Founder Holdings (Founder Holdings) Inventory Turnover : 2.84 (As of Dec. 2023)

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What is Founder Holdings 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. Founder Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $38.2 Mil. Founder Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $13.4 Mil. Founder Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Founder Holdings's Days Inventory for the six months ended in Dec. 2023 was 64.28.

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. Founder Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

Founder Holdings Inventory Turnover Historical Data

The historical data trend for Founder Holdings'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.

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Founder Holdings Inventory Turnover Chart

Founder Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.53

6.75

6.01

4.71

5.57

Founder Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.75	1.35	2.63	1.90	2.84

Founder Holdings Inventory Turnover Calculation

Founder Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	63.658	/ (	(11.359	+	11.513)	/	2 )
=	63.658	/	11.436
=	5.57

Founder Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	38.184	/ (	(15.384	+	11.513)	/	2 )
=	38.184	/	13.4485
=	2.84

Founder Holdings (OTCPK:FHGDF) 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.

Founder Holdings's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13.4485	/	38.184	*	365 / 2
	=	64.28

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.

Founder Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13.4485	/	77.977
	=	0.17

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.

Founder Holdings Inventory Turnover Related Terms

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Founder Holdings (Founder Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Founder Holdings Ltd (OTCPK:FHGDF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

00418:Hong Kong FOU1:Germany

Address

9 Hoi Shing Road, Unit 1408, 14th Floor, New Territories, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.founder.com.hk

Founder Holdings Ltd is engaged in software development and systems integration. It operates in the business division of the provision of software development and system integration and information products distribution. Geographically, the company operates in Hong Kong, Mainland China, and other countries, of which key revenue is generated from Mainland China. The group serves in the fields of printing, media, publishing, big data, and fonts library.

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