Ideal Bike (ROCO:8933) Change In Inventory : NT$172 Mil (TTM As of Mar. 2024)

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What is Ideal Bike Change In Inventory?

Ideal Bike's change in inventory for the quarter that ended in Mar. 2024 was NT$170 Mil. It means Ideal Bike's inventory declined by NT$170 Mil from Dec. 2023 to Mar. 2024 .

Ideal Bike's change in inventory for the fiscal year that ended in Dec. 2023 was NT$92 Mil. It means Ideal Bike's inventory declined by NT$92 Mil from Dec. 2022 to Dec. 2023 .

Ideal Bike's Total Inventories for the quarter that ended in Mar. 2024 was NT$2,331 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ideal Bike's Days Inventory for the quarter that ended in Mar. 2024 was 373.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ideal Bike's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

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. Ideal Bike's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.88.

Ideal Bike Change In Inventory Historical Data

The historical data trend for Ideal Bike'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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Ideal Bike Change In Inventory Chart

Ideal Bike Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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96.67

39.95

-811.67

-868.41

92.03

Ideal Bike Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															90.43	-199.68	31.94	169.35	170.25

Ideal Bike 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$172 Mil.

Ideal Bike (ROCO:8933) Change In Inventory Explanation

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

Ideal Bike's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2433.0345	/	594.722	*	365 / 4
	=	373.31

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

Ideal Bike's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	594.722	/	2433.0345
	=	0.24

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2433.0345	/	627.449
	=	3.88

Ideal Bike Change In Inventory Related Terms

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Ideal Bike (ROCO:8933) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ideal Bike Corp (ROCO:8933) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 497, Gangbu Road, Section 1, Wuqi District, Taichung City, TWN, 435

Website

https://www.idealbike.com.tw

Ideal Bike Corp is engaged in manufacturing and selling of bicycles. It offers indoor and outdoor sports cars, baby carriages, mini scooters, and parts. The company also manufactures agricultural machinery, steam locomotives, ships, aircraft, and other parts. Its reportable segments involve the Manufacturing (OEM) segment and Other segments.

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