Fu Shou Yuan International Group (HKSE:01448) Inventory Turnover : 0.61 (As of Jun. 2024)

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What is Fu Shou Yuan International Group 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. Fu Shou Yuan International Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$372 Mil. Fu Shou Yuan International Group's Average Total Inventories for the quarter that ended in Jun. 2024 was HK$610 Mil. Fu Shou Yuan International Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fu Shou Yuan International Group's Days Inventory for the six months ended in Jun. 2024 was 299.58.

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. Fu Shou Yuan International Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.52.

Fu Shou Yuan International Group Inventory Turnover Historical Data

The historical data trend for Fu Shou Yuan International Group'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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Fu Shou Yuan International Group Inventory Turnover Chart

Fu Shou Yuan International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.45

0.46

1.53

1.20

1.37

Fu Shou Yuan International Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.54	0.68	0.74	0.63	0.61

Fu Shou Yuan International Group Inventory Turnover Calculation

Fu Shou Yuan International Group'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 )
=	845.14	/ (	(624.197	+	610.319)	/	2 )
=	845.14	/	617.258
=	1.37

Fu Shou Yuan International Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	371.594	/ (	(610.319	+	609.654)	/	2 )
=	371.594	/	609.9865
=	0.61

Fu Shou Yuan International Group (HKSE:01448) 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.

Fu Shou Yuan International Group's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	609.9865	/	371.594	*	365 / 2
	=	299.58

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.

Fu Shou Yuan International Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	609.9865	/	1184.188
	=	0.52

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.

Fu Shou Yuan International Group Inventory Turnover Related Terms

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Fu Shou Yuan International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fu Shou Yuan International Group Ltd (HKSE:01448) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Cao Xi Road North, Room 1306, Sheng Ai Building, Xuhui District, Shanghai, CHN, 200030

Website

https://www.fsygroup.com

Fu Shou Yuan International Group Ltd is a personal services company that provides burial, funeral, and auxiliary services throughout China. The company derives the revenue from three business segments which are burial services, funeral services and other services. It derives majority of its revenue from the burial services segment. Within this business activity, Fu Shou Yuan generates most of its revenue from the sale of primarily customized, artistic, and traditional burial plots. The company also provides cemetery maintenance services for its portfolio of cemeteries within its burial services segment. The majority of Fu Shou Yuan's sales come from the Shanghai region, while the Liaoning province also contributes a sizable percentage of total revenue.

Executives

Fsg Holding Corporation	2101 Beneficial owner
Shang Hai Zhong Min Lao Ling Shi Ye Zi Xun Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Shang Hai Zhong Min Lao Ling Shi Ye Kai Fa Fu Wu Zhong Xin	2201 Interest of corporation controlled by you
Shang Hai Hong Fu Tou Zi Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Zhong Fu Shi Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Li Fu Sheng You Xian Gong Si	2201 Interest of corporation controlled by you
Perfect Score Group Limited	2101 Beneficial owner
Yang Guang Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Yang Guang Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner

Fu Shou Yuan International Group Headlines

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