ELK-Desa Resources Bhd (XKLS:5228) Inventory Turnover : 0.66 (As of Dec. 2023)

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What is ELK-Desa Resources 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. ELK-Desa Resources Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM12.0 Mil. ELK-Desa Resources Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM18.0 Mil. ELK-Desa Resources Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ELK-Desa Resources Bhd's Days Inventory for the three months ended in Dec. 2023 was 137.30.

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. ELK-Desa Resources Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

ELK-Desa Resources Bhd Inventory Turnover Historical Data

The historical data trend for ELK-Desa Resources 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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ELK-Desa Resources Bhd Inventory Turnover Chart

ELK-Desa Resources Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.51

2.40

3.14

2.84

2.35

ELK-Desa Resources Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.65	0.16	0.60	0.60	0.66

ELK-Desa Resources Bhd Inventory Turnover Calculation

ELK-Desa Resources Bhd's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	34.288	/ (	(11.947	+	17.221)	/	2 )
=	34.288	/	14.584
=	2.35

ELK-Desa Resources Bhd'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11.994	/ (	(18.376	+	17.717)	/	2 )
=	11.994	/	18.0465
=	0.66

ELK-Desa Resources Bhd (XKLS:5228) 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.

ELK-Desa Resources Bhd's Days Inventory for the three 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
	=	18.0465	/	11.994	*	365 / 4
	=	137.30

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.

ELK-Desa Resources Bhd'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 )
	=	18.0465	/	42.766
	=	0.42

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.

ELK-Desa Resources Bhd Inventory Turnover Related Terms

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ELK-Desa Resources Bhd (XKLS:5228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » ELK-Desa Resources Bhd (XKLS:5228) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 15 - 17, Jalan Brunei Utara, Off Jalan Pudu, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.elk-desa.com.my

ELK-Desa Resources Bhd is a Malaysian company investment holding company. The company's business segments are Hire-purchase financing and other integrated services and the Trading of furniture. The Hire-purchase financing and other integrated services segment is involved in the business of hire purchase financing for used motor vehicles as well as selling general insurance policies as an insurance agent and the Trading of furniture segment is involved in the business of trading, export, wholesaling and manufacturing of furniture. The company earns the majority of its revenue from hire-purchase financing.

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