ELK-Desa Resources Bhd (XKLS:5228) Change In Inventory : RM-0.5 Mil (TTM As of Dec. 2023)

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What is ELK-Desa Resources Bhd Change In Inventory?

ELK-Desa Resources Bhd's change in inventory for the quarter that ended in Dec. 2023 was RM0.6 Mil. It means ELK-Desa Resources Bhd's inventory declined by RM0.6 Mil from Sep. 2023 to Dec. 2023 .

ELK-Desa Resources Bhd's change in inventory for the fiscal year that ended in Mar. 2023 was RM-5.4 Mil. It means ELK-Desa Resources Bhd's inventory increased by RM5.4 Mil from Mar. 2022 to Mar. 2023 .

ELK-Desa Resources Bhd's Total Inventories for the quarter that ended in Dec. 2023 was RM17.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ELK-Desa Resources Bhd's Days Inventory for the quarter that ended in Dec. 2023 was 137.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. ELK-Desa Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

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. ELK-Desa Resources Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

ELK-Desa Resources Bhd Change In Inventory Historical Data

The historical data trend for ELK-Desa Resources Bhd's Change In Inventory 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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ELK-Desa Resources Bhd Change In Inventory Chart

ELK-Desa Resources Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-2.61

-1.33

3.03

-2.89

-5.44

ELK-Desa Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.22	0.24	-0.31	-1.06	0.62

ELK-Desa Resources Bhd Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-0.5 Mil.

ELK-Desa Resources Bhd (XKLS:5228) Change In Inventory Explanation

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

ELK-Desa Resources Bhd's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.0465	/	11.994	*	365 / 4
	=	137.30

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

ELK-Desa Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	11.994	/	18.0465
	=	0.66

3. 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.

ELK-Desa Resources Bhd's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.0465	/	42.766
	=	0.42

ELK-Desa Resources Bhd Change In Inventory Related Terms

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ELK-Desa Resources Bhd (XKLS:5228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ELK-Desa Resources Bhd (XKLS:5228) » Definitions » Change In Inventory

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Traded in Other Exchanges

N/A

Address

No. 15 - 17, Jalan Brunei Utara, Off Jalan Pudu, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.elk-desa.com.my

ELK-Desa Resources Bhd is a Malaysian company investment holding company. The company's business segments are Hire-purchase financing and other integrated services and the Trading of furniture. The Hire-purchase financing and other integrated services segment is involved in the business of hire purchase financing for used motor vehicles as well as selling general insurance policies as an insurance agent and the Trading of furniture segment is involved in the business of trading, export, wholesaling and manufacturing of furniture. The company earns the majority of its revenue from hire-purchase financing.

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