Wang- Zheng Bhd (XKLS:7203) Inventory Turnover : 0.95 (As of Mar. 2024)

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What is Wang- Zheng 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. Wang- Zheng Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM62.1 Mil. Wang- Zheng Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM65.4 Mil. Wang- Zheng Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wang- Zheng Bhd's Days Inventory for the three months ended in Mar. 2024 was 96.08.

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. Wang- Zheng Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.94.

Wang- Zheng Bhd Inventory Turnover Historical Data

The historical data trend for Wang- Zheng 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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Wang- Zheng Bhd Inventory Turnover Chart

Wang- Zheng Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.14

4.68

4.16

4.67

4.02

Wang- Zheng Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.10	1.00	0.83	1.05	0.95

Wang- Zheng Bhd Inventory Turnover Calculation

Wang- Zheng 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 )
=	253.726	/ (	(57.163	+	69.221)	/	2 )
=	253.726	/	63.192
=	4.02

Wang- Zheng 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 )
=	62.114	/ (	(69.221	+	61.586)	/	2 )
=	62.114	/	65.4035
=	0.95

Wang- Zheng Bhd (XKLS:7203) 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.

Wang- Zheng 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
	=	65.4035	/	62.114	*	365 / 4
	=	96.08

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.

Wang- Zheng 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 )
	=	65.4035	/	69.473
	=	0.94

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.

Wang- Zheng Bhd Inventory Turnover Related Terms

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Wang- Zheng Bhd (XKLS:7203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Wang- Zheng Bhd (XKLS:7203) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 1 Jalan Utarid U5/19, Section U5, Shah Alam, SGR, MYS, 40150

Website

https://www.wangzhengberhad.com

Wang- Zheng Bhd is an investment holding company. Through its subsidiaries, the company is involved in the manufacturing and processing of fiber-based products, which include disposable adult and baby diapers, sanitary protection and tissue products, cotton products, and processed papers. It has three segments, Processed Paper Products segment; which comprises of processed and distributed papers including wood-free paper and art paper; Disposable Fibre-Based products segment, which comprises of manufacture and distribution of a wide range of disposable adult and baby diapers, sanitary protection, tissue products, and cotton products; and Investment holding and others; which engages in investment holding and others.

Wang- Zheng Bhd (XKLS:7203) Headlines

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