Careplus Group Bhd (XKLS:0163) Inventory Turnover : 1.92 (As of Dec. 2023)

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What is Careplus Group 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. Careplus Group Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM26.20 Mil. Careplus Group Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM13.65 Mil. Careplus Group Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Careplus Group Bhd's Days Inventory for the three months ended in Dec. 2023 was 47.55.

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. Careplus Group Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.64.

Careplus Group Bhd Inventory Turnover Historical Data

The historical data trend for Careplus Group 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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Careplus Group Bhd Inventory Turnover Chart

Careplus Group Bhd Annual Data

Trend

Jan11

Jan12

Jan13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Inventory Turnover

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7.53

8.52

8.01

8.18

6.85

Careplus Group Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.82	1.93	1.71	1.76	1.92

Careplus Group Bhd Inventory Turnover Calculation

Careplus Group Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2020 is calculated as

	Inventory Turnover (A: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2020 )	/ (	(Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )
=	340.076	/ (	(45.439	+	53.845)	/	2 )
=	340.076	/	49.642
=	6.85

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	26.201	/ (	(11.808	+	15.5)	/	2 )
=	26.201	/	13.654
=	1.92

Careplus Group Bhd (XKLS:0163) 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.

Careplus Group Bhd's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13.654	/	26.201	*	365 / 4
	=	47.55

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13.654	/	21.483
	=	0.64

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.

Careplus Group Bhd Inventory Turnover Related Terms

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Careplus Group Bhd (XKLS:0163) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Careplus Group Bhd (XKLS:0163) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Lot 17479, Lorong Senawang 3/2, Off Jalan Senawang 3, Senawang Industrial Estate, Seremban, NSN, MYS, 70450

Website

https://www.careplus.com

Careplus Group Bhd is involved in the manufacturing, processing, and trading of gloves. The company's product consists of Latex exam gloves, Latex surgical gloves and Nitrile exam gloves. Its Latex exam gloves are used in the medical examinations and procedures, diagnostic procedures by the dentist, laboratory practices and for food handling practices. The Nitrile exam gloves are generally used in laboratory practices and the automotive industry. Geographically, it has operations in Central, North and South America, Malaysia, and the other Asia Pacific regions. It generates a vast majority of revenues from Other Asia Pacific and South America.

Careplus Group Bhd (XKLS:0163) Headlines

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