Tung Ho Textile Co (TPE:1414) Days Inventory : 327.20 (As of Mar. 2024)

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What is Tung Ho Textile Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tung Ho Textile Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$432.0 Mil. Tung Ho Textile Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$120.5 Mil. Hence, Tung Ho Textile Co's Days Inventory for the three months ended in Mar. 2024 was 327.20.

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

TPE:1414' s Days Inventory Range Over the Past 10 Years
Min: 149.24 Med: 234.3 Max: 353.91
Current: 342.93

During the past 13 years, Tung Ho Textile Co's highest Days Inventory was 353.91. The lowest was 149.24. And the median was 234.30.

TPE:1414's Days Inventory is ranked worse than
91.21% of 1001 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.24 vs TPE:1414: 342.93

Tung Ho Textile Co's Days Inventory declined from Mar. 2023 (350.45) to Mar. 2024 (327.20).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tung Ho Textile Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.28.

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. Tung Ho Textile Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.08.

Tung Ho Textile Co Days Inventory Historical Data

The historical data trend for Tung Ho Textile 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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Tung Ho Textile Co Days Inventory Chart

Tung Ho Textile Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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250.02

293.57

288.72

353.91

328.48

Tung Ho Textile 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															350.45	377.96	330.65	330.05	327.20

Competitive Comparison of Tung Ho Textile Co's Days Inventory

For the Textile Manufacturing subindustry, Tung Ho Textile 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.

Tung Ho Textile Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Tung Ho Textile Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tung Ho Textile Co's Days Inventory falls into.

Tung Ho Textile Co Days Inventory Calculation

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

Tung Ho Textile 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
=	( (503.983	+	442.709)	/	2 )	/	525.967	*	365
=	473.346					/	525.967	*	365
=	328.48

Tung Ho Textile 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
=	( (442.709	+	421.386)	/	2 )	/	120.49	*	365 / 4
=	432.0475					/	120.49	*	365 / 4
=	327.20

Tung Ho Textile Co (TPE:1414) 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.

Tung Ho Textile Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	120.49	/	432.0475
	=	0.28

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.

Tung Ho Textile Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	432.0475	/	140.068
	=	3.08

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.

Tung Ho Textile Co Days Inventory Related Terms

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

Tung Ho Textile Co (TPE:1414) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Tung Ho Textile Co Ltd (TPE:1414) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 227, Gongye Road, Madou District, Tainan, TWN, 721

Website

http://www.tungho.com.tw

Tung Ho Textile Co Ltd is a Taiwan-based company which engages in the manufacturing and development of textile materials. Its product portfolio includes pure cotton, blended yarn, slub yarn, bamboo charcoal yarn, fine wool, hollow charcoal fiber yarn, recycled polyester yarn, organic cotton yarn, and others. The company's operating segment includes Spinning and Headquarters. It generates maximum revenue from the Spinning segment.

Tung Ho Textile Co (TPE:1414) Headlines

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