Frontier Services Group (HKSE:00500) Inventory Turnover : 65.42 (As of Dec. 2023)

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What is Frontier Services Group 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. Frontier Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$318.4 Mil. Frontier Services Group's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$4.9 Mil. Frontier Services Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 65.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Frontier Services Group's Days Inventory for the six months ended in Dec. 2023 was 2.79.

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. Frontier Services Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.01.

Frontier Services Group Inventory Turnover Historical Data

The historical data trend for Frontier Services Group'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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Frontier Services Group Inventory Turnover Chart

Frontier Services Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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155.38

174.73

192.79

182.89

137.51

Frontier Services Group 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															91.88	102.81	79.59	77.88	65.42

Frontier Services Group Inventory Turnover Calculation

Frontier Services Group'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 )
=	709.574	/ (	(5.316	+	5.004)	/	2 )
=	709.574	/	5.16
=	137.51

Frontier Services Group'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 )
=	318.407	/ (	(4.73	+	5.004)	/	2 )
=	318.407	/	4.867
=	65.42

Frontier Services Group (HKSE:00500) 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.

Frontier Services Group'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
	=	4.867	/	318.407	*	365 / 2
	=	2.79

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.

Frontier Services Group'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 )
	=	4.867	/	383.778
	=	0.01

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.

Frontier Services Group Inventory Turnover Related Terms

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Frontier Services Group (HKSE:00500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Frontier Services Group Ltd (HKSE:00500) » Definitions » Inventory Turnover

Comparable Companies

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DVNHF:USA

Address

16 Harcourt Road, Suite 3902, 39th Floor, Far East Finance Centre, Admiralty, Hong Kong, HKG

Website

http://www.fsgroup.com

Frontier Services Group Ltd is an investment holding company. The Group is principally engaged in the provision of aviation, logistics, security, insurance and infrastructure related services and the provision of online financial market information. It operates in three business segments that are Aviation and Logistics Business; Financial Market Information Business, which provides online financial market information; and Security, Insurance, and Infrastructure Business. The Aviation and Logistics Business segment generates maximum revenue for the company. Its geographical segments are Africa, Europe, Mainland China, Hong Kong, and South-East Asia & Middle-East.

Executives

Li Xiaopeng
Fortune Hero Investments Limited	2101 Beneficial owner
Wang Wei	2201 Interest of corporation controlled by you
Shen Zhen Ming De Kong Gu Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Shun Feng Tai Sen Kong Gu Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Shun Feng Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Citic Capital Holdings Limited	2201 Interest of corporation controlled by you
Ko Chun Shun, Johnson	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Citic Limited	2201 Interest of corporation controlled by you
Rich Hill Capital Limited	2101 Beneficial owner
China Taiping Insurance Holdings Company Limited	2201 Interest of corporation controlled by you
Taiping Financial Holdings Company Limited	2201 Interest of corporation controlled by you
Taiping Trustees Limited	2106 Person having a security interest in shares

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