Soft-World International (ROCO:5478) Inventory Turnover : 18.49 (As of Mar. 2024)

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What is Soft-World International 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. Soft-World International's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$785 Mil. Soft-World International's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$42 Mil. Soft-World International's Inventory Turnover for the quarter that ended in Mar. 2024 was 18.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Soft-World International's Days Inventory for the three months ended in Mar. 2024 was 4.94.

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. Soft-World International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Soft-World International Inventory Turnover Historical Data

The historical data trend for Soft-World International'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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Soft-World International Inventory Turnover Chart

Soft-World International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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78.35

101.90

87.44

58.83

67.13

Soft-World International 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															14.95	16.50	17.00	27.03	18.49

Soft-World International Inventory Turnover Calculation

Soft-World International'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 )
=	3033.283	/ (	(61.741	+	28.631)	/	2 )
=	3033.283	/	45.186
=	67.13

Soft-World International'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 )
=	784.612	/ (	(28.631	+	56.252)	/	2 )
=	784.612	/	42.4415
=	18.49

Soft-World International (ROCO:5478) 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.

Soft-World International'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
	=	42.4415	/	784.612	*	365 / 4
	=	4.94

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.

Soft-World International'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 )
	=	42.4415	/	1724.632
	=	0.02

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.

Soft-World International Inventory Turnover Related Terms

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Soft-World International (ROCO:5478) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Soft-World International Corp (ROCO:5478) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61, Minzhuang Road, 13th floor, Chianjen Chiu, Kaohsiung, TWN, 806

Website

https://www.soft-world.com

Soft-World International Corp is engaged in the production, sales and provides agency services of entertainment and commercial software; editing, printing and publishing of game magazines; commercial advertising services; and purchase and sale of entertainment products and accessories of the game software. Its segments include Soft-World International Corporation; Chinese Gamer International Corporation; Game Flier International Corporation; Neweb Technologies; Efun Corporation; and Others.

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