Dagang NeXchange Bhd (XKLS:4456) Inventory Turnover : 1.90 (As of Mar. 2024)

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What is Dagang NeXchange 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. Dagang NeXchange Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM239.3 Mil. Dagang NeXchange Bhd's Average Total Inventories for the quarter that ended in Mar. 2024 was RM125.7 Mil. Dagang NeXchange Bhd's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dagang NeXchange Bhd's Days Inventory for the three months ended in Mar. 2024 was 47.94.

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. Dagang NeXchange Bhd's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Dagang NeXchange Bhd Inventory Turnover Historical Data

The historical data trend for Dagang NeXchange 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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Dagang NeXchange Bhd Inventory Turnover Chart

Dagang NeXchange Bhd Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Inventory Turnover

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148.45

56.73

53.20

79.83

Dagang NeXchange Bhd Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.93	1.66	1.69	1.89	1.90

Dagang NeXchange Bhd Inventory Turnover Calculation

Dagang NeXchange Bhd's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	173.109	/ (	(3.021	+	1.316)	/	2 )
=	173.109	/	2.1685
=	79.83

Dagang NeXchange 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	239.31	/ (	(132.115	+	119.314)	/	2 )
=	239.31	/	125.7145
=	1.90

Dagang NeXchange Bhd (XKLS:4456) 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.

Dagang NeXchange 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
	=	125.7145	/	239.31	*	365 / 4
	=	47.94

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.

Dagang NeXchange 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 )
	=	125.7145	/	309.818
	=	0.41

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.

Dagang NeXchange Bhd Inventory Turnover Related Terms

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Dagang NeXchange Bhd (XKLS:4456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Dagang NeXchange Bhd (XKLS:4456) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Dagang Net Tower, Block 10 (A & B) Corporate Park, Star Central, Lingkaran, Cyberpoint Timur, Cyber 12, Cyberjaya, SGR, MYS, 63000

Website

http://www.dnex.com.my

Dagang NeXchange Bhd is a Malaysia based company. The business operates in various segments that include Corporate, which is an investment holding; Information Technology (IT), which supply, delivery, install, testing, commissioning and maintenance of IT hardware, development, management and provision of business to government (B2G) e-commerce and others; and Energy, which provides upstream oil and gas exploration, production sale of oil and gas-related equipment and services, provision of engineering, technical support and involvement in power plant, and energy-related business. The Information Technology segment generates maximum revenue for the company. It offers its services only to the Malaysia region.

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