Hua Eng Wire & Cable Co (TPE:1608) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Hua Eng Wire & Cable 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. Hua Eng Wire & Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,459 Mil. Hua Eng Wire & Cable Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$4,075 Mil. Hua Eng Wire & Cable Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hua Eng Wire & Cable Co's Days Inventory for the three months ended in Mar. 2024 was 151.20.

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. Hua Eng Wire & Cable Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.55.

Hua Eng Wire & Cable Co Inventory Turnover Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co Inventory Turnover Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.86

2.57

2.90

2.55

2.20

Hua Eng Wire & Cable Co 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															0.54	0.51	0.54	0.59	0.60

Hua Eng Wire & Cable Co Inventory Turnover Calculation

Hua Eng Wire & Cable 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 )
=	9058.659	/ (	(4268.597	+	3968.832)	/	2 )
=	9058.659	/	4118.7145
=	2.20

Hua Eng Wire & Cable Co'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 )
=	2459.301	/ (	(3968.832	+	4181.382)	/	2 )
=	2459.301	/	4075.107
=	0.60

Hua Eng Wire & Cable Co (TPE:1608) 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.

Hua Eng Wire & Cable Co'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
	=	4075.107	/	2459.301	*	365 / 4
	=	151.20

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.

Hua Eng Wire & Cable Co'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 )
	=	4075.107	/	2621.32
	=	1.55

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.

Hua Eng Wire & Cable Co Inventory Turnover Related Terms

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Hua Eng Wire & Cable Co (TPE:1608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company has three reportable segments: Wire segment, Cable segment and Copper segment. Wire segment produces products such as oxygen free copper wire; Cable segment produces power cable, communication cable and optical fiber cable; Copper Segment produces copper plate.

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