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Fortune Asia Group (ASX:FYA) Total Inventories : A$0.00 Mil (As of Jun. 2018)


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What is Fortune Asia Group Total Inventories?

Fortune Asia Group's total inventories for the quarter that ended in Jun. 2018 was A$0.00 Mil. Fortune Asia Group's average total inventories from the quarter that ended in Dec. 2017 to the quarter that ended in Jun. 2018 was A$0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Fortune Asia Group's Net-Net Working Capital per share for the quarter that ended in Jun. 2018 was A$-0.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Inventory Turnover measures how fast the company turns over its inventory within a year.

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.

Fortune Asia Group Total Inventories Historical Data

The historical data trend for Fortune Asia Group's Total Inventories 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.

* Premium members only.

Fortune Asia Group Total Inventories Chart

Fortune Asia Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18
Total Inventories
- - - - -

Fortune Asia Group Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18
Total Inventories Get a 7-Day Free Trial Premium Member Only - - - - -

Fortune Asia Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Fortune Asia Group  (ASX:FYA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Fortune Asia Group's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2018 is

Net-Net Working Capital Per Share (Q: Jun. 2018 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.418+0.75 * 0.091+0.5 * 0-0.503
-0-0)/91
=-0.00

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Fortune Asia Group's Days Inventory for the six months ended in Jun. 2018 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2018 )/Cost of Goods Sold (Q: Jun. 2018 )*Days in Period
=0/0*365 / 2
=

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Fortune Asia Group's Inventory Turnover for the quarter that ended in Jun. 2018 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2018 ) / Average Total Inventories (Q: Jun. 2018 )
=0 / 0
=N/A

4. 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.

Fortune Asia Group's Inventory to Revenue for the quarter that ended in Jun. 2018 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2018 ) / Revenue (Q: Jun. 2018 )
=0 / 0
=

* 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.

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Fortune Asia Group Total Inventories Related Terms

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Fortune Asia Group (ASX:FYA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortune Asia Group Ltd (ASX:FYA) » Definitions » Total Inventories
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Traded in Other Exchanges
N/A
Address
377 Kent Street, Suite 525, Sydney, NSW, AUS, 2000
Website
http://www.ergau.com
Fortune Asia Group Ltd, formerly Emperor Range Group Ltd is engaged in mining and exploration at the tenements situated in Xinjiang Uygur Autonomous Region of the People's Republic of China.

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