Broadway Industrial Group (SGX:B69) Inventory Turnover : 6.30 (As of Dec. 2023)

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What is Broadway Industrial Group 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. Broadway Industrial Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$122.3 Mil. Broadway Industrial Group's Average Total Inventories for the quarter that ended in Dec. 2023 was S$19.4 Mil. Broadway Industrial Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Broadway Industrial Group's Days Inventory for the six months ended in Dec. 2023 was 28.95.

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. Broadway Industrial Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Broadway Industrial Group Inventory Turnover Historical Data

The historical data trend for Broadway Industrial Group'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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Broadway Industrial Group Inventory Turnover Chart

Broadway Industrial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.36

11.70

12.91

9.77

9.97

Broadway Industrial Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.95	5.44	3.56	5.34	6.30

Broadway Industrial Group Inventory Turnover Calculation

Broadway Industrial Group'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 )
=	244.651	/ (	(28.032	+	21.035)	/	2 )
=	244.651	/	24.5335
=	9.97

Broadway Industrial Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	122.299	/ (	(17.761	+	21.035)	/	2 )
=	122.299	/	19.398
=	6.30

Broadway Industrial Group (SGX:B69) 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.

Broadway Industrial Group's Days Inventory for the six 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
	=	19.398	/	122.299	*	365 / 2
	=	28.95

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.

Broadway Industrial Group'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 )
	=	19.398	/	132.228
	=	0.15

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.

Broadway Industrial Group Inventory Turnover Related Terms

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Broadway Industrial Group (SGX:B69) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Broadway Industrial Group Ltd (SGX:B69) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

202 Kallang Bahru, 07-01 Spaze, Singapore, SGP, 339339

Website

https://www.bw-grp.com

Broadway Industrial Group Ltd is the manufacturer of precision machined components. The company provides actuator arms, assemblies, and other related parts mainly for the global hard disk drive (HDD) industry. HDD segment comprises the manufacturing and distribution of actuator arms and related assembly for the hard disk industry. The robotics segment comprises the provision of technical services, technology transfer, technology development, technology promotion, technical consultation and sales of robots, software and accessory devices for the robotics, manufacturing, and services industries. Other segment comprises the investment holding.

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