King Wan (SGX:554) Inventory Turnover : 40.69 (As of Sep. 2023)

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What is King Wan 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. King Wan's Cost of Goods Sold for the six months ended in Sep. 2023 was S$38.78 Mil. King Wan's Average Total Inventories for the quarter that ended in Sep. 2023 was S$0.95 Mil. King Wan's Inventory Turnover for the quarter that ended in Sep. 2023 was 40.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. King Wan's Days Inventory for the six months ended in Sep. 2023 was 4.48.

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. King Wan's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

King Wan Inventory Turnover Historical Data

The historical data trend for King Wan'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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King Wan Inventory Turnover Chart

King Wan Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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74.21

66.06

39.82

53.54

75.27

King Wan Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															27.18	29.41	33.21	47.13	40.69

King Wan Inventory Turnover Calculation

King Wan'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 )
=	91.978	/ (	(1.392	+	1.052)	/	2 )
=	91.978	/	1.222
=	75.27

King Wan's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	38.779	/ (	(1.052	+	0.854)	/	2 )
=	38.779	/	0.953
=	40.69

King Wan (SGX:554) 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.

King Wan's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.953	/	38.779	*	365 / 2
	=	4.48

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.

King Wan's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.953	/	39.19
	=	0.02

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.

King Wan Inventory Turnover Related Terms

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King Wan (SGX:554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » King Wan Corp Ltd (SGX:554) » Definitions » Inventory Turnover

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Address

8 Sungei Kadut Loop, Singapore, SGP, 729455

Website

https://www.kingwan.com

King Wan Corp Ltd engages in the provision of mechanical and electrical engineering services for the building and construction industry. It operates in five segments. The Plumbing and Sanitary segment provides services comprising the design and installation of water distribution systems and pipe networks for sewage and wastewater drainage. The electrical segment focuses on the electrical engineering services that design and install electricity distribution systems, fire protection, alarm systems, and security systems. The toilet rental segment consists of the rental and operation of mobile lavatories. The investment holding segment consists of investments in associates and joint ventures. Others segment involves other activities that do not fall into the activities of the other segments.

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