HIM International Music (ROCO:8446) Inventory Turnover : 25.17 (As of Mar. 2024)

View and export this data going back to 2013. Start your Free Trial

What is HIM International Music 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. HIM International Music's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$53 Mil. HIM International Music's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$2 Mil. HIM International Music's Inventory Turnover for the quarter that ended in Mar. 2024 was 25.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HIM International Music's Days Inventory for the three months ended in Mar. 2024 was 3.62.

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. HIM International Music's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

HIM International Music Inventory Turnover Historical Data

The historical data trend for HIM International Music'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.

HIM International Music Inventory Turnover Chart

HIM International Music Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

426.46

225.81

117.54

136.91

244.84

HIM International Music 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															45.90	84.12	80.08	114.76	25.17

HIM International Music Inventory Turnover Calculation

HIM International Music'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 )
=	470.819	/ (	(1.931	+	1.915)	/	2 )
=	470.819	/	1.923
=	244.84

HIM International Music'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 )
=	53.219	/ (	(1.915	+	2.313)	/	2 )
=	53.219	/	2.114
=	25.17

HIM International Music (ROCO:8446) 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.

HIM International Music'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
	=	2.114	/	53.219	*	365 / 4
	=	3.62

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.

HIM International Music'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 )
	=	2.114	/	257.334
	=	0.01

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.

HIM International Music Inventory Turnover Related Terms

Thank you for viewing the detailed overview of HIM International Music's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

HIM International Music (ROCO:8446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » HIM International Music Inc (ROCO:8446) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jian Guo N Road, Sector 2, 15th Floor, No 135, Taipei County, TWN

Website

http://www.him.com.tw

HIM International Music Inc is a Taiwan based media company. The company is engaged in organizing media activities such as live events, autograph sessions, and endorsement activities. It also provides music records and albums. The company also arrange concerts in Taiwan.

HIM International Music (ROCO:8446) Headlines

No Headlines