Marine & General Bhd (XKLS:5078) Inventory Turnover : 3.68 (As of Jan. 2024)

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What is Marine & General 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. Marine & General Bhd's Cost of Goods Sold for the three months ended in Jan. 2024 was RM61.3 Mil. Marine & General Bhd's Average Total Inventories for the quarter that ended in Jan. 2024 was RM16.7 Mil. Marine & General Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 was 3.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Marine & General Bhd's Days Inventory for the three months ended in Jan. 2024 was 24.77.

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. Marine & General Bhd's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.19.

Marine & General Bhd Inventory Turnover Historical Data

The historical data trend for Marine & General 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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Marine & General Bhd Inventory Turnover Chart

Marine & General Bhd Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Dec16

Dec17

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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55.44

32.52

33.35

22.87

16.49

Marine & General Bhd Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															3.78	3.97	3.89	4.16	3.68

Marine & General Bhd Inventory Turnover Calculation

Marine & General Bhd's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	231.115	/ (	(12.592	+	15.431)	/	2 )
=	231.115	/	14.0115
=	16.49

Marine & General Bhd's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	61.332	/ (	(17.323	+	15.979)	/	2 )
=	61.332	/	16.651
=	3.68

Marine & General Bhd (XKLS:5078) 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.

Marine & General Bhd's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	16.651	/	61.332	*	365 / 4
	=	24.77

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.

Marine & General Bhd's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	16.651	/	88.404
	=	0.19

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.

Marine & General Bhd Inventory Turnover Related Terms

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Marine & General Bhd (XKLS:5078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marine & General Bhd (XKLS:5078) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 1, Jalan Tun Mohd Fuad, Level 23, Plaza VADS, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.marine-general.com.my

Marine & General Bhd is an investment holding company. Its operating segments include Marine Logistics - Upstream, which is the key revenue driver; and Marine Logistics - Downstream. Its business activities are the provision of vessel charter services serving the upstream oil and gas industry, the downstream oil and gas sector, and petroleum product tankers. The company generates the majority of its revenue from Malaysia.

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