Flydoo Technology Holding (HKSE:08069) Inventory Turnover : 10.24 (As of Sep. 2023)

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What is Flydoo Technology Holding 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. Flydoo Technology Holding's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$72.9 Mil. Flydoo Technology Holding's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$7.1 Mil. Flydoo Technology Holding's Inventory Turnover for the quarter that ended in Sep. 2023 was 10.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Flydoo Technology Holding's Days Inventory for the three months ended in Sep. 2023 was 8.91.

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. Flydoo Technology Holding's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.08.

Flydoo Technology Holding Inventory Turnover Historical Data

The historical data trend for Flydoo Technology Holding'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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Flydoo Technology Holding Inventory Turnover Chart

Flydoo Technology Holding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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577.40

713.83

13.11

1.98

27.02

Flydoo Technology Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															2.05	7.63	6.51	8.43	10.24

Flydoo Technology Holding Inventory Turnover Calculation

Flydoo Technology Holding's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	129.731	/ (	(0.218	+	9.384)	/	2 )
=	129.731	/	4.801
=	27.02

Flydoo Technology Holding's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	72.863	/ (	(0	+	7.113)	/	1 )
=	72.863	/	7.113
=	10.24

Flydoo Technology Holding (HKSE:08069) 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.

Flydoo Technology Holding's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	7.113	/	72.863	*	365 / 4
	=	8.91

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.

Flydoo Technology Holding's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	7.113	/	92.625
	=	0.08

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.

Flydoo Technology Holding Inventory Turnover Related Terms

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Flydoo Technology Holding (HKSE:08069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flydoo Technology Holding Ltd (HKSE:08069) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Canton Road, Unit 706-8, 7th Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.flydoo.com.hk

Flydoo Technology Holding Ltd is a travel agency in Hong Kong. It designs, develops and sells package tour and adjacent products such as air tickets and hotel accommodations.

Executives

Chan Suk Mei	2201 Interest of corporation controlled by you
Yuen Sze Keung	2201 Interest of corporation controlled by you
Zong Heng You Tou Zi Kong Gu You Xian Gong Si	2101 Beneficial owner

Flydoo Technology Holding (HKSE:08069) Headlines

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