Future World Holdings (HKSE:00572) Inventory Turnover : -11.55 (As of Dec. 2023)

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What is Future World Holdings 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. Future World Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$-0.33 Mil. Future World Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$0.03 Mil. Future World Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was -11.55.

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

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. Future World Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Future World Holdings Inventory Turnover Historical Data

The historical data trend for Future World Holdings'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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Future World Holdings Inventory Turnover Chart

Future World Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.69

25.62

4.27

1.76

2.29

Future World Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.29	1.01	0.74	4.65	-11.55

Future World Holdings Inventory Turnover Calculation

Future World Holdings'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 )
=	17.311	/ (	(7.566	+	0)	/	1 )
=	17.311	/	7.566
=	2.29

Future World Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	-0.335	/ (	(0.029	+	0)	/	1 )
=	-0.335	/	0.029
=	-11.55

Future World Holdings (HKSE:00572) 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.

Future World Holdings's Days Inventory for the six 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
	=	0.029	/	-0.335	*	365 / 2
	=

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.

Future World Holdings'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 )
	=	0.029	/	10.051
	=	0.00

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.

Future World Holdings Inventory Turnover Related Terms

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Future World Holdings (HKSE:00572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Future World Holdings Ltd (HKSE:00572) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Harbour Road, Room 2601-2604 and 2637-2640, 26th Floor, Sun Hung Kai Centre, Wanchai, Hong Kong, HKG

Website

https://www.fw-holdings.com

Future World Holdings Ltd is an investment holding company. The company and its subsidiaries are principally engaged in the businesses of High technology business; Property investment; Provision of financing services; Securities trading and investment and Trading business and related service. Majority of revenue is derived from Provision of financing services segment. The group's operations are located in Hong Kong and the PRC, of which key revenue is derived from Hong Kong.

Executives

Lai Long Wai	2201 Interest of corporation controlled by you
China Clean Energy Technology Limited	2101 Beneficial owner
Chu Mo Kwan	2101 Beneficial owner
Zhao Zhiqiang	2101 Beneficial owner
Fang Wen Wen
Chu Mo Kwan
Yip Chun Tat	2101 Beneficial owner
Yang Xuanzi	2101 Beneficial owner
Tan Jinkang	2101 Beneficial owner
Liu Mingzhong	2101 Beneficial owner
East Jumbo Development Limited	2501 Other
Or Den Fung Bonnie	2401 A concert party to an agreement to buy shares
Hrg Robotics International Limited
Ha Gong Da Ji Qi Ren Ji Tuan Shang Hai Ke Ji Fu Wu You Xian Gong Si
Ha Gong Da Ji Qi Ren Ji Tuan Gu Fen You Xian Gong Si

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