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Fortune Information Systems (TPE:2468) Days Inventory : 32.61 (As of Dec. 2024)


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What is Fortune Information Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fortune Information Systems's Average Total Inventories for the three months ended in Dec. 2024 was NT$193 Mil. Fortune Information Systems's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$540 Mil. Hence, Fortune Information Systems's Days Inventory for the three months ended in Dec. 2024 was 32.61.

The historical rank and industry rank for Fortune Information Systems's Days Inventory or its related term are showing as below:

TPE:2468' s Days Inventory Range Over the Past 10 Years
Min: 29.12   Med: 34.32   Max: 50.3
Current: 37.56

During the past 13 years, Fortune Information Systems's highest Days Inventory was 50.30. The lowest was 29.12. And the median was 34.32.

TPE:2468's Days Inventory is ranked worse than
61.32% of 1595 companies
in the Software industry
Industry Median: 20.36 vs TPE:2468: 37.56

Fortune Information Systems's Days Inventory declined from Dec. 2023 (50.34) to Dec. 2024 (32.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fortune Information Systems's Inventory Turnover for the three months ended in Dec. 2024 was 2.80.

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 Information Systems's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.32.

Fortune Information Systems Days Inventory Historical Data

The historical data trend for Fortune Information Systems'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.

Fortune Information Systems Days Inventory Chart

Fortune Information Systems Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.30 39.95 30.27 36.75 35.99

Fortune Information Systems Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Inventory 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 50.34 44.93 36.90 38.78 32.61

Competitive Comparison of Fortune Information Systems's Days Inventory

For the Information Technology Services subindustry, Fortune Information Systems'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 Information Systems's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Fortune Information Systems's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fortune Information Systems's Days Inventory falls into.


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Fortune Information Systems Days Inventory Calculation

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

Fortune Information Systems's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

Days Inventory (A: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (212 + 182.633) / 2 ) / 2001.17*365
=197.3165 / 2001.17*365
=35.99

Fortune Information Systems's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (203.17 + 182.633) / 2 ) / 539.808*365 / 4
=192.9015 / 539.808*365 / 4
=32.61

* 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 Information Systems  (TPE:2468) 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 Information Systems's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=539.808 / 192.9015
=2.80

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 Information Systems's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=192.9015 / 609.52
=0.32

* 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 Information Systems Days Inventory Related Terms

Thank you for viewing the detailed overview of Fortune Information Systems's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Fortune Information Systems Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortune Information Systems Corp (TPE:2468) » Definitions » Days Inventory
Comparable Companies
ROCO:6614 TPE:6906 ROCO:5209 TPE:2471 ROCO:6997 TPE:1416 ROCO:6699 ROCO:7714 ROCO:8099 ROCO:7767 IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS CTSH TSE:6702 XMAD:AMS
Traded in Other Exchanges
N/A
Address
No. 25, Lane 78, Xingai road, Neihu District, Taipei, TWN, 11494
Website
https://www.fis.com.tw
Fortune Information Systems Corp is engaged in providing system integration services like cloud IT infrastructure, network management and information security solutions, customer service and technical support, and operation uninterrupted solutions. The company earns revenue from Service revenue comes from system integration and maintenance of computer hardware and software, also Sales revenue comes from sales of computer hardware and software.

Fortune Information Systems Headlines

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