The historical rank and industry rank for Top Glove Bhd's Days Inventory or its related term are showing as below:
During the past 13 years, Top Glove Bhd's highest Days Inventory was 72.97. The lowest was 37.72. And the median was 46.33.
TPGVF's Days Inventory is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 187.12 * Ranked among companies with meaningful Days Inventory only.
Top Glove Bhd's Days Inventory
stayed the same
from Feb. 2023 (0.00) to Feb. 2024 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Top Glove Bhd's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.00.
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.
Top Glove Bhd's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.57.
Top Glove Bhd Days Inventory Historical Data
The historical data trend for Top Glove Bhd's Days Inventory 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.
Competitive Comparison of Top Glove Bhd's Days Inventory
For the Medical Instruments & Supplies subindustry, Top Glove Bhd's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Top Glove Bhd's Days Inventory Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Top Glove Bhd's Days Inventory distribution charts can be found below:
* The bar in red indicates where Top Glove Bhd's Days Inventory falls into.
Top Glove Bhd Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Top Glove Bhd's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as
* 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.
Top Glove Bhd (OTCPK:TPGVF) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Top Glove Bhd's Inventory Turnover for the
three
months ended in Feb. 2024 is calculated as
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.
Top Glove Bhd's Inventory to Revenue for the
three
months ended in Feb. 2024 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Top Glove Bhd Days Inventory Related Terms
Thank you for viewing the detailed overview of Top Glove Bhd's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Top Glove Bhd (Top Glove Bhd) Business Description
Top Glove Corp Bhd manufactures and sells gloves through several product lines to a diverse group of world-wide customers. Some of the different glove options include latex, nitrile, vinyl, PE, Polychloroprene, Polyisoprene, Flexylon, HDPE and surgical. Top Glove's products are utilized in an array of end markets such as aerospace, food, Personal care, medical care, oral care and home care. Traditionally, the company has derived over half of its sales from its nitrile and powdered latex product lines, with customers in North America and Europe generating the majority demand.
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