XOX Networks Bhd (XKLS:0140) Inventory Turnover : 6.50 (As of Mar. 2024)

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What is XOX Networks 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. XOX Networks Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM2.30 Mil. XOX Networks Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM0.35 Mil. XOX Networks Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. XOX Networks Bhd's Days Inventory for the three months ended in Mar. 2024 was 14.04.

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. XOX Networks Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.14.

XOX Networks Bhd Inventory Turnover Historical Data

The historical data trend for XOX Networks 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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XOX Networks Bhd Inventory Turnover Chart

XOX Networks Bhd Annual Data

Trend

Nov11

Nov12

Nov13

Mar16

Mar17

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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64.39

25.36

9.32

12.93

44.67

XOX Networks Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	6.50

XOX Networks Bhd Inventory Turnover Calculation

XOX Networks Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	26.892	/ (	(0.602	+	0)	/	1 )
=	26.892	/	0.602
=	44.67

XOX Networks Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2.295	/ (	(0	+	0.353)	/	1 )
=	2.295	/	0.353
=	6.50

XOX Networks Bhd (XKLS:0140) 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.

XOX Networks Bhd's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.353	/	2.295	*	365 / 4
	=	14.04

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.

XOX Networks Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.353	/	2.528
	=	0.14

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.

XOX Networks Bhd Inventory Turnover Related Terms

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XOX Networks Bhd (XKLS:0140) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » XOX Networks Bhd (XKLS:0140) » Definitions » Inventory Turnover

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Address

7th Floor, Menara Lien Hoe, No. 8, Persiaran Tropicana, Tropicana Golf & Country Resort, Petaling Jaya, SGR, MYS, 47410

Website

https://www.macpie.asia

XOX Networks Bhd is an investment holding company. The business activities of the group are carried out through various segments namely Information, communication and technology (ICT), Event Management and Financial Solutions. The company derives a majority of revenue from the Event Management segment. The Event Management segment involves Event and artist management; Digital and media management, Selling of tickets and stage and event contractions. Geographically, it derives a majority of its revenue from Malaysia.

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