Meridian Bhd (XKLS:5040) Inventory Turnover : 0.02 (As of Feb. 2024)

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What is Meridian 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. Meridian Bhd's Cost of Goods Sold for the three months ended in Feb. 2024 was RM0.73 Mil. Meridian Bhd's Average Total Inventories for the quarter that ended in Feb. 2024 was RM41.93 Mil. Meridian Bhd's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Meridian Bhd's Days Inventory for the three months ended in Feb. 2024 was 5,270.32.

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. Meridian Bhd's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 91.35.

Meridian Bhd Inventory Turnover Historical Data

The historical data trend for Meridian 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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Meridian Bhd Inventory Turnover Chart

Meridian Bhd Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jun20

Jun21

Inventory Turnover

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1.90

0.48

0.35

1.18

Meridian Bhd Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.05	0.04	0.04	0.07	0.02

Meridian Bhd Inventory Turnover Calculation

Meridian Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	34.829	/ (	(38.989	+	19.995)	/	2 )
=	34.829	/	29.492
=	1.18

Meridian Bhd's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	0.726	/ (	(19.995	+	63.868)	/	2 )
=	0.726	/	41.9315
=	0.02

Meridian Bhd (XKLS:5040) 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.

Meridian Bhd's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	41.9315	/	0.726	*	365 / 4
	=	5,270.32

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.

Meridian Bhd's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	41.9315	/	0.459
	=	91.35

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.

Meridian Bhd Inventory Turnover Related Terms

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Meridian Bhd (XKLS:5040) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Meridian Bhd (XKLS:5040) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Jalan Ampang, Suite 20.08 - 20.09, Plaza 138, Kuala Lumpur, SGR, MYS, 50450

Website

https://www.meridianbhd.com.my

Meridian Bhd is an investment holding company. The company's operating segment includes Property Development; Construction; Property Investment and others. It generates maximum revenue from the Property Development segment. The Property Development segment is engaged in the development of residential and commercial properties and agricultural lots.

Meridian Bhd (XKLS:5040) Headlines

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