St Shine Optical Co (ROCO:1565) Days Inventory : 123.15 (As of Dec. 2023)

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What is St Shine Optical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). St Shine Optical Co's Average Total Inventories for the three months ended in Dec. 2023 was NT$1,152 Mil. St Shine Optical Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$854 Mil. Hence, St Shine Optical Co's Days Inventory for the three months ended in Dec. 2023 was 123.15.

The historical rank and industry rank for St Shine Optical Co's Days Inventory or its related term are showing as below:

ROCO:1565' s Days Inventory Range Over the Past 10 Years
Min: 63.16 Med: 97.25 Max: 133.13
Current: 133.13

During the past 13 years, St Shine Optical Co's highest Days Inventory was 133.13. The lowest was 63.16. And the median was 97.25.

ROCO:1565's Days Inventory is ranked better than
70.49% of 776 companies
in the Medical Devices & Instruments industry
Industry Median: 187.12 vs ROCO:1565: 133.13

St Shine Optical Co's Days Inventory declined from Dec. 2022 (146.42) to Dec. 2023 (123.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. St Shine Optical Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. St Shine Optical Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.02.

St Shine Optical Co Days Inventory Historical Data

The historical data trend for St Shine Optical Co's Days 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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St Shine Optical Co Days Inventory Chart

St Shine Optical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

95.16

113.34

109.06

129.45

128.90

St Shine Optical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															146.42	142.96	139.48	131.44	123.15

Competitive Comparison of St Shine Optical Co's Days Inventory

For the Medical Instruments & Supplies subindustry, St Shine Optical Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

St Shine Optical Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, St Shine Optical Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where St Shine Optical Co's Days Inventory falls into.

St Shine Optical Co Days Inventory Calculation

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

St Shine Optical Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1327.345	+	1087.297)	/	2 )	/	3418.643	*	365
=	1207.321					/	3418.643	*	365
=	128.90

St Shine Optical Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1217.686	+	1087.297)	/	2 )	/	853.992	*	365 / 4
=	1152.4915					/	853.992	*	365 / 4
=	123.15

St Shine Optical Co (ROCO:1565) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

St Shine Optical Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	853.992	/	1152.4915
	=	0.74

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.

St Shine Optical Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1152.4915	/	1134.392
	=	1.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

St Shine Optical Co Days Inventory Related Terms

Thank you for viewing the detailed overview of St Shine Optical Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

St Shine Optical Co (ROCO:1565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » St Shine Optical Co Ltd (ROCO:1565) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ta Tung Road, 5th Floor, No.276, Section 1, Hsi Chih District, New Taipei, TWN, 22146

Website

https://www.stshine.com.tw

St Shine Optical Co Ltd is a contact lens manufacturer and one of the largest suppliers of contact lenses in Taiwan. The company primarily sells soft contact lenses, including daily disposable, frequent replacement spherical, frequent replacement toric, colored, and silicone hydrogel lenses. Its frequent replacement portfolio includes weekly, monthly, and quarterly replacement lenses with a range of water contents. St Shine manufactures its lenses with a cast-molding technology developed in-house and uses a computerized lathe cut system to manufacture progressive multifocal lenses used to correct presbyopia. It operates in two segments: Cast molding lenses and Others.

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