Softstar Entertainment (ROCO:6111) Inventory Turnover : 0.93 (As of Mar. 2024)

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What is Softstar Entertainment 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. Softstar Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$922 Mil. Softstar Entertainment's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$989 Mil. Softstar Entertainment's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Softstar Entertainment's Days Inventory for the three months ended in Mar. 2024 was 97.89.

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. Softstar Entertainment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.75.

Softstar Entertainment Inventory Turnover Historical Data

The historical data trend for Softstar Entertainment'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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Softstar Entertainment Inventory Turnover Chart

Softstar Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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51.97

77.20

4.26

9.02

3.37

Softstar Entertainment 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															0.76	0.87	0.58	0.69	0.93

Softstar Entertainment Inventory Turnover Calculation

Softstar Entertainment'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 )
=	2175.05	/ (	(224.358	+	1067.282)	/	2 )
=	2175.05	/	645.82
=	3.37

Softstar Entertainment'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 )
=	922.236	/ (	(1067.282	+	911.478)	/	2 )
=	922.236	/	989.38
=	0.93

Softstar Entertainment (ROCO:6111) 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.

Softstar Entertainment'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
	=	989.38	/	922.236	*	365 / 4
	=	97.89

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.

Softstar Entertainment'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 )
	=	989.38	/	1316.412
	=	0.75

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.

Softstar Entertainment Inventory Turnover Related Terms

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Softstar Entertainment (ROCO:6111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Softstar Entertainment Inc (ROCO:6111) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Sec. 2, Dunhua S. Road, 22F.-1, No. 77, Da’an District, Taipei, TWN, 106

Website

https://www.softstar.com.tw

Softstar Entertainment Inc is engaged in the development and distribution of computer game software. Its products include stand-alone game software, online game software, Web game software, mobile game software, and computer software peripheral products. The Group is organized into business units based on its products and services and has four reportable operating segments as follows: Operating Department, Research and Development Department, Electronic Products Department, and Beauty Products Department. The majority of revenue comes from Research and development and licensing segment.

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