First Philippine Holdings (PHS:FPH) Inventory Turnover : 0.57 (As of Mar. 2024)

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What is First Philippine 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. First Philippine Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱25,103 Mil. First Philippine Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱44,370 Mil. First Philippine Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Philippine Holdings's Days Inventory for the three months ended in Mar. 2024 was 161.29.

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 Philippine Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

First Philippine Holdings Inventory Turnover Historical Data

The historical data trend for First Philippine 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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First Philippine Holdings Inventory Turnover Chart

First Philippine Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.26

2.91

3.04

3.66

2.90

First Philippine Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.79	0.77	0.70	0.76	0.57

First Philippine Holdings Inventory Turnover Calculation

First Philippine 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 )
=	112558	/ (	(34744	+	42768)	/	2 )
=	112558	/	38756
=	2.90

First Philippine Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	25103	/ (	(42768	+	45972)	/	2 )
=	25103	/	44370
=	0.57

First Philippine Holdings (PHS:FPH) 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 Philippine Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	44370	/	25103	*	365 / 4
	=	161.29

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 Philippine Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	44370	/	39125
	=	1.13

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 Philippine Holdings Inventory Turnover Related Terms

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First Philippine Holdings (PHS:FPH) Business Description

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FPHPC.PFD:Philippines

Address

Ortigas Avenue, Rockwell Business Center, 6th Floor, Tower 3, Pasig City, PHL, 1604

Website

https://www.fphc.com

First Philippine Holdings Corporation, or FPH, is a Filipino holding company involved in the purchasing and acquiring of shares in energy, real estate, manufacturing, construction, and engineering companies. FPH segments its activities into Power Generation, Real Estate Development, and Energy Solutions and Construction Services business units. The company's Power Generation division generates and distributes electricity. With its primary energy subsidiaries, First Gen Corporation and Energy Development Corporation, FPH operates a portfolio of natural gas-fired, hydroelectric, geothermal, wind, and solar power plants. The company derives the vast majority of its revenue from the sale of electricity. Principally all of FPH's operations take place in the Philippines.