Daily Polymer Co (ROCO:4716) Days Inventory : 87.03 (As of Mar. 2024)

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What is Daily Polymer Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Daily Polymer Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$109.2 Mil. Daily Polymer Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$114.5 Mil. Hence, Daily Polymer Co's Days Inventory for the three months ended in Mar. 2024 was 87.03.

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

ROCO:4716' s Days Inventory Range Over the Past 10 Years
Min: 56.34 Med: 62.73 Max: 88.39
Current: 87.39

During the past 13 years, Daily Polymer Co's highest Days Inventory was 88.39. The lowest was 56.34. And the median was 62.73.

ROCO:4716's Days Inventory is ranked worse than
53.22% of 1492 companies
in the Chemicals industry
Industry Median: 82.18 vs ROCO:4716: 87.39

Daily Polymer Co's Days Inventory declined from Mar. 2023 (108.89) to Mar. 2024 (87.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Daily Polymer Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.05.

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. Daily Polymer Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.83.

Daily Polymer Co Days Inventory Historical Data

The historical data trend for Daily Polymer 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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Daily Polymer Co Days Inventory Chart

Daily Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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63.27

67.26

67.28

80.41

88.39

Daily Polymer 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															108.89	97.80	84.65	80.22	87.03

Competitive Comparison of Daily Polymer Co's Days Inventory

For the Specialty Chemicals subindustry, Daily Polymer 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.

Daily Polymer Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Daily Polymer Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Daily Polymer Co's Days Inventory falls into.

Daily Polymer Co Days Inventory Calculation

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

Daily Polymer 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
=	( (122.851	+	105.975)	/	2 )	/	472.47	*	365
=	114.413					/	472.47	*	365
=	88.39

Daily Polymer 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
=	( (105.975	+	112.435)	/	2 )	/	114.504	*	365 / 4
=	109.205					/	114.504	*	365 / 4
=	87.03

Daily Polymer Co (ROCO:4716) 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.

Daily Polymer Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	114.504	/	109.205
	=	1.05

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.

Daily Polymer Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109.205	/	131.249
	=	0.83

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.

Daily Polymer Co Days Inventory Related Terms

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

Daily Polymer Co (ROCO:4716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daily Polymer Co Ltd (ROCO:4716) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 18, Yongong 2nd Road, Yong'An District, Kaohsiung, TWN, 828

Website

https://www.daily-polymer.com

Daily Polymer Co Ltd is engaged in the manufacturing, processing, and trading of synthetic resin products and electronic chemical materials in Taiwan. The company has two reportable segment such as Synthetic Resins Segment, New Materials Segment. The company generates majority of its revenue from Synthetic Resins Segment. Its main products include alkyd resin, polyacrylate resin, unsaturated polyester resin and star products - liquid crystal materials and alignment films for TFT and STN LCD.

Daily Polymer Co (ROCO:4716) Headlines

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