Comfort Gloves Bhd (XKLS:2127) Inventory Turnover : 0.90 (As of Mar. 2024)

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What is Comfort Gloves 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. Comfort Gloves Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM74.5 Mil. Comfort Gloves Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM83.1 Mil. Comfort Gloves Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comfort Gloves Bhd's Days Inventory for the three months ended in Mar. 2024 was 101.76.

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. Comfort Gloves Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.24.

Comfort Gloves Bhd Inventory Turnover Historical Data

The historical data trend for Comfort Gloves 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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Comfort Gloves Bhd Inventory Turnover Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Inventory Turnover

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6.78

6.04

5.84

5.52

3.59

Comfort Gloves Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.20	1.20	0.95	0.75	0.90

Comfort Gloves Bhd Inventory Turnover Calculation

Comfort Gloves Bhd'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 )
=	349.752	/ (	(109.684	+	85.295)	/	2 )
=	349.752	/	97.4895
=	3.59

Comfort Gloves 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 )
=	74.497	/ (	(85.295	+	80.855)	/	2 )
=	74.497	/	83.075
=	0.90

Comfort Gloves Bhd (XKLS:2127) 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.

Comfort Gloves 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
	=	83.075	/	74.497	*	365 / 4
	=	101.76

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.

Comfort Gloves 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 )
	=	83.075	/	67.205
	=	1.24

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.

Comfort Gloves Bhd Inventory Turnover Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Comfort Gloves Bhd (XKLS:2127) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

Comfort Gloves Bhd (XKLS:2127) Headlines

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