AbleGroup Bhd (XKLS:7086) Change In Inventory : RM0.08 Mil (TTM As of Mar. 2024)

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What is AbleGroup Bhd Change In Inventory?

AbleGroup Bhd's change in inventory for the quarter that ended in Mar. 2024 was RM0.14 Mil. It means AbleGroup Bhd's inventory declined by RM0.14 Mil from Dec. 2023 to Mar. 2024 .

AbleGroup Bhd's change in inventory for the fiscal year that ended in Dec. 2023 was RM0.20 Mil. It means AbleGroup Bhd's inventory declined by RM0.20 Mil from Dec. 2022 to Dec. 2023 .

AbleGroup Bhd's Total Inventories for the quarter that ended in Mar. 2024 was RM2.60 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AbleGroup Bhd's Days Inventory for the quarter that ended in Mar. 2024 was 352.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. AbleGroup Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

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. AbleGroup Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.47.

AbleGroup Bhd Change In Inventory Historical Data

The historical data trend for AbleGroup 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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AbleGroup Bhd Change In Inventory Chart

AbleGroup Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.20

-0.16

0.08

-0.10

0.20

AbleGroup Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															0.26	-0.01	-	-0.05	0.14

AbleGroup 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM0.08 Mil.

AbleGroup Bhd (XKLS:7086) Change In Inventory Explanation

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

AbleGroup 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
	=	2.6735	/	0.692	*	365 / 4
	=	352.54

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

AbleGroup Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.692	/	2.6735
	=	0.26

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.

AbleGroup Bhd's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.6735	/	1.083
	=	2.47

AbleGroup Bhd Change In Inventory Related Terms

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AbleGroup Bhd (XKLS:7086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AbleGroup Bhd (XKLS:7086) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 1, Jalan Dutamas 1, Level 2, Solaris Dutamas, Block D4-U2-10, Kuala Lumpur, MYS, 50480

Website

http://www.ablegroup.com.my

AbleGroup Bhd is a Malaysia-based investment holding company. It is engaged in the processing, trading, exporting, and production of marble and granite products. The company operates through three segments: Building material segment, Investment holding, and Property development segment. Its building material segment is involved in the supply, delivery, and installation of stone and tiling works. All of its revenue comes from the Building material segment. Geographically, it operates only in Malaysia.

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