Go Innovate Asia Bhd (XKLS:03028) Total Inventories : RM46 Mil (As of Jun. 2024)

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What is Go Innovate Asia Bhd Total Inventories?

Go Innovate Asia Bhd's total inventories for the quarter that ended in Jun. 2024 was RM46 Mil. Go Innovate Asia Bhd's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was RM32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Go Innovate Asia Bhd's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was RM-0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Go Innovate Asia Bhd's Days Inventory for the six months ended in Jun. 2024 was 6.85.

Inventory Turnover measures how fast the company turns over its inventory within a year. Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 was 26.65.

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. Go Innovate Asia Bhd's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.04.

Go Innovate Asia Bhd Total Inventories Historical Data

The historical data trend for Go Innovate Asia Bhd's Total Inventories 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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Go Innovate Asia Bhd Total Inventories Chart

Go Innovate Asia Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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9.64

18.76

18.53

18.28

Go Innovate Asia Bhd Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Total Inventories	Get a 7-Day Free Trial								21.42	18.53	27.03	18.28	46.50

Go Innovate Asia Bhd Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Go Innovate Asia Bhd (XKLS:03028) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Go Innovate Asia Bhd's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(28.264	+	0.75 * 16.769	+	0.5 * 46.496	-	73.369
-	0	-	0.164)	/	300.033
=	-0.03

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Go Innovate Asia Bhd's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	32.3885	/	863.182	*	365 / 2
	=	6.85

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Go Innovate Asia Bhd's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	863.182	/	32.3885
	=	26.65

4. 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.

Go Innovate Asia Bhd's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	32.3885	/	875.388
	=	0.04

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Go Innovate Asia Bhd Total Inventories Related Terms

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Go Innovate Asia Bhd Business Description

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Traded in Other Exchanges

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Address

No.19-1, Jalan USJ 10/1D, Subang Jaya, Kuala Lumpur, SGR, MYS, 47620

Website

https://www.ace2u.com

Go Innovate Asia Bhd Formerly Ace Innovate Asia Bhd is a gold bullion trader based in Malaysia. The company trades in physical gold products such as scrap gold bars, cast gold bars and minted gold bars. It is also involved in assaying services as well as participate as a market maker for Bursa Malaysia Derivatives Gold Futures Contract and PT Bursa Komoditi dan Derivatif Indonesia. Its segments include Bullion trading of physical gold products and Provision of related products and services.

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