Yuen Chang Stainless Steel Co (TPE:2069) Days Inventory : 98.10 (As of Dec. 2023)

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What is Yuen Chang Stainless Steel Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Yuen Chang Stainless Steel Co's Average Total Inventories for the three months ended in Dec. 2023 was NT$2,836 Mil. Yuen Chang Stainless Steel Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$2,638 Mil. Hence, Yuen Chang Stainless Steel Co's Days Inventory for the three months ended in Dec. 2023 was 98.10.

The historical rank and industry rank for Yuen Chang Stainless Steel Co's Days Inventory or its related term are showing as below:

TPE:2069' s Days Inventory Range Over the Past 10 Years
Min: 61.93 Med: 77.97 Max: 99.61
Current: 95.88

During the past 13 years, Yuen Chang Stainless Steel Co's highest Days Inventory was 99.61. The lowest was 61.93. And the median was 77.97.

TPE:2069's Days Inventory is ranked worse than
56.79% of 574 companies
in the Steel industry
Industry Median: 85.7 vs TPE:2069: 95.88

Yuen Chang Stainless Steel Co's Days Inventory increased from Dec. 2022 (88.73) to Dec. 2023 (98.10). It might indicate that Yuen Chang Stainless Steel Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yuen Chang Stainless Steel Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.93.

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. Yuen Chang Stainless Steel Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.02.

Yuen Chang Stainless Steel Co Days Inventory Historical Data

The historical data trend for Yuen Chang Stainless Steel Co'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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Yuen Chang Stainless Steel Co Days Inventory Chart

Yuen Chang Stainless Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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80.80

95.34

91.39

99.61

85.14

Yuen Chang Stainless Steel Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															88.73	98.92	98.03	99.20	98.10

Competitive Comparison of Yuen Chang Stainless Steel Co's Days Inventory

For the Steel subindustry, Yuen Chang Stainless Steel Co'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.

Yuen Chang Stainless Steel Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yuen Chang Stainless Steel Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Yuen Chang Stainless Steel Co's Days Inventory falls into.

Yuen Chang Stainless Steel Co Days Inventory Calculation

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

Yuen Chang Stainless Steel Co'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
=	( (2819.849	+	2510.774)	/	2 )	/	11425.845	*	365
=	2665.3115					/	11425.845	*	365
=	85.14

Yuen Chang Stainless Steel Co'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
=	( (3160.719	+	2510.774)	/	2 )	/	2637.85	*	365 / 4
=	2835.7465					/	2637.85	*	365 / 4
=	98.10

Yuen Chang Stainless Steel Co (TPE:2069) 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.

Yuen Chang Stainless Steel Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2637.85	/	2835.7465
	=	0.93

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.

Yuen Chang Stainless Steel Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2835.7465	/	2773.399
	=	1.02

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.

Yuen Chang Stainless Steel Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Yuen Chang Stainless Steel Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Yuen Chang Stainless Steel Co (TPE:2069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yuen Chang Stainless Steel Co Ltd (TPE:2069) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235, Zhongzheng 4th Road, 13th Floor, ChianJin Chiu, Kaohsiung, TWN

Website

https://www.yuenchang.com.tw

Yuen Chang Stainless Steel Co Ltd is a Taiwan-based steel company. It is engaged in stainless steel shearing, splitting, surface treatment, processing and trading, and import & export of stainless steel products. The company's products include stainless steel coils, plates, sheets, and strips.

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