Fosun International (HKSE:00656) Inventory Turnover : 0.80 (As of Dec. 2023)

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What is Fosun International 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. Fosun International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$83,393 Mil. Fosun International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$104,533 Mil. Fosun International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fosun International's Days Inventory for the six months ended in Dec. 2023 was 228.76.

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. Fosun International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.94.

Fosun International Inventory Turnover Historical Data

The historical data trend for Fosun International'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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Fosun International Inventory Turnover Chart

Fosun International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.71

1.47

1.39

1.35

1.52

Fosun International 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															0.75	0.73	0.74	0.69	0.80

Fosun International Inventory Turnover Calculation

Fosun International'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 )
=	161226.67	/ (	(114750.895	+	98011.555)	/	2 )
=	161226.67	/	106381.225
=	1.52

Fosun International'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 )
=	83393.16	/ (	(111053.512	+	98011.555)	/	2 )
=	83393.16	/	104532.5335
=	0.80

Fosun International (HKSE:00656) 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.

Fosun International'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
	=	104532.5335	/	83393.16	*	365 / 2
	=	228.76

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.

Fosun International'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 )
	=	104532.5335	/	110620.052
	=	0.94

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.

Fosun International Inventory Turnover Related Terms

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Fosun International (HKSE:00656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Fosun International Ltd (HKSE:00656) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FOSUY:USA FOSUF:USA FNI:Germany FNI:Germany

Address

3 Garden Road, Room 808, Industrial and Commercial Bank of China Building, Central, Hong Kong, HKG

Website

https://www.fosun.com

Fosun International Ltd is an investment holding company. The company's operating segments include Health; Happiness; Insurance; Asset Management and Intelligent Manufacturing. It generates maximum revenue from the Happiness segment. The Wealth Segment includes two major sub-segments: Insurance and Asset Management. The Happiness segment comprises principally the operation and investments in tourism and leisure, fashion consumer, and lifestyle industries. Geographically, it derives a majority of its revenue from the Chinese Mainland.

Executives

Guo Guangchang	2201 Interest of corporation controlled by you
Fosun Holdings Limited	2101 Beneficial owner
Fosun International Holdings Ltd.	2201 Interest of corporation controlled by you

Fosun International (HKSE:00656) Headlines

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