Comfort Gloves Bhd (XKLS:2127) Change In Inventory : RM31.4 Mil (TTM As of Dec. 2023)

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What is Comfort Gloves Bhd Change In Inventory?

Comfort Gloves Bhd's change in inventory for the quarter that ended in Dec. 2023 was RM-11.9 Mil. It means Comfort Gloves Bhd's inventory increased by RM11.9 Mil from Sep. 2023 to Dec. 2023 .

Comfort Gloves Bhd's change in inventory for the fiscal year that ended in Dec. 2023 was RM31.4 Mil. It means Comfort Gloves Bhd's inventory declined by RM31.4 Mil from Dec. 2022 to Dec. 2023 .

Comfort Gloves Bhd's Total Inventories for the quarter that ended in Dec. 2023 was RM85.3 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Comfort Gloves Bhd's Days Inventory for the quarter that ended in Dec. 2023 was 122.22.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comfort Gloves Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

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. Comfort Gloves Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.09.

Comfort Gloves Bhd Change In Inventory Historical Data

The historical data trend for Comfort Gloves Bhd's Change In 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.

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Comfort Gloves Bhd Change In Inventory Chart

Comfort Gloves Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Change In Inventory

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-43.43

18.71

-55.74

78.04

31.43

Comfort Gloves Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															25.08	25.99	13.18	4.17	-11.90

Comfort Gloves Bhd Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was RM31.4 Mil.

Comfort Gloves Bhd (XKLS:2127) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Comfort Gloves Bhd's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	80.426	/	60.044	*	365 / 4
	=	122.22

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Comfort Gloves Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.044	/	80.426
	=	0.75

3. 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.

Comfort Gloves Bhd's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	80.426	/	73.644
	=	1.09

Comfort Gloves Bhd Change In Inventory Related Terms

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Comfort Gloves Bhd (XKLS:2127) Business Description

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Address

Lot 821, Jalan Matang, Matang, Taiping, PRK, MYS, 34750

Website

https://www.comfort-rubber.com.my

Comfort Gloves Bhd is engaged in the manufacture and trading of natural and synthetic specialty examination gloves. It has four segments. The manufacturing segment, which is the key revenue driver, is engaged in the manufacture and trading of latex gloves. The investment holding segment comprises investment holding and the provision of management services. Its Trading segment is involved in the trading of latex gloves. The company has two manufacturing plants located in Simpang and Matang, Taiping. Its key markets are Malaysia, the United States of America and Canada, Asia, Europe, and others.

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