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Airtac International Group (TPE:1590) Days Inventory : 153.58 (As of Dec. 2023)


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What is Airtac International Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Airtac International Group's Average Total Inventories for the three months ended in Dec. 2023 was NT$6,554 Mil. Airtac International Group's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$3,894 Mil. Hence, Airtac International Group's Days Inventory for the three months ended in Dec. 2023 was 153.58.

The historical rank and industry rank for Airtac International Group's Days Inventory or its related term are showing as below:

TPE:1590' s Days Inventory Range Over the Past 10 Years
Min: 124.85   Med: 159   Max: 181.96
Current: 155.07

During the past 13 years, Airtac International Group's highest Days Inventory was 181.96. The lowest was 124.85. And the median was 159.00.

TPE:1590's Days Inventory is ranked worse than
64.58% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs TPE:1590: 155.07

Airtac International Group's Days Inventory declined from Dec. 2022 (192.73) to Dec. 2023 (153.58).

Inventory Turnover measures how fast the company turns over its inventory within a year. Airtac International Group's Inventory Turnover for the three months ended in Dec. 2023 was 0.59.

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. Airtac International Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.89.


Airtac International Group Days Inventory Historical Data

The historical data trend for Airtac International Group'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.

* Premium members only.

Airtac International Group Days Inventory Chart

Airtac International Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 155.89 128.37 124.85 161.55 156.45

Airtac International Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 192.73 175.01 144.50 147.94 153.58

Competitive Comparison of Airtac International Group's Days Inventory

For the Specialty Industrial Machinery subindustry, Airtac International Group'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.


Airtac International Group's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtac International Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Airtac International Group's Days Inventory falls into.



Airtac International Group Days Inventory Calculation

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

Airtac International Group'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
=( (7250.257 + 6528.334) / 2 ) / 16072.37*365
=6889.2955 / 16072.37*365
=156.45

Airtac International Group'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: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (6579.761 + 6528.334) / 2 ) / 3894.073*365 / 4
=6554.0475 / 3894.073*365 / 4
=153.58

* 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.


Airtac International Group  (TPE:1590) 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.

Airtac International Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Airtac International Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Airtac International Group Days Inventory Related Terms

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


Airtac International Group (TPE:1590) Business Description

Traded in Other Exchanges
N/A
Address
No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148
Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

Airtac International Group (TPE:1590) Headlines

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