Fuxing China Group (SGX:AWK) Inventory Turnover : 4.70 (As of Jun. 2024)

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What is Fuxing China 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. Fuxing China Group's Cost of Goods Sold for the six months ended in Jun. 2024 was S$59.5 Mil. Fuxing China Group's Average Total Inventories for the quarter that ended in Jun. 2024 was S$12.7 Mil. Fuxing China Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 4.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fuxing China Group's Days Inventory for the six months ended in Jun. 2024 was 38.82.

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. Fuxing China Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.20.

Fuxing China Group Inventory Turnover Historical Data

The historical data trend for Fuxing China 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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Fuxing China Group Inventory Turnover Chart

Fuxing China Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.19

17.73

15.96

14.25

10.63

Fuxing China 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															6.60	6.76	5.97	5.00	4.70

Fuxing China Group Inventory Turnover Calculation

Fuxing China 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 )
=	133.605	/ (	(10.158	+	14.984)	/	2 )
=	133.605	/	12.571
=	10.63

Fuxing China 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 )
=	59.492	/ (	(14.984	+	10.325)	/	2 )
=	59.492	/	12.6545
=	4.70

Fuxing China Group (SGX:AWK) 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.

Fuxing China 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
	=	12.6545	/	59.492	*	365 / 2
	=	38.82

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.

Fuxing China 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 )
	=	12.6545	/	63.166
	=	0.20

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.

Fuxing China Group Inventory Turnover Related Terms

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Fuxing China Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fuxing China Group Ltd (SGX:AWK) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3FU1:Germany

Address

Hangbian Industrial Area, Longhu Town, Fujian Province, Jinjiang, CHN, 362241

Website

http://www.3fzipper.com

Fuxing China Group Ltd is an investment holding company. The company has four reportable operating segments: Zippers, Processing, Trading, and Corporate. The zipper segment is further subdivided into Zipper Chains and Zipper Sliders. The processing segment includes color dyeing of fabric tapes for zippers, electroplating services for zipper sliders, and manufacturing and sales of dyed yarn. The Trading segment represents the trading of raw materials, including rubber thread, nylon fabric, and nylon yarn. The corporate segment is involved in Group-level corporate services and treasury functions. Its geographical segments are China and Hong Kong, of which China accounts for the majority of its revenue.