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FinTech Chain (ASX:FTC) Inventory Turnover : 27.24 (As of Sep. 2023)


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What is FinTech Chain 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. FinTech Chain's Cost of Goods Sold for the six months ended in Sep. 2023 was A$2.81 Mil. FinTech Chain's Average Total Inventories for the quarter that ended in Sep. 2023 was A$0.10 Mil. FinTech Chain's Inventory Turnover for the quarter that ended in Sep. 2023 was 27.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FinTech Chain's Days Inventory for the six months ended in Sep. 2023 was 6.70.

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. FinTech Chain's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.02.

FinTech Chain Inventory Turnover Historical Data

The historical data trend for FinTech Chain'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.

FinTech Chain Inventory Turnover Chart

FinTech Chain Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 204.44 49.45 38.42 54.19 43.65

FinTech Chain Semi-Annual Data
Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Inventory Turnover Get a 7-Day Free Trial 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 17.35 31.35 24.70 29.06 27.24

FinTech Chain Inventory Turnover Calculation

FinTech Chain's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

Inventory Turnover (A: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2023 ) / ((Total Inventories (A: Mar. 2022 ) + Total Inventories (A: Mar. 2023 )) / count )
=6.832 / ((0.176 + 0.137) / 2 )
=6.832 / 0.1565
=43.65

FinTech Chain's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover (Q: Sep. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2023 ) / ((Total Inventories (Q: Mar. 2023 ) + Total Inventories (Q: Sep. 2023 )) / count )
=2.806 / ((0.137 + 0.069) / 2 )
=2.806 / 0.103
=27.24

* 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.

FinTech Chain  (ASX:FTC) 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.

FinTech Chain's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2023 )/Cost of Goods Sold (Q: Sep. 2023 )*Days in Period
=0.103/2.806*365 / 2
=6.70

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.

FinTech Chain's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2023 ) / Revenue (Q: Sep. 2023 )
=0.103 / 4.687
=0.02

* 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.

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.

FinTech Chain Inventory Turnover Related Terms

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FinTech Chain (ASX:FTC) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
56 Dundas Street, Unit 1806, 18th Floor, Gala Place, Mongkok, Kowloon, Hong Kong, HKG
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others. The company earns revenue from the provision of system development services; provision of information technology services; provision of point-of-sale machine services and the sale of point-of-sale machines.