Fong Chien Construction Co (ROCO:5523) Days Inventory : 792.49 (As of Mar. 2024)

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What is Fong Chien Construction Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fong Chien Construction Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$3,151 Mil. Fong Chien Construction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$363 Mil. Hence, Fong Chien Construction Co's Days Inventory for the three months ended in Mar. 2024 was 792.49.

The historical rank and industry rank for Fong Chien Construction Co's Days Inventory or its related term are showing as below:

ROCO:5523' s Days Inventory Range Over the Past 10 Years
Min: 620.64 Med: 2187.38 Max: 1799816.37
Current: 627.11

During the past 13 years, Fong Chien Construction Co's highest Days Inventory was 1799816.37. The lowest was 620.64. And the median was 2187.38.

ROCO:5523's Days Inventory is ranked better than
53.22% of 1319 companies
in the Real Estate industry
Industry Median: 699.54 vs ROCO:5523: 627.11

Fong Chien Construction Co's Days Inventory increased from Mar. 2023 (627.76) to Mar. 2024 (792.49). It might indicate that Fong Chien Construction Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fong Chien Construction Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.12.

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. Fong Chien Construction Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 6.23.

Fong Chien Construction Co Days Inventory Historical Data

The historical data trend for Fong Chien Construction Co's Days 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.

Fong Chien Construction Co Days Inventory Chart

Fong Chien Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8,690.87

2,968.68

681.97

10,673.95

620.64

Fong Chien Construction Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															627.76	428.92	3,359.75	409.39	792.49

Competitive Comparison of Fong Chien Construction Co's Days Inventory

For the Real Estate Services subindustry, Fong Chien Construction Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fong Chien Construction Co's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Fong Chien Construction Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fong Chien Construction Co's Days Inventory falls into.

Fong Chien Construction Co Days Inventory Calculation

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

Fong Chien Construction Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5441.78	+	3323.868)	/	2 )	/	2577.551	*	365
=	4382.824					/	2577.551	*	365
=	620.64

Fong Chien Construction Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3323.868	+	2977.517)	/	2 )	/	362.78	*	365 / 4
=	3150.6925					/	362.78	*	365 / 4
=	792.49

Fong Chien Construction Co (ROCO:5523) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Fong Chien Construction Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	362.78	/	3150.6925
	=	0.12

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.

Fong Chien Construction Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3150.6925	/	505.567
	=	6.23

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Fong Chien Construction Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Fong Chien Construction Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Fong Chien Construction Co (ROCO:5523) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Fong Chien Construction Co Ltd (ROCO:5523) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Taiwan Boulevard, 25th Floor-2, No.501, Sec. 2, West District, Taichung, TWN, 403

Website

https://www.fong-chien.com.tw

Fong Chien Construction Co Ltd y is primarily engaged in mandating construction enterprises to build public housing, leases and sales of commercial buildings, trading, import and export of building materials. The operating segments are Construction division and Hotel and restaurant division, majority of its revenue generated from Construction division.

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