Feitian Technologies Co (SZSE:300386) Inventory Turnover : 0.34 (As of Mar. 2024)

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What is Feitian Technologies 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. Feitian Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥94.6 Mil. Feitian Technologies Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥276.3 Mil. Feitian Technologies Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Feitian Technologies Co's Days Inventory for the three months ended in Mar. 2024 was 266.51.

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. Feitian Technologies Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.87.

Feitian Technologies Co Inventory Turnover Historical Data

The historical data trend for Feitian Technologies 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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Feitian Technologies Co Inventory Turnover Chart

Feitian Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.47

1.54

1.36

1.72

1.60

Feitian Technologies Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.33	0.39	0.53	0.34

Feitian Technologies Co Inventory Turnover Calculation

Feitian Technologies 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 )
=	495.58	/ (	(349.479	+	271.875)	/	2 )
=	495.58	/	310.677
=	1.60

Feitian Technologies Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	94.603	/ (	(271.875	+	280.727)	/	2 )
=	94.603	/	276.301
=	0.34

Feitian Technologies Co (SZSE:300386) 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.

Feitian Technologies Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	276.301	/	94.603	*	365 / 4
	=	266.51

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.

Feitian Technologies Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	276.301	/	147.627
	=	1.87

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.

Feitian Technologies Co Inventory Turnover Related Terms

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Feitian Technologies Co (SZSE:300386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Feitian Technologies Co Ltd (SZSE:300386) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.9 Xueqing Road, 17th Floor, Building B, Huizhi Building, Haidian District, Beijing, CHN, 100085

Website

http://www.ftsafe.com

Feitian Technologies Co Ltd is a supplier of user authentication and transaction security for China Online Banking. The company offers public key infrastructure authentication tokens, one time password tokens, software protection dongles, contact and contactless smart card readers. It also provides turnkey solutions like secure hardware, operating systems, middleware, software application, and services such as personalization and remote lifecycle management. The company's customers include financial institution, telecom, government and business enterprises. Its product lines feature contact and contactless smart cards, EMV chip cards, payment terminals, and user authentication solutions for secure online banking and transaction security.

Executives

Li Wei	Directors, executives
Yu Hua Zhang	Executives
Huang Yu	Director
Han Xue Feng	Directors, executives
Li Qi	Independent director
Lu Zhou	Directors, executives
Yan Yan	Executives

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