Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Inventory Turnover : 75.80 (As of Mar. 2024)

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What is Fujian Foxit Software Development Joint Stock 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. Fujian Foxit Software Development Joint Stock Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9.0 Mil. Fujian Foxit Software Development Joint Stock Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥0.1 Mil. Fujian Foxit Software Development Joint Stock Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 75.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fujian Foxit Software Development Joint Stock Co's Days Inventory for the three months ended in Mar. 2024 was 1.20.

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. Fujian Foxit Software Development Joint Stock Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Fujian Foxit Software Development Joint Stock Co Inventory Turnover Historical Data

The historical data trend for Fujian Foxit Software Development Joint Stock 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.

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Fujian Foxit Software Development Joint Stock Co Inventory Turnover Chart

Fujian Foxit Software Development Joint Stock Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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764.00

146.53

205.44

Fujian Foxit Software Development Joint Stock Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															40.43	47.02	54.66	66.80	75.80

Fujian Foxit Software Development Joint Stock Co Inventory Turnover Calculation

Fujian Foxit Software Development Joint Stock 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 )
=	31.843	/ (	(0.185	+	0.125)	/	2 )
=	31.843	/	0.155
=	205.44

Fujian Foxit Software Development Joint Stock Co'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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	9.02	/ (	(0.125	+	0.113)	/	2 )
=	9.02	/	0.119
=	75.80

Fujian Foxit Software Development Joint Stock Co (SHSE:688095) 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.

Fujian Foxit Software Development Joint Stock Co'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
	=	0.119	/	9.02	*	365 / 4
	=	1.20

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.

Fujian Foxit Software Development Joint Stock Co'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 )
	=	0.119	/	168.79
	=	0.00

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.

Fujian Foxit Software Development Joint Stock Co Inventory Turnover Related Terms

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Fujian Foxit Software Development Joint Stock Co (SHSE:688095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Fujian Foxit Software Development Joint Stock Co Ltd (SHSE:688095) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 89 Software Avenue, Building 5, Area G, Fuzhou Software Park, Gulou District, Fujian Province, Fuzhou, CHN, 350003

Website

https://www.foxitsoftware.cn

Fujian Foxit Software Development Joint Stock Co Ltd is an internationally operated PDF electronic document solution provider. The company develops and markets PDF products and services to help knowledge workers increase productivity and do more when processing documents. Its products include Foxit Reader, Foxit MobilePDF, Foxit Advanced PDF Editor, Foxit PDF IFilter; and its Development platform and tools include Foxit PDF SDK, Foxit PDF SDK ActiveX, Foxit PDF SDK for Web, and Foxit PDF Toolkit.

Executives

Li You Ming	senior management
Liang Jun Yi	Core technical personnel
Xiong Yu Qian	Directors, senior managers, core technical personn
Li Wei Lan	senior management
Di Pu Jiang	Directors, senior managers
Xiang Yan Yu	Director

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