Folangsi Co (HKSE:02499) Inventory Turnover : 10.77 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Folangsi Co 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. Folangsi Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,044 Mil. Folangsi Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$97 Mil. Folangsi Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Folangsi Co's Days Inventory for the six months ended in Dec. 2023 was 16.95.

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. Folangsi Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Folangsi Co Inventory Turnover Historical Data

The historical data trend for Folangsi Co'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.

* Premium members only.

Folangsi Co Inventory Turnover Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

11.49

12.87

10.38

10.77

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	11.49	12.87	10.38	10.77

Folangsi Co Inventory Turnover Calculation

Folangsi Co'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 )
=	1043.909	/ (	(94.365	+	99.545)	/	2 )
=	1043.909	/	96.955
=	10.77

Folangsi Co'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: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1043.909	/ (	(94.365	+	99.545)	/	2 )
=	1043.909	/	96.955
=	10.77

Folangsi Co (HKSE:02499) 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.

Folangsi Co'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
	=	96.955	/	1043.909	*	365 / 2
	=	16.95

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.

Folangsi Co'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 )
	=	96.955	/	1500.451
	=	0.06

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.

Folangsi Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Folangsi Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Executives

Hou Zebing
Hou Zekuan
Guangzhou Daze Investment Partnership (limited Partnership)
Yin Junping	2201 Interest of corporation controlled by you
Shenzhen Xinyu Equity Investment Enterprise (limited Partnership)
Zhang Gaozhao
Li Yan	2201 Interest of corporation controlled by you
Shang Hai Ding Man Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Ding Xiao Qi Ye Guan Li Zi Xun Zhong Xin You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Ding Ji Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Su Zhou Zhong Ding Chuang Ye Er Hao Tou Zi Zhong Xin You Xian He Huo	2101 Beneficial owner

Folangsi Co (HKSE:02499) Headlines

No Headlines