Far East Group (SGX:5TJ) Inventory Turnover : 2.56 (As of Dec. 2024)

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What is Far East 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. Far East Group's Cost of Goods Sold for the six months ended in Dec. 2024 was S$44.44 Mil. Far East Group's Average Total Inventories for the quarter that ended in Dec. 2024 was S$17.36 Mil. Far East Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Far East Group's Days Inventory for the six months ended in Dec. 2024 was 71.30.

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 Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.32.

Far East Group Inventory Turnover Historical Data

The historical data trend for Far East 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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Far East Group Inventory Turnover Chart

Far East Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.21

3.90

4.32

3.80

5.00

Far East Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															2.32	1.64	2.15	2.11	2.56

Far East Group Inventory Turnover Calculation

Far East Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	80.136	/ (	(15.598	+	16.467)	/	2 )
=	80.136	/	16.0325
=	5.00

Far East Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	44.44	/ (	(18.255	+	16.467)	/	2 )
=	44.44	/	17.361
=	2.56

Far East Group (SGX:5TJ) 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 Group's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	17.361	/	44.44	*	365 / 2
	=	71.30

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 Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	17.361	/	54.488
	=	0.32

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 Group Inventory Turnover Related Terms

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Far East Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Far East Group Ltd (SGX:5TJ) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

51 Ubi Avenue 3, Singapore, SGP, 408858

Website

https://www.fareastgroup.com.sg

Far East Group Ltd is a Singapore-based company that operates in three segments: Engineering Solutions; Wholesale and Distribution, which accounts for the majority of revenue; and Manufacturing segment. The principal activities of the company are manufacturing and trading of refrigeration parts, servicing of cold rooms, construction and installation of commercial and industrial cold rooms, and all other incidental business of refrigeration. The company's products include air-conditioning materials, which mainly comprise copper pipes, copper tubes, and refrigerants, Its geographical segments are Singapore, Malaysia, Hong Kong/Macau/China, Indo-China, Indonesia, and Others.

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