FINR (Fintech Scion) Inventory Turnover: 0.75 (As of Sep. 2024)


What is Fintech Scion Inventory Turnover?

Fintech Scion FINR +6,900.00% Inventory Turnover is 0.75 as of Sep. 2024.

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. Fintech Scion's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.01 Mil. Fintech Scion's Average Total Inventories for the quarter that ended in Sep. 2024 was $0.01 Mil. Fintech Scion's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fintech Scion's Days Inventory for the three months ended in Sep. 2024 was 121.67.

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. Fintech Scion's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.05.

Fintech Scion  (OTCPK:FINR) 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.

Fintech Scion's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Sep. 2024 )/Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=0.012/0.009*365 / 4
=121.67

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.

Fintech Scion's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=0.012 / 0.22
=0.05

* 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.

Fintech Scion Inventory Turnover Related Terms

Fintech Scion Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Fintech Scion'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.

Fintech Scion Inventory Turnover Chart

Fintech Scion Annual Data
Trend Oct14 Oct15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 1.50 1.00 207.50 98.29

Fintech Scion Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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 4.87 44.15 3.08 1.83 0.75

Fintech Scion Inventory Turnover Calculation

Fintech Scion'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 )
=0.688 / ((0.002 + 0.012) / 2 )
=0.688 / 0.007
=98.29

Fintech Scion's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

Inventory Turnover (Q: Sep. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Sep. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count )
=0.009 / ((0.012 + 0.012) / 2 )
=0.009 / 0.012
=0.75

* 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 0.75 mean?
Fintech Scion (FINR) has a Inventory Turnover of 0.75 as of Sep. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Fintech Scion and its competitors.
Is Fintech Scion's Inventory Turnover too high?
Fintech Scion's current Inventory Turnover is 0.75.
How does Fintech Scion's Inventory Turnover compare to UBXG and ARAT?
Fintech Scion's Inventory Turnover of 0.75 can be compared against companies in the Software 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 Software company?
A good Inventory Turnover depends on the Software 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 Fintech Scion and its competitors. Fintech Scion's current Inventory Turnover is 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fintech Scion stock overvalued right now?
Fintech Scion (FINR) has a current Inventory Turnover of 0.75. The current Inventory Turnover is 0.75. 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 Fintech Scion (FINR), the current Inventory Turnover is 0.75 as of Sep. 2024. 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.

Fintech Scion Business Description

Address Portman House, 2 Portman Street, London, GBR, W1H 6DU
Fintech Scion Ltd is a fintech enterprise poised to revolutionize the financial landscape through its digital Banking-as-a-Service (BaaS) platform. Its mission is to empower merchants by furnishing them with an integrated suite of tools, skills, and solutions that streamline payment services, unlocking a realm of secure, online, and fully managed transactions and settlements. Its cutting-edge payments platform boasts a comprehensive suite of integrated payment products and services tailored to various channels be it in-store, online, or through mobile and tablet interfaces. This suite encompasses end-to-end payment processing for an array of payment types, merchant acquiring and issuing, diverse methods of mobile and contactless payments, and QR code-based solutions.