New Focus Auto Tech Holdings (HKSE:00360) Inventory Turnover : 2.60 (As of Dec. 2023)

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What is New Focus Auto Tech Holdings 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. New Focus Auto Tech Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$270.7 Mil. New Focus Auto Tech Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$104.1 Mil. New Focus Auto Tech Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. New Focus Auto Tech Holdings's Days Inventory for the six months ended in Dec. 2023 was 70.17.

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. New Focus Auto Tech Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

New Focus Auto Tech Holdings Inventory Turnover Historical Data

The historical data trend for New Focus Auto Tech Holdings'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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New Focus Auto Tech Holdings Inventory Turnover Chart

New Focus Auto Tech Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.41

4.91

4.83

3.69

4.35

New Focus Auto Tech Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.23	1.55	2.07	1.88	2.60

New Focus Auto Tech Holdings Inventory Turnover Calculation

New Focus Auto Tech Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	502.93	/ (	(135.137	+	96.2)	/	2 )
=	502.93	/	115.6685
=	4.35

New Focus Auto Tech Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	270.652	/ (	(111.922	+	96.2)	/	2 )
=	270.652	/	104.061
=	2.60

New Focus Auto Tech Holdings (HKSE:00360) 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.

New Focus Auto Tech Holdings's Days Inventory for the six 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
	=	104.061	/	270.652	*	365 / 2
	=	70.17

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.

New Focus Auto Tech Holdings'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 )
	=	104.061	/	327.328
	=	0.32

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.

New Focus Auto Tech Holdings Inventory Turnover Related Terms

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New Focus Auto Tech Holdings (HKSE:00360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » New Focus Auto Tech Holdings Ltd (HKSE:00360) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NWFAF:USA

Address

180 Hennessy Road, 5th Floor, Wan Chai, Hong Kong, HKG

Website

https://www.nfa360.com

New Focus Auto Tech Holdings Ltd is an investment holding company and its subsidiaries are principally engaged in the manufacture and sale of electronic and power-related automotive parts and accessories and operating the 4S dealership stores and related business. Its segments include Manufacturing and trading Business and Automobile Dealership and Service Business. The firm generates a majority of its revenue from the Manufacturing Business segment engaged in the manufacture and sale of automobile accessories. Geographically, the company operates in America, Europe, Asia Pacific, and the People's Republic of China.

Executives

Law Wei	2101 Beneficial owner
Hong Kong Prosper Way Investment Ltd
Lai Xi Shi Guo You Zi Chan Tou Zi Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Luo Xiaoman	2201 Interest of corporation controlled by you
Wu Han Ling Du Chuang Xin Chuang Ye Tou Zi Guan Li You Xian Gong Si	2102 Investment manager
Zhong Dian Guang Gu Lian He Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Xiang Gang Dao Du Shi Ye You Xian Gong Si	2101 Beneficial owner
Qing Dao Ling Du Chuang Ye Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Chun Xi Shi Ye You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Xin Fu Ke Si Tou Zi Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Qing Dao Guo Rui Heng Da Tou Zi Kai Fa You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Han Ling Du Zi Ben Tou Zi Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Han Guang Gu Lian He Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chun Xi Zi Chan Guan Li Bei Jing You Xian Gong Si	2201 Interest of corporation controlled by you
Huang Liping	2201 Interest of corporation controlled by you

New Focus Auto Tech Holdings (HKSE:00360) Headlines

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