MQ Technology Bhd (XKLS:0070) Inventory Turnover : 1.95 (As of Sep. 2024)

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What is MQ Technology 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. MQ Technology Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM2.02 Mil. MQ Technology Bhd's Average Total Inventories for the quarter that ended in Sep. 2024 was RM1.04 Mil. MQ Technology Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MQ Technology Bhd's Days Inventory for the three months ended in Sep. 2024 was 46.77.

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. MQ Technology Bhd's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.58.

MQ Technology Bhd Inventory Turnover Historical Data

The historical data trend for MQ Technology 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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MQ Technology Bhd Inventory Turnover Chart

MQ Technology Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Sep22

Sep23

Sep24

Inventory Turnover

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15.97

15.33

11.11

8.78

7.94

MQ Technology Bhd Quarterly Data
	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.41	2.12	2.05	2.02	1.95

MQ Technology Bhd Inventory Turnover Calculation

MQ Technology Bhd's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	7.387	/ (	(0.838	+	1.023)	/	2 )
=	7.387	/	0.9305
=	7.94

MQ Technology Bhd's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2.024	/ (	(1.052	+	1.023)	/	2 )
=	2.024	/	1.0375
=	1.95

MQ Technology Bhd (XKLS:0070) 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.

MQ Technology Bhd's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1.0375	/	2.024	*	365 / 4
	=	46.77

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.

MQ Technology Bhd's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1.0375	/	1.803
	=	0.58

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.

MQ Technology Bhd Inventory Turnover Related Terms

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MQ Technology Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » MQ Technology Bhd (XKLS:0070) » Definitions » Inventory Turnover

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Address

Plot 86-B, Lintang Bayan Lepas 9, Bayan Lepas Industrial Park 4, Bayan Lepas, George Town, PNG, MYS, 11900

Website

https://www.mqtech.com.my

MQ Technology Bhd is an investment holding company. Through its subsidiaries, it provides a rapid tooling and prototyping division, which automates, designs, develops, and manufactures molds, tools, dies, jigs, and fixtures used in the manufacture of hard disk drives, automotive and medical industries. The company's business segment consists of Manufacture segment, Investment holdings, and others. The company generates the majority of its revenue from Manufacture business segment. Geographically the company operates in Malaysia, Thailand, the USA, Singapore, and Ireland, of which key revenue is derived from Thailand and Malaysia.

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