Fic Global (TPE:3701) Inventory Turnover : 0.94 (As of Sep. 2024)

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What is Fic Global 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. Fic Global's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$2,973 Mil. Fic Global's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$3,146 Mil. Fic Global's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fic Global's Days Inventory for the three months ended in Sep. 2024 was 96.58.

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. Fic Global's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.92.

Fic Global Inventory Turnover Historical Data

The historical data trend for Fic Global'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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Fic Global Inventory Turnover Chart

Fic Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.12

4.15

3.77

3.48

3.60

Fic Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.93	0.90	1.03	0.94

Fic Global Inventory Turnover Calculation

Fic Global'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 )
=	11227.876	/ (	(3250.615	+	2994.368)	/	2 )
=	11227.876	/	3122.4915
=	3.60

Fic Global's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	2972.841	/ (	(2947.45	+	3345.29)	/	2 )
=	2972.841	/	3146.37
=	0.94

Fic Global (TPE:3701) 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.

Fic Global's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	3146.37	/	2972.841	*	365 / 4
	=	96.58

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.

Fic Global's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	3146.37	/	3414.535
	=	0.92

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.

Fic Global Inventory Turnover Related Terms

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Fic Global Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fic Global Inc (TPE:3701) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.300, Yang Guang Street, 1-9th Floor, Neihu District, Taipei, TWN

Website

https://www.ficg.com.tw

Fic Global Inc is an investment holding company. Along with its subsidiaries, it is predominantly engaged in research and development, manufacturing and sales of automobile products, monitoring products and industrial computers; electronics manufacturing services for computers and servers; and leases of property. Geographically, the company generates a majority of its revenue from Taiwan followed by Malaysia, the United States, China, and other countries.

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