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Apex International Financial Engineering Res & Tec Co (ROCO:5210) Inventory Turnover : 10.74 (As of Mar. 2024)


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What is Apex International Financial Engineering Res & Tec 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. Apex International Financial Engineering Res & Tec Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$26.7 Mil. Apex International Financial Engineering Res & Tec Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$2.5 Mil. Apex International Financial Engineering Res & Tec Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apex International Financial Engineering Res & Tec Co's Days Inventory for the three months ended in Mar. 2024 was 8.50.

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. Apex International Financial Engineering Res & Tec Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Apex International Financial Engineering Res & Tec Co Inventory Turnover Historical Data

The historical data trend for Apex International Financial Engineering Res & Tec 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.

* Premium members only.

Apex International Financial Engineering Res & Tec Co Inventory Turnover Chart

Apex International Financial Engineering Res & Tec Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.94 57.96 22.00 13.93 22.07

Apex International Financial Engineering Res & Tec Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover 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 2.15 3.75 11.33 17.21 10.74

Apex International Financial Engineering Res & Tec Co Inventory Turnover Calculation

Apex International Financial Engineering Res & Tec 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 )
=103.084 / ((6.306 + 3.035) / 2 )
=103.084 / 4.6705
=22.07

Apex International Financial Engineering Res & Tec Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover (Q: Mar. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=26.717 / ((3.035 + 1.941) / 2 )
=26.717 / 2.488
=10.74

* 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.

Apex International Financial Engineering Res & Tec Co  (ROCO:5210) 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.

Apex International Financial Engineering Res & Tec Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=2.488/26.717*365 / 4
=8.50

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.

Apex International Financial Engineering Res & Tec Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=2.488 / 74.572
=0.03

* 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

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.

Apex International Financial Engineering Res & Tec Co Inventory Turnover Related Terms

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Apex International Financial Engineering Res & Tec Co (ROCO:5210) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Apex International Financial Engineering Res & Tec Co Ltd (ROCO:5210) » Definitions » Inventory Turnover
Comparable Companies
ROCO:6590 ROCO:6738 ROCO:5202 ROCO:3570 ROCO:6874 ROCO:6910 ROCO:5201 ROCO:6882 ROCO:5211 ROCO:6816 CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
No. 329, Xinhu 2nd Road, 5th Floor, Neihu District, Taipei, TWN
Website
https://www.apex.com.tw
Apex International Financial Engineering Res & Tec Co Ltd is a Taiwan-based company engaged in providing financial technology integration services. The segments of the company are Information Services, Green Energy Development, and Investment, of which maximum revenue is generated from Information Services. The Company is mainly engaged in information software service, electronic information supply service, system integration service, and solar power equipment engineering contracts.

Apex International Financial Engineering Res & Tec Co (ROCO:5210) Headlines

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