Tatung Fine Chemicals Co (ROCO:4738) Inventory Turnover : 2.09 (As of Dec. 2023)

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What is Tatung Fine Chemicals Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Tatung Fine Chemicals Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$102.7 Mil. Tatung Fine Chemicals Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$49.3 Mil. Tatung Fine Chemicals Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tatung Fine Chemicals Co's Days Inventory for the six months ended in Dec. 2023 was 87.50.

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. Tatung Fine Chemicals Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Tatung Fine Chemicals Co Inventory Turnover Historical Data

The historical data trend for Tatung Fine Chemicals Co's Inventory Turnover 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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Tatung Fine Chemicals Co Inventory Turnover Chart

Tatung Fine Chemicals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.43

4.11

4.81

3.84

3.74

Tatung Fine Chemicals Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.18	1.97	2.02	1.63	2.09

Tatung Fine Chemicals Co Inventory Turnover Calculation

Tatung Fine Chemicals Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	195.28	/ (	(59.742	+	44.762)	/	2 )
=	195.28	/	52.252
=	3.74

Tatung Fine Chemicals Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	102.737	/ (	(53.758	+	44.762)	/	2 )
=	102.737	/	49.26
=	2.09

Tatung Fine Chemicals Co (ROCO:4738) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Tatung Fine Chemicals Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	49.26	/	102.737	*	365 / 2
	=	87.50

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.

Tatung Fine Chemicals Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	49.26	/	141.25
	=	0.35

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Tatung Fine Chemicals Co Inventory Turnover Related Terms

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Tatung Fine Chemicals Co (ROCO:4738) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tatung Fine Chemicals Co Ltd (ROCO:4738) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.22, Sec. 3, Zhongshan North Road, Zhongshan District, Taipei City, TWN, 10435

Website

http://www.twtfc.com

Tatung Fine Chemicals Co Ltd manufactures and sells coatings and paints. Its product line includes electro-deposition coatings comprising epocy cathodic electro-deposition coating used to apply the primer to automobiles and other products; etc. The company's product includes Epoxy resin, Acrylic electrocoat, Electronic coating, Fan Li water insulation coating.

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