Tien Li Offshore Wind Technology Co (ROCO:6793) Days Inventory : 9.72 (As of Dec. 2023)

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What is Tien Li Offshore Wind Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tien Li Offshore Wind Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$26 Mil. Tien Li Offshore Wind Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$497 Mil. Hence, Tien Li Offshore Wind Technology Co's Days Inventory for the six months ended in Dec. 2023 was 9.72.

The historical rank and industry rank for Tien Li Offshore Wind Technology Co's Days Inventory or its related term are showing as below:

ROCO:6793' s Days Inventory Range Over the Past 10 Years
Min: 10.59 Med: 11.17 Max: 24.79
Current: 10.59

During the past 7 years, Tien Li Offshore Wind Technology Co's highest Days Inventory was 24.79. The lowest was 10.59. And the median was 11.17.

ROCO:6793's Days Inventory is ranked better than
98.45% of 2910 companies
in the Industrial Products industry
Industry Median: 120.69 vs ROCO:6793: 10.59

Tien Li Offshore Wind Technology Co's Days Inventory declined from Dec. 2022 (10.30) to Dec. 2023 (9.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tien Li Offshore Wind Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 18.77.

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. Tien Li Offshore Wind Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

Tien Li Offshore Wind Technology Co Days Inventory Historical Data

The historical data trend for Tien Li Offshore Wind Technology 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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Tien Li Offshore Wind Technology Co Days Inventory Chart

Tien Li Offshore Wind Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

24.79

11.17

10.99

Tien Li Offshore Wind Technology Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							12.40	10.05	10.30	11.29	9.72

Competitive Comparison of Tien Li Offshore Wind Technology Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Tien Li Offshore Wind Technology 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.

Tien Li Offshore Wind Technology Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tien Li Offshore Wind Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tien Li Offshore Wind Technology Co's Days Inventory falls into.

Tien Li Offshore Wind Technology Co Days Inventory Calculation

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

Tien Li Offshore Wind Technology 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
=	( (22.505	+	29.685)	/	2 )	/	866.857	*	365
=	26.095					/	866.857	*	365
=	10.99

Tien Li Offshore Wind Technology 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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (23.27	+	29.685)	/	2 )	/	496.98	*	365 / 2
=	26.4775					/	496.98	*	365 / 2
=	9.72

Tien Li Offshore Wind Technology Co (ROCO:6793) 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.

Tien Li Offshore Wind Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	496.98	/	26.4775
	=	18.77

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.

Tien Li Offshore Wind Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	26.4775	/	645.243
	=	0.04

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.

Tien Li Offshore Wind Technology Co Days Inventory Related Terms

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

Tien Li Offshore Wind Technology Co (ROCO:6793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tien Li Offshore Wind Technology Co Ltd (ROCO:6793) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Minsheng East Road, 3rd Floor, No. 131, Section 3, Songshan District, Taipei, TWN, 10596

Website

https://www.tien-li.com

Tien Li Offshore Wind Technology Co Ltd specializes in the development and production of wind turbine blades, nacelle covers and molds, as well as blade performance improvement and blade maintenance.

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