Far East Horizon (HKSE:03360) Inventory Turnover : 25.89 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Far East Horizon 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. Far East Horizon's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$12,127 Mil. Far East Horizon's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$468 Mil. Far East Horizon's Inventory Turnover for the quarter that ended in Dec. 2023 was 25.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Far East Horizon's Days Inventory for the six months ended in Dec. 2023 was 7.05.

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. Far East Horizon's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Far East Horizon Inventory Turnover Historical Data

The historical data trend for Far East Horizon'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.

* Premium members only.

Far East Horizon Inventory Turnover Chart

Far East Horizon Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

29.08

36.26

34.82

35.55

47.41

Far East Horizon 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															16.54	15.02	19.13	21.47	25.89

Far East Horizon Inventory Turnover Calculation

Far East Horizon'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 )
=	22965.825	/ (	(520.704	+	448.1)	/	2 )
=	22965.825	/	484.402
=	47.41

Far East Horizon'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 )
=	12127.323	/ (	(488.842	+	448.1)	/	2 )
=	12127.323	/	468.471
=	25.89

Far East Horizon (HKSE:03360) 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.

Far East Horizon'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
	=	468.471	/	12127.323	*	365 / 2
	=	7.05

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.

Far East Horizon'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 )
	=	468.471	/	21435.869
	=	0.02

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.

Far East Horizon Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Far East Horizon's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Far East Horizon (HKSE:03360) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Far East Horizon Ltd (HKSE:03360) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

F6H:Germany

Address

1 Austin Road West, Unit 6608, 66th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://www.fehorizon.com

Far East Horizon Ltd is a specialty finance provider. Its services entail integrated finance, investment, trade, advisory and engineering services in healthcare, infrastructure construction, electronic information, packaging, transportation and other sectors. The company operates in two segments. The Financial, lease, and advisory business is the highest revenue-generating segment for the company that deals with the provision of direct finance leasing, sale-leaseback, factoring, entrusted loans, and advisory services. The industrial operation and management business segment deals with the import and export trade and domestic trade of medical equipment, the provision of trade agency services, medical engineering, hospital and healthcare management, and ship brokerage services.

Far East Horizon (HKSE:03360) Headlines

No Headlines