Senao International Co (TPE:2450) Inventory Turnover : 2.95 (As of Mar. 2024)

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What is Senao International 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. Senao International Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$7,256 Mil. Senao International Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$2,460 Mil. Senao International Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Senao International Co's Days Inventory for the three months ended in Mar. 2024 was 30.94.

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. Senao International Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Senao International Co Inventory Turnover Historical Data

The historical data trend for Senao International 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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Senao International Co Inventory Turnover Chart

Senao International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.30

12.43

11.79

10.11

10.76

Senao International 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															2.59	2.51	2.77	2.91	2.95

Senao International Co Inventory Turnover Calculation

Senao International 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 )
=	27859.481	/ (	(2797.824	+	2379.632)	/	2 )
=	27859.481	/	2588.728
=	10.76

Senao International 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 )
=	7255.624	/ (	(2379.632	+	2540.534)	/	2 )
=	7255.624	/	2460.083
=	2.95

Senao International Co (TPE:2450) 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.

Senao International 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
	=	2460.083	/	7255.624	*	365 / 4
	=	30.94

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.

Senao International 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 )
	=	2460.083	/	8134.318
	=	0.30

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.

Senao International Co Inventory Turnover Related Terms

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Senao International Co (TPE:2450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Senao International Co Ltd (TPE:2450) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.531, Chung Cheng Road, 2nd Floor, Hsin-Tien, New Taipei City, TWN

Website

https://www.senao.com.tw

Senao International Co Ltd is a company mainly engaged in agent distribution and sale of mobile phones, tablets, related accessories, and other digital communication products. The company also provides related maintenance services. The communication products account for most of the company's revenue. It operates in the business segment of selling information and communication products and peripheral products in Taiwan. It provides products under several brands, like Samsung, Sony Mobile, LG, Huawei, OPPO, HTC, ASUS, and others. The company generates the majority of its total revenue from the Taiwanese market.

Senao International Co (TPE:2450) Headlines

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