Shieh Yih Machinery Industry Co (ROCO:4533) Days Inventory : 222.29 (As of Mar. 2024)

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What is Shieh Yih Machinery Industry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shieh Yih Machinery Industry Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$1,265 Mil. Shieh Yih Machinery Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$519 Mil. Hence, Shieh Yih Machinery Industry Co's Days Inventory for the three months ended in Mar. 2024 was 222.29.

The historical rank and industry rank for Shieh Yih Machinery Industry Co's Days Inventory or its related term are showing as below:

ROCO:4533' s Days Inventory Range Over the Past 10 Years
Min: 108.33 Med: 144.13 Max: 186.66
Current: 178.12

During the past 13 years, Shieh Yih Machinery Industry Co's highest Days Inventory was 186.66. The lowest was 108.33. And the median was 144.13.

ROCO:4533's Days Inventory is ranked worse than
70.73% of 2911 companies
in the Industrial Products industry
Industry Median: 120.17 vs ROCO:4533: 178.12

Shieh Yih Machinery Industry Co's Days Inventory increased from Mar. 2023 (170.78) to Mar. 2024 (222.29). It might indicate that Shieh Yih Machinery Industry Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shieh Yih Machinery Industry Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.41.

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. Shieh Yih Machinery Industry Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.59.

Shieh Yih Machinery Industry Co Days Inventory Historical Data

The historical data trend for Shieh Yih Machinery Industry 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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Shieh Yih Machinery Industry Co Days Inventory Chart

Shieh Yih Machinery Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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162.27

186.66

121.62

144.16

180.29

Shieh Yih Machinery Industry 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															170.78	158.17	204.90	182.26	222.29

Competitive Comparison of Shieh Yih Machinery Industry Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Shieh Yih Machinery Industry 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.

Shieh Yih Machinery Industry Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shieh Yih Machinery Industry Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shieh Yih Machinery Industry Co's Days Inventory falls into.

Shieh Yih Machinery Industry Co Days Inventory Calculation

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

Shieh Yih Machinery Industry 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
=	( (1168.144	+	1238.121)	/	2 )	/	2435.778	*	365
=	1203.1325					/	2435.778	*	365
=	180.29

Shieh Yih Machinery Industry 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
=	( (1238.121	+	1291.96)	/	2 )	/	519.305	*	365 / 4
=	1265.0405					/	519.305	*	365 / 4
=	222.29

Shieh Yih Machinery Industry Co (ROCO:4533) 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.

Shieh Yih Machinery Industry Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	519.305	/	1265.0405
	=	0.41

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.

Shieh Yih Machinery Industry Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1265.0405	/	796.115
	=	1.59

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.

Shieh Yih Machinery Industry Co Days Inventory Related Terms

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

Shieh Yih Machinery Industry Co (ROCO:4533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shieh Yih Machinery Industry Co Ltd (ROCO:4533) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.446, Nanshang Road, Guishan District, Taoyuan, TWN, 333014

Website

https://www.seyi.com

Shieh Yih Machinery Industry Co Ltd designs, develops, manufactures, and sells machinery, and provides IT software services and other design services. The company derives the majority of its revenue from sales of equipment. Its products comprise of Straight Side Mechanical Press, Servo Press, and link mechanical press, among others.

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