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. Fintech Scion's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $0.57 Mil. Fintech Scion's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.01 Mil.
Fintech Scion's Inventory Turnover for the quarter that ended in Dec. 2023 was 44.15.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Fintech Scion's Days Inventory for the
three
months ended in Dec. 2023 was 2.07.
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.
Fintech Scion's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.
Fintech Scion Inventory Turnover Historical Data
The historical data trend for Fintech Scion'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.
* 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.
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.
Fintech Scion's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
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.
Fintech Scion's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
* 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
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.
Fintech Scion Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Fintech Scion's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Fintech Scion (Fintech Scion) Business Description
Fintech Scion Ltd Formerly HWGC Holdings Ltd offers digital banking services by providing the tools, skills and solutions to facilitate payment services to merchants, offering a variety of secured, online and fully managed transactions and settlements. It provides a financial layered ecosystem built on a broad technology infrastructure that enables financial institutions to offer a consolidated experience. The Company support different verticals serving the business-to-business, business-to-consumer and consumer-to-business landscape.
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