Freetech Road Recycling Technology (Holdings) (HKSE:06888) Inventory Turnover : 1.59 (As of Dec. 2023)

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What is Freetech Road Recycling Technology (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. Freetech Road Recycling Technology (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$291.3 Mil. Freetech Road Recycling Technology (Holdings)'s Average Total Inventories for the quarter that ended in Dec. 2023 was HK$183.3 Mil. Freetech Road Recycling Technology (Holdings)'s Inventory Turnover for the quarter that ended in Dec. 2023 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Freetech Road Recycling Technology (Holdings)'s Days Inventory for the six months ended in Dec. 2023 was 114.86.

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. Freetech Road Recycling Technology (Holdings)'s Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.48.

Freetech Road Recycling Technology (Holdings) Inventory Turnover Historical Data

The historical data trend for Freetech Road Recycling Technology (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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Freetech Road Recycling Technology (Holdings) Inventory Turnover Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.37

8.60

3.25

2.07

2.35

Freetech Road Recycling Technology (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															1.51	0.82	1.12	0.72	1.59

Freetech Road Recycling Technology (Holdings) Inventory Turnover Calculation

Freetech Road Recycling Technology (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 )
=	426.256	/ (	(185.532	+	177.335)	/	2 )
=	426.256	/	181.4335
=	2.35

Freetech Road Recycling Technology (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 )
=	291.295	/ (	(189.331	+	177.335)	/	2 )
=	291.295	/	183.333
=	1.59

Freetech Road Recycling Technology (Holdings) (HKSE:06888) 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.

Freetech Road Recycling Technology (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
	=	183.333	/	291.295	*	365 / 2
	=	114.86

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.

Freetech Road Recycling Technology (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 )
	=	183.333	/	379.06
	=	0.48

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.

Freetech Road Recycling Technology (Holdings) Inventory Turnover Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

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