Kim Loong Resources Bhd (XKLS:5027) Inventory Turnover : 7.21 (As of Oct. 2023)

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What is Kim Loong Resources 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. Kim Loong Resources Bhd's Cost of Goods Sold for the three months ended in Oct. 2023 was RM366 Mil. Kim Loong Resources Bhd's Average Total Inventories for the quarter that ended in Oct. 2023 was RM51 Mil. Kim Loong Resources Bhd's Inventory Turnover for the quarter that ended in Oct. 2023 was 7.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kim Loong Resources Bhd's Days Inventory for the three months ended in Oct. 2023 was 12.65.

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. Kim Loong Resources Bhd's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.11.

Kim Loong Resources Bhd Inventory Turnover Historical Data

The historical data trend for Kim Loong Resources 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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Kim Loong Resources Bhd Inventory Turnover Chart

Kim Loong Resources Bhd Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Inventory Turnover

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12.93

13.99

29.52

45.55

31.23

Kim Loong Resources Bhd Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover	Get a 7-Day Free Trial															5.52	5.05	4.04	5.17	7.21

Kim Loong Resources Bhd Inventory Turnover Calculation

Kim Loong Resources Bhd's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	1608.887	/ (	(39.265	+	63.761)	/	2 )
=	1608.887	/	51.513
=	31.23

Kim Loong Resources Bhd's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	366.172	/ (	(52.559	+	48.997)	/	2 )
=	366.172	/	50.778
=	7.21

Kim Loong Resources Bhd (XKLS:5027) 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.

Kim Loong Resources Bhd's Days Inventory for the three months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	50.778	/	366.172	*	365 / 4
	=	12.65

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.

Kim Loong Resources Bhd's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	50.778	/	448.679
	=	0.11

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.

Kim Loong Resources Bhd Inventory Turnover Related Terms

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Kim Loong Resources Bhd (XKLS:5027) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Kim Loong Resources Bhd (XKLS:5027) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19, Jalan Wong Ah Fook, Lot 18.01, 18th Floor, Public Bank Tower, Johor Bahru, JHR, MYS, 80000

Website

http://www.kimloong.com.my

Kim Loong Resources Bhd is a Malaysia-based investment holding company. The primary business segments of the group are Plantation operations and Milling operations. Its Plantation segment includes the cultivation of oil palm activity. The milling segment includes the processing and marketing of oil palm products and power generation. The group operates in Malaysia and generates the majority of its revenue from the Milling segment.

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