CHTC Fong's International Co (HKSE:00641) Inventory Turnover : 1.35 (As of Dec. 2023)

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What is CHTC Fong's International Co 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. CHTC Fong's International Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$614 Mil. CHTC Fong's International Co's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$456 Mil. CHTC Fong's International Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CHTC Fong's International Co's Days Inventory for the six months ended in Dec. 2023 was 135.63.

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. CHTC Fong's International Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

CHTC Fong's International Co Inventory Turnover Historical Data

The historical data trend for CHTC Fong's International Co'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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CHTC Fong's International Co Inventory Turnover Chart

CHTC Fong's International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.46

2.33

3.30

3.29

2.74

CHTC Fong's International Co 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															1.73	1.57	1.60	1.28	1.35

CHTC Fong's International Co Inventory Turnover Calculation

CHTC Fong's International Co'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 )
=	1250.758	/ (	(497.228	+	414.613)	/	2 )
=	1250.758	/	455.9205
=	2.74

CHTC Fong's International Co'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 )
=	613.987	/ (	(497.992	+	414.613)	/	2 )
=	613.987	/	456.3025
=	1.35

CHTC Fong's International Co (HKSE:00641) 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.

CHTC Fong's International Co'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
	=	456.3025	/	613.987	*	365 / 2
	=	135.63

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.

CHTC Fong's International Co'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 )
	=	456.3025	/	892.345
	=	0.51

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.

CHTC Fong's International Co Inventory Turnover Related Terms

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CHTC Fong's International Co (HKSE:00641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHTC Fong's International Co Ltd (HKSE:00641) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

51 Kwai Cheong Road, Level 13, Tower 2, Kowloon Commerce Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.fongs.com

CHTC Fong's International Co Ltd is engaged in manufacturing machines, equipment, and other related parts. The group through its subsidiaries operates in three reportable segments which include manufacturing and sale of dyeing and finishing machines, trading of stainless steel supplies and Manufacture and sale of stainless steel casting products. Its business activity functions through various geographical regions which include China, Hong Kong, the Asia-Pacific, Europe, North America, South America, and others. While the majority of the company revenues for Fong's Industries are derived through the dyeing and finishing machines segment.

CHTC Fong's International Co (HKSE:00641) Headlines

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