The historical rank and industry rank for Fortune Electric Co's Days Inventory or its related term are showing as below:
TPE:1519'
s Days Inventory Range Over the Past 10 Years
Min: 118.9 Med: 133.8 Max: 205.39
Current: 197.7
During the past 13 years, Fortune Electric Co's highest Days Inventory was 205.39. The lowest was 118.90. And the median was 133.80.
TPE:1519's Days Inventory is ranked worse than 75.97% of 2921
companies
in the Industrial Products industry
Industry Median: 122.26
vs TPE:1519: 197.70
Fortune Electric Co's Days Inventory
increased
from Sep. 2023 (203.59) to Sep. 2024 (208.84).
It might indicate that Fortune Electric Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Fortune Electric Co's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.44.
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 Electric Co's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 1.41.
Fortune Electric Co Days Inventory Historical Data
The historical data trend for Fortune Electric 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.
Competitive Comparison of Fortune Electric Co's Days Inventory
For the Electrical Equipment & Parts subindustry, Fortune Electric 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.
Fortune Electric Co's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fortune Electric Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Fortune Electric Co's Days Inventory falls into.
Fortune Electric Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fortune Electric Co's Days Inventory for the fiscal year that ended in Dec. 2023 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 Electric Co (TPE:1519) 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.
Fortune Electric Co's Inventory Turnover for the
three
months ended in Sep. 2024 is calculated as
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.
Fortune Electric Co's Inventory to Revenue for the
three
months ended in Sep. 2024 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.
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.
Fortune Electric Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Fortune Electric Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Fortune Electric Co Ltd manufactures, processes, and trades transformers, distribution panels, low voltage switches, and substation equipment. The company's operating segment includes the Electrical and Mechanical Department and the Turnkey Department. It generates maximum revenue from the Electrical and Mechanical department segment. The company's products include cast resin transformers, amorphous metal alloy core transformers, power transformers, distribution transformers, metal-clad switchgear, GIS, switchgear panels, motor control centers, gas switches, and transmission and distribution apparatus.
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