Taitron Components (Taitron Components) Change In Inventory : $1.23 Mil (TTM As of Dec. 2023)

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What is Taitron Components Change In Inventory?

Taitron Components's change in inventory for the quarter that ended in Dec. 2023 was $0.12 Mil. It means Taitron Components's inventory declined by $0.12 Mil from Sep. 2023 to Dec. 2023 .

Taitron Components's change in inventory for the fiscal year that ended in Dec. 2023 was $1.23 Mil. It means Taitron Components's inventory declined by $1.23 Mil from Dec. 2022 to Dec. 2023 .

Taitron Components's Total Inventories for the quarter that ended in Dec. 2023 was $2.60 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taitron Components's Days Inventory for the quarter that ended in Dec. 2023 was 560.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taitron Components's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.16.

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. Taitron Components's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.78.

Taitron Components Change In Inventory Historical Data

The historical data trend for Taitron Components's Change In Inventory 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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Taitron Components Change In Inventory Chart

Taitron Components Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2.31

1.20

-1.88

1.18

1.23

Taitron Components Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.70	0.73	-0.13	0.52	0.12

Taitron Components Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.23 Mil.

Taitron Components (NAS:TAIT) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Taitron Components's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2.692	/	0.438	*	365 / 4
	=	560.83

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Taitron Components's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.438	/	2.692
	=	0.16

3. 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.

Taitron Components's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.692	/	0.969
	=	2.78

Taitron Components Change In Inventory Related Terms

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Taitron Components (Taitron Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taitron Components Inc (NAS:TAIT) » Definitions » Change In Inventory

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Address

28040 West Harrison Parkway, Valencia, CA, USA, 91355

Website

https://www.taitroncomponents.com

Taitron Components Inc is a supplier of originally designed and manufactured (ODM) products that include value-added engineering and turn-key solutions. It focuses on providing original equipment manufacturers (OEMs) and contracts electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects and ODM electronic components. Its product offerings range from discrete semiconductors to small electronic devices. The company also distributes brand-name electronic components with a vast inventory available on hand. Its Taiwan and China locations provide support for inventory sourcing, purchases, and coordinating the manufacture of ODM Projects and ODM Components.

Executives

Chi-lin Chung	director	28040 WEST HARRISON PARKWAY, VALENCIA CA 91355
Craig Miller	director	15165 VENTURA BLVD, STE 425, SHERMAAN OAKS CA 91403
David Vanderhorst	officer: CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Stewart Wang	director, 10 percent owner, officer: President, CEO, CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Tzu Sheng Ku	director, 10 percent owner, officer: Chairman	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Richard Chiang	director	28040 W HARRISON PKWY, VALENCIA CA 91355
Felix Sung	director	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355