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Fortune Valley Treasures Change In Inventory

: $-0.02 Mil (TTM As of Mar. 2022)
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Fortune Valley Treasures's change in inventory for the quarter that ended in Mar. 2022 was $-0.07 Mil. It means Fortune Valley Treasures's inventory increased by $0.07 Mil from Dec. 2021 to Mar. 2022 .

Fortune Valley Treasures's change in inventory for the fiscal year that ended in Dec. 2021 was $0.07 Mil. It means Fortune Valley Treasures's inventory declined by $0.07 Mil from Dec. 2020 to Dec. 2021 .

Fortune Valley Treasures's Total Inventories for the quarter that ended in Mar. 2022 was $0.15 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fortune Valley Treasures's Days Inventory for the quarter that ended in Mar. 2022 was 20.17.

Total Inventories can be measured by Days Sales of Inventory (DSI). Fortune Valley Treasures's days sales of inventory (DSI) for the quarter that ended in Mar. 2022 was 8.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortune Valley Treasures's Inventory Turnover for the quarter that ended in Mar. 2022 was 4.52.

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. Fortune Valley Treasures's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 0.09.


Fortune Valley Treasures Change In Inventory Historical Data

The historical data trend for Fortune Valley Treasures's Change In Inventory 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.

Fortune Valley Treasures Annual Data
Trend Aug15 Aug16 Aug17 Dec18 Dec19 Dec20 Dec21
Change In Inventory
Premium Member Only Premium Member Only - 0.03 0.21 -0.03 0.07

Fortune Valley Treasures Quarterly Data
May17 Aug17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Change In Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 -0.01 -0.22 0.27 -0.07

Fortune Valley Treasures Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.02 Mil.

* 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.


Fortune Valley Treasures  (OTCPK:FVTI) Change In Inventory Explanation

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

Fortune Valley Treasures's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Total Inventories/Cost of Goods Sold*Days in Period
=0.1145/0.518*365 / 4
=20.17

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

Fortune Valley Treasures's Days Sales of Inventory for the quarter that ended in Mar. 2022 is calculated as

Days Sales of Inventory (DSI)=Total Inventories/Revenue*Days in Period
=0.1145/1.262*365 / 4
=8.28

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

Fortune Valley Treasures's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

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.

Fortune Valley Treasures's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

* 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.


Fortune Valley Treasures Change In Inventory Related Terms

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Fortune Valley Treasures Business Description

Fortune Valley Treasures logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 445310 SIC : 5921
Traded in Other Exchanges
N/A
Address
Qiaoxiang Road, Shahe Street, 13th Floor, Building B1, Wisdom Plaza, Nanshan District, Guangdong, Shenzhen, CHN, 518000
Fortune Valley Treasures Inc is engaged in operations of wholesale distribution and retail sales of food and beverage products in the People's Republic of China. The company is into acquiring businesses that are into food, beverage, and alcohol industries. Its products include a variety of wines, such as dry red wine, dry white wine, rose wine, and sweet wine, and other products. Its products are sold to retailers, such as wine shops, convenience stores, and supermarkets.
Executives
Lin Kaihong director, officer: CFO, Treasurer, Director NO. 10 OF TUANJIE 2ND ROAD BEICE, HUMEN DONGGUAN, GUANGDONG F4 518000
Shen Xinlong director, 10 percent owner, officer: CEO, CFO 19F, LIANHE TOWER, 1069 NANHAI AVE, NANSHAN DISTRICT SHENZHEN F4 518000

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