Fourace Industries Group Holdings (HKSE:01455) Inventory Turnover : 2.88 (As of Sep. 2024)

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What is Fourace Industries Group 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. Fourace Industries Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$102.8 Mil. Fourace Industries Group Holdings's Average Total Inventories for the quarter that ended in Sep. 2024 was HK$35.7 Mil. Fourace Industries Group Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fourace Industries Group Holdings's Days Inventory for the six months ended in Sep. 2024 was 63.27.

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. Fourace Industries Group Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.23.

Fourace Industries Group Holdings Inventory Turnover Historical Data

The historical data trend for Fourace Industries Group 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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Fourace Industries Group Holdings Inventory Turnover Chart

Fourace Industries Group Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.95

8.44

7.28

5.55

4.94

Fourace Industries Group Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								3.27	2.64	2.40	2.49	2.88

Fourace Industries Group Holdings Inventory Turnover Calculation

Fourace Industries Group Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	170.659	/ (	(31.656	+	37.451)	/	2 )
=	170.659	/	34.5535
=	4.94

Fourace Industries Group Holdings'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	102.835	/ (	(37.451	+	33.853)	/	2 )
=	102.835	/	35.652
=	2.88

Fourace Industries Group Holdings (HKSE:01455) 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.

Fourace Industries Group Holdings's Days Inventory for the six 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
	=	35.652	/	102.835	*	365 / 2
	=	63.27

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.

Fourace Industries Group Holdings'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 )
	=	35.652	/	154.86
	=	0.23

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.

Fourace Industries Group Holdings Inventory Turnover Related Terms

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Fourace Industries Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Fourace Industries Group Holdings Ltd (HKSE:01455) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit No. 1107, 8 Kwai Cheong Road, 11th Floor, Manhattan Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.fourace.com

Fourace Industries Group Holdings Ltd is engaged in the design, development, manufacturing, and trading of personal care and lifestyle electrical appliances on an ODM basis. The company's product portfolio offers a wide range of personal care electrical appliances, which can be broadly classified into three categories, namely, hair styling series, grooming series, and beauty care series. Geographically, the customers of the company are mainly international brand owners with products marketed mainly in the U.S., Japan, Europe, and Others. It earns the majority of its revenue from Japan.

Executives

Li Shu Yeh	2201 Interest of corporation controlled by you
Ace Champion Inc.	2101 Beneficial owner
Chan Pan Pan	2202 Interest of your spouse
Forever Golden Inc.	2101 Beneficial owner
Loo Kin Kuen Stephen	2202 Interest of your spouse
Sit Hor Wan	2201 Interest of corporation controlled by you

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