FIT Hon Teng (HKSE:06088) Total Inventories : HK$6,262 Mil (As of Dec. 2023)

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What is FIT Hon Teng Total Inventories?

FIT Hon Teng's total inventories for the quarter that ended in Dec. 2023 was HK$6,262 Mil. FIT Hon Teng's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was HK$6,233 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FIT Hon Teng's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was HK$-0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FIT Hon Teng's Days Inventory for the six months ended in Dec. 2023 was 77.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. FIT Hon Teng's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.36.

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. FIT Hon Teng's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

FIT Hon Teng Total Inventories Historical Data

The historical data trend for FIT Hon Teng's Total Inventories 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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FIT Hon Teng Total Inventories Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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5,483.34

7,318.79

7,661.76

7,526.87

6,261.90

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial											7,661.76	8,814.08	7,526.87	6,204.03	6,261.90

FIT Hon Teng Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

FIT Hon Teng (HKSE:06088) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

FIT Hon Teng's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(10288.193	+	0.75 * 6304.711	+	0.5 * 6261.898	-	20745.625
-	0	-	19.938)	/	7289.95
=	-0.36

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

FIT Hon Teng'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
	=	6232.962	/	14740.872	*	365 / 2
	=	77.17

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

FIT Hon Teng's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	14740.872	/	6232.962
	=	2.36

4. 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.

FIT Hon Teng'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 )
	=	6232.962	/	18833.098
	=	0.33

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

FIT Hon Teng Total Inventories Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

Executives

Lu Sung-ching	2101 Beneficial owner
Hong Hai Jing Mi Gong Ye Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Foxconn (far East) Limited	2201 Interest of corporation controlled by you

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