Teco Electric & Machinery Co (LSE:TECD) Days Inventory : 105.25 (As of Mar. 2024)

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What is Teco Electric & Machinery Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Teco Electric & Machinery Co's Average Total Inventories for the three months ended in Mar. 2024 was $370 Mil. Teco Electric & Machinery Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $321 Mil. Hence, Teco Electric & Machinery Co's Days Inventory for the three months ended in Mar. 2024 was 105.25.

The historical rank and industry rank for Teco Electric & Machinery Co's Days Inventory or its related term are showing as below:

LSE:TECD' s Days Inventory Range Over the Past 10 Years
Min: 100.29 Med: 104.43 Max: 117.43
Current: 103.1

During the past 13 years, Teco Electric & Machinery Co's highest Days Inventory was 117.43. The lowest was 100.29. And the median was 104.43.

LSE:TECD's Days Inventory is ranked better than
59.25% of 2913 companies
in the Industrial Products industry
Industry Median: 120.59 vs LSE:TECD: 103.10

Teco Electric & Machinery Co's Days Inventory increased from Mar. 2023 (103.87) to Mar. 2024 (105.25). It might indicate that Teco Electric & Machinery Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Teco Electric & Machinery Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.87.

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. Teco Electric & Machinery Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.85.

Teco Electric & Machinery Co Days Inventory Historical Data

The historical data trend for Teco Electric & Machinery 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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Teco Electric & Machinery Co Days Inventory Chart

Teco Electric & Machinery Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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105.65

97.90

99.58

106.88

101.73

Teco Electric & Machinery Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															103.87	104.48	102.85	101.91	105.25

Competitive Comparison of Teco Electric & Machinery Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Teco Electric & Machinery 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.

Teco Electric & Machinery Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Teco Electric & Machinery Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Teco Electric & Machinery Co's Days Inventory falls into.

Teco Electric & Machinery Co Days Inventory Calculation

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

Teco Electric & Machinery 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
=	( (420.694	+	372.2)	/	2 )	/	1422.364	*	365
=	396.447					/	1422.364	*	365
=	101.73

Teco Electric & Machinery Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (372.2	+	368.271)	/	2 )	/	320.981	*	365 / 4
=	370.2355					/	320.981	*	365 / 4
=	105.25

Teco Electric & Machinery Co (LSE:TECD) 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.

Teco Electric & Machinery Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	320.981	/	370.2355
	=	0.87

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.

Teco Electric & Machinery Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	370.2355	/	433.214
	=	0.85

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.

Teco Electric & Machinery Co Days Inventory Related Terms

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

Teco Electric & Machinery Co (LSE:TECD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teco Electric & Machinery Co Ltd (LSE:TECD) » Definitions » Days Inventory

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Traded in Other Exchanges

1504:Taiwan

Address

No. 19-9, San Chong Road, Nan-Kang, 5th Floor, Taipei, TWN, 11501

Website

https://www.teco.com.tw

Teco Electric & Machinery Co Ltd is a Taiwan-based company that manufactures and sells various types of mechanical equipment, air-conditioning units and electronic equipment products. The company's Heavy industrial products, the largest product line by revenue contribution, are used in fluid machinery, elevators, cranes, petrochemical machinery, rolling mills, pumps, and various other machinery. The company's home appliance offerings comprise air conditioners, refrigerators, washing machines, televisions, air purifiers, and others. The company also provides automation products such as converters, servo controllers, and circuit breakers. The company generates the majority of its sales from Taiwan.