Fortune Valley Treasures (Fortune Valley Treasures) Change In Inventory : $0.11 Mil (TTM As of Dec. 2023)

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What is Fortune Valley Treasures Change In Inventory?

Fortune Valley Treasures's change in inventory for the quarter that ended in Dec. 2023 was $0.03 Mil. It means Fortune Valley Treasures's inventory declined by $0.03 Mil from Sep. 2023 to Dec. 2023 .

Fortune Valley Treasures's change in inventory for the fiscal year that ended in Dec. 2023 was $0.11 Mil. It means Fortune Valley Treasures's inventory declined by $0.11 Mil from Dec. 2022 to Dec. 2023 .

Fortune Valley Treasures's Total Inventories for the quarter that ended in Dec. 2023 was $0.03 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 Dec. 2023 was 12.64.

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 Dec. 2023 was 7.22.

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 Dec. 2023 was 0.11.

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.

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Fortune Valley Treasures Change In Inventory Chart

Fortune Valley Treasures Annual Data

Trend

Aug15

Aug16

Aug17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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0.21

-0.03

0.07

-0.08

0.11

Fortune Valley Treasures Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	0.07	-	0.02	0.03

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.11 Mil.

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	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.046	/	0.332	*	365 / 4
	=	12.64

2. 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 Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.332	/	0.046
	=	7.22

3. 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 Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.046	/	0.419
	=	0.11

Fortune Valley Treasures Change In Inventory Related Terms

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Fortune Valley Treasures (Fortune Valley Treasures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Fortune Valley Treasures Inc (OTCPK:FVTI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 139 Liansheng Road, B1601 Oriental Impression Building 2, Humen Town, Dongguan, Guangdong, CHN, 523900

Website

http://www.fvti.show

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 in the 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

Kaihong Lin	director, officer: CFO, Treasurer, Director	NO. 10 OF TUANJIE 2ND ROAD, BEICE, HUMEN, DONGGUAN, GUANGDONG F4 518000
Xinlong Shen	director, officer: CEO, CFO	19F, LIANHE TOWER, 1069 NANHAI AVE,, NANSHAN DISTRICT, SHENZHEN F4 518000

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