FIH Mobile (FIH Mobile) Inventory Turnover : 4.77 (As of Dec. 2023)

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What is FIH Mobile 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. FIH Mobile's Cost of Goods Sold for the six months ended in Dec. 2023 was $3,699 Mil. FIH Mobile's Average Total Inventories for the quarter that ended in Dec. 2023 was $775 Mil. FIH Mobile's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FIH Mobile's Days Inventory for the six months ended in Dec. 2023 was 38.23.

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. FIH Mobile's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.21.

FIH Mobile Inventory Turnover Historical Data

The historical data trend for FIH Mobile'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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FIH Mobile Inventory Turnover Chart

FIH Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.86

12.59

11.46

11.63

9.57

FIH Mobile 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															6.16	4.87	6.69	3.12	4.77

FIH Mobile Inventory Turnover Calculation

FIH Mobile'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 )
=	6335.982	/ (	(731.898	+	591.557)	/	2 )
=	6335.982	/	661.7275
=	9.57

FIH Mobile'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 )
=	3698.886	/ (	(958.167	+	591.557)	/	2 )
=	3698.886	/	774.862
=	4.77

FIH Mobile (OTCPK:FXCNF) 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.

FIH Mobile'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
	=	774.862	/	3698.886	*	365 / 2
	=	38.23

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.

FIH Mobile'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 )
	=	774.862	/	3769.081
	=	0.21

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.

FIH Mobile Inventory Turnover Related Terms

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FIH Mobile (FIH Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIH Mobile Ltd (OTCPK:FXCNF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

FXCNY:USA 02038:Hong Kong FW3:Germany

Address

No.4 Minsheng Street, Tucheng District, New Taipei City, TWN, 236

Website

https://www.fihmb.com

FIH Mobile Ltd is a provider of manufacturing services to the handset and wireless communications industry. The firm's services include product development and design, manufacturing and assembly, and after-sale maintenance and repairs. A majority of the firm's revenue is generated in Asia, with the rest coming from Europe and America region.

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