FGI Industries (FGI Industries) Inventory Turnover : 2.08 (As of Mar. 2024)

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What is FGI Industries 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. FGI Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was $22.3 Mil. FGI Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was $10.7 Mil. FGI Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FGI Industries's Days Inventory for the three months ended in Mar. 2024 was 43.86.

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. FGI Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

FGI Industries Inventory Turnover Historical Data

The historical data trend for FGI Industries'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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FGI Industries Inventory Turnover Chart

FGI Industries Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

10.85

12.09

10.13

7.54

7.34

FGI Industries Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.72	2.15	2.27	2.24	2.08

FGI Industries Inventory Turnover Calculation

FGI Industries'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 )
=	85.165	/ (	(13.293	+	9.924)	/	2 )
=	85.165	/	11.6085
=	7.34

FGI Industries'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 )
=	22.341	/ (	(9.924	+	11.551)	/	2 )
=	22.341	/	10.7375
=	2.08

FGI Industries (NAS:FGI) 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.

FGI Industries'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
	=	10.7375	/	22.341	*	365 / 4
	=	43.86

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.

FGI Industries'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 )
	=	10.7375	/	30.754
	=	0.35

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.

FGI Industries Inventory Turnover Related Terms

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FGI Industries (FGI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » FGI Industries Ltd (NAS:FGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

906 Murray Road, East Hanover, NJ, USA, 07869

Website

https://www.fgi-industries.com

FGI Industries Ltd is a supplier of kitchen and bath products. It offers sanitaryware, bath furniture, shower systems, customer kitchen cabinetry, and other accessory items. It is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. its revenue is generated by sanitaryware. Geographically it operates in the United States, Canada, Europe, Rest of the World, and the majority of its revenue comes from the United States.

Executives

Todd M. Heysse	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Myong Jae Chung	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
Kellie Z. Weir	director	906 MURRAY ROAD, EAST HANOVER NJ 07869
John Shu-nan Chen	director, officer: Executive Chairman	906 MURRAY ROAD, EAST HANOVER NJ 07869
David E. Bruce	director, officer: Chief Executive Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Jennifer Earl	officer: Executive VP, Canada	906 MURRAY ROAD, EAST HANOVER NJ 07869
Perry Lin	officer: Chief Financial Officer	906 MURRAY ROAD, EAST HANOVER NJ 07869
Robert Kermelewicz	officer: Executive VP, United States	906 MURRAY ROAD, EAST HANOVER NJ 07869
Foremost Groups Ltd	10 percent owner	906 MURRAY ROAD, EAST HANOVER NJ 07869
Norman Kroenke	officer: Executive VP, Europe	906 MURRAY ROAD, EAST HANOVER NJ 07869