=	1.63

Iconic Worldwide 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 )
=	14.691	/ (	(20.089	+	18.981)	/	2 )
=	14.691	/	19.535
=	0.75

Iconic Worldwide Bhd (XKLS:9113) 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.

Iconic Worldwide 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
	=	19.535	/	14.691	*	365 / 4
	=	121.34

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.

Iconic Worldwide 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 )
	=	19.535	/	14.902
	=	1.31

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.

Iconic Worldwide Bhd Inventory Turnover Related Terms

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Iconic Worldwide Bhd (XKLS:9113) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Iconic Worldwide Bhd (XKLS:9113) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1-2, Jalan Icon City, Icon City, Bukit Mertajam, PNG, MYS, 14000

Website

https://www.iconicworldwide.com.my

Iconic Worldwide Bhd is an investment holding company. The company is involved in tourism and property businesses. The company is organized into the following reportable segments: Property development including construction and sale of commercial properties which generates maximum revenue for the company; Manufacturing segment involved in the manufacturing of personal protective equipment, mainly disposable face masks and gloves; Tourism services engaged in the provision of tours and ticketing services, transportation services, hospitality services and trading of souvenirs, and other tourism-related products; and Others segment comprises investment holding, trading, warehousing, mobile crane services, timber log trading, sawmilling and manufacturing of downstream timber products.

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