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FSM Holdings (HKSE:01721) Total Inventories : HK$6.40 Mil (As of Jun. 2024)


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What is FSM Holdings Total Inventories?

FSM Holdings's total inventories for the quarter that ended in Jun. 2024 was HK$6.40 Mil. FSM Holdings's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Jun. 2024 was HK$8.35 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. FSM Holdings's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was HK$0.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FSM Holdings's Days Inventory for the six months ended in Jun. 2024 was 62.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. FSM Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.93.

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. FSM Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.


FSM Holdings Total Inventories Historical Data

The historical data trend for FSM Holdings'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.

FSM Holdings Total Inventories Chart

FSM Holdings Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.90 8.93 18.72 10.30 10.91

FSM Holdings Semi-Annual Data
Dec15 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.72 14.60 10.30 6.40 10.91

FSM Holdings 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.


FSM Holdings  (HKSE:01721) 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.

FSM Holdings's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2024 is

Net-Net Working Capital Per Share (Q: Jun. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(223.958+0.75 * 11.273+0.5 * 6.396-117.696
-0-0)/1000.000
=0.12

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

FSM Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=8.3455/24.429*365 / 2
=62.35

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

FSM Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jun. 2024 ) / Average Total Inventories (Q: Jun. 2024 )
=24.429 / 8.3455
=2.93

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.

FSM Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=8.3455 / 40.694
=0.21

* 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.


FSM Holdings Total Inventories Related Terms

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FSM Holdings Business Description

Traded in Other Exchanges
N/A
Address
8 Hysan Avenue, Causeway Bay, Room R125, 3/F., Eton Tower, Hong Kong, HKG
FSM Holdings Ltd is principally engaged in precision engineering, sheet metal fabrication, and the development and distribution of an online mobile game. The company has two business segments. The manufacturing business, which is the key revenue driver, is engaged in sheet metal fabrication with a focus on precision engineering and precision machining service; Online business includes the development, distribution, and operation of online mobile games. The company generates maximum revenue from the manufacturing business.
Executives
Li Thet 2201 Interest of corporation controlled by you
Luxuriant East Limited 2101 Beneficial owner

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