United Radiant Technology (ROCO:5315) Days Inventory : 88.97 (As of Dec. 2023)

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What is United Radiant Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Radiant Technology's Average Total Inventories for the three months ended in Dec. 2023 was NT$238 Mil. United Radiant Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$244 Mil. Hence, United Radiant Technology's Days Inventory for the three months ended in Dec. 2023 was 88.97.

The historical rank and industry rank for United Radiant Technology's Days Inventory or its related term are showing as below:

ROCO:5315' s Days Inventory Range Over the Past 10 Years
Min: 44.33 Med: 74.87 Max: 109.52
Current: 109.52

During the past 13 years, United Radiant Technology's highest Days Inventory was 109.52. The lowest was 44.33. And the median was 74.87.

ROCO:5315's Days Inventory is ranked worse than
53.01% of 2405 companies
in the Hardware industry
Industry Median: 103.77 vs ROCO:5315: 109.52

United Radiant Technology's Days Inventory declined from Sep. 2022 (96.31) to Dec. 2023 (88.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. United Radiant Technology's Inventory Turnover for the three months ended in Dec. 2023 was 1.03.

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. United Radiant Technology's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.83.

United Radiant Technology Days Inventory Historical Data

The historical data trend for United Radiant Technology's Days Inventory 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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United Radiant Technology Days Inventory Chart

United Radiant Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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73.86

81.28

80.06

87.47

84.00

United Radiant Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															96.31	93.81	76.03	78.53	88.97

Competitive Comparison of United Radiant Technology's Days Inventory

For the Electronic Components subindustry, United Radiant Technology's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Radiant Technology's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, United Radiant Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where United Radiant Technology's Days Inventory falls into.

United Radiant Technology Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

United Radiant Technology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (375.079	+	222.166)	/	2 )	/	1297.57	*	365
=	298.6225					/	1297.57	*	365
=	84.00

United Radiant Technology's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (254.418	+	222.166)	/	2 )	/	244.387	*	365 / 4
=	238.292					/	244.387	*	365 / 4
=	88.97

United Radiant Technology (ROCO:5315) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

United Radiant Technology's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	244.387	/	238.292
	=	1.03

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.

United Radiant Technology's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	238.292	/	287.751
	=	0.83

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

United Radiant Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of United Radiant Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

United Radiant Technology (ROCO:5315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » United Radiant Technology Corp (ROCO:5315) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.12,Chien-Kuo Road, T.T.I.P., Tantzu District, Taichung, TWN, 42760

Website

https://www.urt.com.tw

United Radiant Technology Corp is a Taiwan-based company engaged in manufacturing, processing, and selling all kinds of liquid crystal displays (LCDs) and their modules. It is also involved in the contracting business of LED street lighting projects. Revenue from sales of goods is generated from sales of LCD modules and LCD products. n revenue comes from export sales, including sales to Europe and the Americas.

United Radiant Technology (ROCO:5315) Headlines

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