Tien Li Offshore Wind Technology Co (ROCO:6793) Inventory Turnover : 18.77 (As of Dec. 2023)

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What is Tien Li Offshore Wind Technology 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. Tien Li Offshore Wind Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$497 Mil. Tien Li Offshore Wind Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$26 Mil. Tien Li Offshore Wind Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 18.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tien Li Offshore Wind Technology Co's Days Inventory for the six months ended in Dec. 2023 was 9.72.

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. Tien Li Offshore Wind Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Tien Li Offshore Wind Technology Co Inventory Turnover Historical Data

The historical data trend for Tien Li Offshore Wind Technology 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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Tien Li Offshore Wind Technology Co Inventory Turnover Chart

Tien Li Offshore Wind Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.72

32.68

33.22

Tien Li Offshore Wind Technology Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							14.72	18.16	17.71	16.16	18.77

Tien Li Offshore Wind Technology Co Inventory Turnover Calculation

Tien Li Offshore Wind Technology 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 )
=	866.857	/ (	(22.505	+	29.685)	/	2 )
=	866.857	/	26.095
=	33.22

Tien Li Offshore Wind Technology 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 )
=	496.98	/ (	(23.27	+	29.685)	/	2 )
=	496.98	/	26.4775
=	18.77

Tien Li Offshore Wind Technology Co (ROCO:6793) 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.

Tien Li Offshore Wind Technology 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
	=	26.4775	/	496.98	*	365 / 2
	=	9.72

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.

Tien Li Offshore Wind Technology 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 )
	=	26.4775	/	645.243
	=	0.04

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.

Tien Li Offshore Wind Technology Co Inventory Turnover Related Terms

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Tien Li Offshore Wind Technology Co (ROCO:6793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tien Li Offshore Wind Technology Co Ltd (ROCO:6793) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Minsheng East Road, 3rd Floor, No. 131, Section 3, Songshan District, Taipei, TWN, 10596

Website

https://www.tien-li.com

Tien Li Offshore Wind Technology Co Ltd specializes in the development and production of wind turbine blades, nacelle covers and molds, as well as blade performance improvement and blade maintenance.

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