Fintec Global Bhd (XKLS:0150PA.PFD) Inventory Turnover : 1.03 (As of Dec. 2023)

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What is Fintec Global Bhd 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. Fintec Global Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM3.19 Mil. Fintec Global Bhd's Average Total Inventories for the quarter that ended in Dec. 2023 was RM3.09 Mil. Fintec Global Bhd's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fintec Global Bhd's Days Inventory for the three months ended in Dec. 2023 was 88.44.

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. Fintec Global Bhd's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Fintec Global Bhd Inventory Turnover Historical Data

The historical data trend for Fintec Global Bhd'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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Fintec Global Bhd Inventory Turnover Chart

Fintec Global Bhd Annual Data

Trend

Jan14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Jun21

Jun22

Jun23

Inventory Turnover

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67.37

18.83

54.44

6.43

6.60

Fintec Global Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.11	5.54	0.64	0.53	1.03

Fintec Global Bhd Inventory Turnover Calculation

Fintec Global Bhd's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	22.49	/ (	(3.495	+	3.319)	/	2 )
=	22.49	/	3.407
=	6.60

Fintec Global Bhd'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 )
=	3.185	/ (	(3.243	+	2.931)	/	2 )
=	3.185	/	3.087
=	1.03

Fintec Global Bhd (XKLS:0150PA.PFD) 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.

Fintec Global Bhd'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
	=	3.087	/	3.185	*	365 / 4
	=	88.44

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.

Fintec Global Bhd'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 )
	=	3.087	/	3.827
	=	0.81

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.

Fintec Global Bhd Inventory Turnover Related Terms

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Fintec Global Bhd (XKLS:0150PA.PFD) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fintec Global Bhd (XKLS:0150PA.PFD) » Definitions » Inventory Turnover

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0150:Malaysia

Address

No. 8, Persiaran Tropicana, Lot 13.1, Level 13, Menara Lien Hoe, Tropicana Golf & Country Resort, Petaling Jaya, MYS, 47410

Website

https://www.fintec.global

Fintec Global Bhd is a technology incubation, investment holding company and manufacturing and sale of rubber gloves. The company's operating segment includes Strategic Investment; AgrilTech; Financial services; and Gloves. It generates maximum revenue from the Strategic investment segment. The company geographically covers Malaysia, Hong Kong and Unites States, out of which it derives maximum revenue from Malaysia.

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