CAOHF (FDG Electric Vehicles) Inventory Turnover: 1.89 (As of Sep. 2019)

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CAOHF FDG Electric Vehicles Ltd CAOHF
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What is FDG Electric Vehicles Inventory Turnover?

FDG Electric Vehicles CAOHF 12 Inventory Turnover is 1.89 as of Sep. 2019. GuruFocus rates CAOHF with a GF Score™ of 12/100.

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. FDG Electric Vehicles's Cost of Goods Sold for the six months ended in Sep. 2019 was $57.99 Mil. FDG Electric Vehicles's Average Total Inventories for the quarter that ended in Sep. 2019 was $30.70 Mil. FDG Electric Vehicles's Inventory Turnover for the quarter that ended in Sep. 2019 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FDG Electric Vehicles's Days Inventory for the six months ended in Sep. 2019 was 96.62.

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. FDG Electric Vehicles's Inventory-to-Revenue for the quarter that ended in Sep. 2019 was 0.49.

FDG Electric Vehicles  (OTCPK:CAOHF) 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.

FDG Electric Vehicles's Days Inventory for the six months ended in Sep. 2019 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2019 )/Cost of Goods Sold (Q: Sep. 2019 )*Days in Period
=30.7/57.986*365 / 2
=96.62

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.

FDG Electric Vehicles's Inventory to Revenue for the quarter that ended in Sep. 2019 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2019 ) / Revenue (Q: Sep. 2019 )
=30.7 / 62.172
=0.49

* 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.

FDG Electric Vehicles Inventory Turnover Related Terms

FDG Electric Vehicles Inventory Turnover Historical Data

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The historical data trend for FDG Electric Vehicles'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.

FDG Electric Vehicles Inventory Turnover Chart

FDG Electric Vehicles Annual Data
Trend Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 0.54 1.61 1.38 0.75

FDG Electric Vehicles Semi-Annual Data
Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19
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 0.36 0.90 0.36 0.51 1.89
CAOHF
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FDG Electric Vehicles Ltd CAOHF
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FDG Electric Vehicles Inventory Turnover Calculation

FDG Electric Vehicles's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

Inventory Turnover (A: Mar. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2019 ) / ((Total Inventories (A: Mar. 2018 ) + Total Inventories (A: Mar. 2019 )) / count )
=40.629 / ((72.288 + 36.74) / 2 )
=40.629 / 54.514
=0.75

FDG Electric Vehicles's Inventory Turnover for the quarter that ended in Sep. 2019 is calculated as

Inventory Turnover (Q: Sep. 2019 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2019 ) / ((Total Inventories (Q: Mar. 2019 ) + Total Inventories (Q: Sep. 2019 )) / count )
=57.986 / ((36.74 + 24.66) / 2 )
=57.986 / 30.7
=1.89

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.89 mean?
FDG Electric Vehicles (CAOHF) has a Inventory Turnover of 1.89 as of Sep. 2019. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on FDG Electric Vehicles and its competitors.
Is FDG Electric Vehicles' Inventory Turnover too high?
FDG Electric Vehicles' current Inventory Turnover is 1.89. Overall, FDG Electric Vehicles has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does FDG Electric Vehicles' Inventory Turnover compare to APTV?
FDG Electric Vehicles' Inventory Turnover of 1.89 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Vehicles & Parts company?
A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on FDG Electric Vehicles and its competitors. FDG Electric Vehicles's current Inventory Turnover is 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FDG Electric Vehicles stock overvalued right now?
FDG Electric Vehicles (CAOHF) has a current Inventory Turnover of 1.89. The current Inventory Turnover is 1.89. FDG Electric Vehicles' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For FDG Electric Vehicles (CAOHF), the current Inventory Turnover is 1.89 as of Sep. 2019. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FDG Electric Vehicles Business Description

Address 26 Harbour Road, Rooms 3001-3005, 30th Floor, China Resources Building, Wanchai, Hong Kong, HKG
FDG Electric Vehicles Ltd is a Hong Kong-based investment holding company principally engaged in the production and distribution of new energy electric vehicles and their core components. The group is principally engaged in research and development, production and sale of lithium-ion batteries and related products. In addition, it is also engaged in vehicle design, manufacture and sale of electric vehicles, leasing of electric vehicles. The company derives the majority of its revenue from selling lithium-ion batteries in China.
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