Foxconn Industrial Internet Co (SHSE:601138) Inventory Turnover : 1.77 (As of Dec. 2023)

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What is Foxconn Industrial Internet Co 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. Foxconn Industrial Internet Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥135,314 Mil. Foxconn Industrial Internet Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ¥76,665 Mil. Foxconn Industrial Internet Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Foxconn Industrial Internet Co's Days Inventory for the three months ended in Dec. 2023 was 51.70.

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. Foxconn Industrial Internet Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.52.

Foxconn Industrial Internet Co Inventory Turnover Historical Data

The historical data trend for Foxconn Industrial Internet Co'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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Foxconn Industrial Internet Co Inventory Turnover Chart

Foxconn Industrial Internet Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.47

9.13

6.87

6.36

5.69

Foxconn Industrial Internet Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.75	1.29	1.27	1.48	1.77

Foxconn Industrial Internet Co Inventory Turnover Calculation

Foxconn Industrial Internet Co'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 )
=	437964.301	/ (	(77321.754	+	76683.349)	/	2 )
=	437964.301	/	77002.5515
=	5.69

Foxconn Industrial Internet Co'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	135313.945	/ (	(76646.324	+	76683.349)	/	2 )
=	135313.945	/	76664.8365
=	1.77

Foxconn Industrial Internet Co (SHSE:601138) 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.

Foxconn Industrial Internet Co's Days Inventory for the three 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
	=	76664.8365	/	135313.945	*	365 / 4
	=	51.70

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.

Foxconn Industrial Internet Co'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 )
	=	76664.8365	/	147521.722
	=	0.52

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.

Foxconn Industrial Internet Co Inventory Turnover Related Terms

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Foxconn Industrial Internet Co (SHSE:601138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foxconn Industrial Internet Co Ltd (SHSE:601138) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 East Ring Road, Longhua Street, 2nd Floor, Building C1, Foxconn Technology Park, Longhua District, Guangdong Province, Shenzhen, CHN, 518109

Website

http://www.fii-foxconn.com

Foxconn Industrial Internet Co Ltd is engaged in designing and manufacturing of communication network equipment, cloud service equipment, precision tools, and industrial robots. The company's main products cover communication network equipment, cloud service equipment, precision tools and industrial robots. The products are mainly used in smartphones, broadband, and wireless networks, infrastructure construction of multimedia service operators, infrastructure construction of telecom operators, and others.

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