First Resources (SGX:EB5) Inventory Turnover : 2.01 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is First Resources 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. First Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was S$434 Mil. First Resources's Average Total Inventories for the quarter that ended in Dec. 2023 was S$216 Mil. First Resources's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Resources's Days Inventory for the six months ended in Dec. 2023 was 90.98.

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. First Resources's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

First Resources Inventory Turnover Historical Data

The historical data trend for First Resources'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.

* Premium members only.

First Resources Inventory Turnover Chart

First Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.47

3.04

4.15

3.80

3.87

First Resources 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															2.28	1.23	1.70	1.71	2.01

First Resources Inventory Turnover Calculation

First Resources'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 )
=	822.637	/ (	(226.006	+	199.112)	/	2 )
=	822.637	/	212.559
=	3.87

First Resources'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 )
=	433.953	/ (	(233.556	+	199.112)	/	2 )
=	433.953	/	216.334
=	2.01

First Resources (SGX:EB5) 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.

First Resources'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
	=	216.334	/	433.953	*	365 / 2
	=	90.98

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.

First Resources'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 )
	=	216.334	/	708.4
	=	0.31

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.

First Resources Inventory Turnover Related Terms

Thank you for viewing the detailed overview of First Resources's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

First Resources (SGX:EB5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » First Resources Ltd (SGX:EB5) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

5F1:Germany

Address

7 Temasek Boulevard, No. 24-01, Suntec Tower One, Singapore, SGP, 038987

Website

https://www.first-resources.com

First Resources Ltd manages more than 200,000 hectares of oil palm plantations located in Indonesia and mills fresh fruit bunches into crude palm oil and palm kernel. In addition, the group also processes crude palm oil and palm kernel into higher-value palm-based products such as refined, bleached, and deodorized olein and biodiesel. The operating segment of the company is Plantations and Palm Oil Mills & Refineries and Processing. The plantations and palm oil mills segment is principally involved in the cultivation and maintenance of oil palm plantations and the operation of palm oil mills. Refinery and processing segment markets and sells processed palm-based products produced from the refinery, fractionation and biodiesel plants, and other downstream processing facilities.

First Resources (SGX:EB5) Headlines

No Headlines