Solid Year Co (ROCO:6737) Inventory Turnover : 2.18 (As of Dec. 2023)

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What is Solid Year 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. Solid Year Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,388 Mil. Solid Year Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$638 Mil. Solid Year Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solid Year Co's Days Inventory for the six months ended in Dec. 2023 was 83.86.

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. Solid Year Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Solid Year Co Inventory Turnover Historical Data

The historical data trend for Solid Year 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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Solid Year Co Inventory Turnover Chart

Solid Year Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.41

8.03

5.99

4.54

3.45

Solid Year Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									2.35	2.43	2.01	1.76	2.18

Solid Year Co Inventory Turnover Calculation

Solid Year 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 )
=	2596.903	/ (	(800.495	+	704.089)	/	2 )
=	2596.903	/	752.292
=	3.45

Solid Year 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 )
=	1388.353	/ (	(571.881	+	704.089)	/	2 )
=	1388.353	/	637.985
=	2.18

Solid Year Co (ROCO:6737) 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.

Solid Year 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
	=	637.985	/	1388.353	*	365 / 2
	=	83.86

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.

Solid Year 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 )
	=	637.985	/	1827.088
	=	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.

Solid Year Co Inventory Turnover Related Terms

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Solid Year Co (ROCO:6737) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid Year Co Ltd (ROCO:6737) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Xintai 5th Road, 18th Floor, No. 97, Section 1, Xizhi District, New Taipei City, Taipei, TWN

Website

http://www.solidyear.com

Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.

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