Welltend Technology (TPE:3021) Total Inventories

: NT$594 Mil (As of Dec. 2023)

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Welltend Technology's total inventories for the quarter that ended in Dec. 2023 was NT$594 Mil. Welltend Technology's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was NT$616 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Welltend Technology's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$4.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Welltend Technology's Days Inventory for the three months ended in Dec. 2023 was 89.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Welltend Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

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. Welltend Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

Welltend Technology Total Inventories Historical Data

The historical data trend for Welltend Technology's Total Inventories 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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Welltend Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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547.78

723.13

876.59

779.21

594.25

Welltend Technology Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															786.86	779.21	650.70	638.12	594.25

Welltend Technology Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Welltend Technology (TPE:3021) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Welltend Technology's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(864.209	+	0.75 * 836.378	+	0.5 * 594.251	-	1399.898
-	0	-	0.202)	/	95.89
=	4.05

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

Welltend Technology's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	616.185	/	629.652	*	365 / 4
	=	89.30

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

Welltend Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	629.652	/	616.185
	=	1.02

4. 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.

Welltend Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	616.185	/	785.582
	=	0.78

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Welltend Technology Total Inventories Related Terms

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Welltend Technology (TPE:3021) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Welltend Technology Corp (TPE:3021) » Definitions » Total Inventories

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Address

6F, No.59, Dongxing Road, Taipei, TWN

Website

https://www.welltend.com.tw

Welltend Technology Corp is mainly engaged in the research and development, production and sales of computers, home appliances, automobiles, business-related parts, and components. The Group is divided into two operating segments: Information Service Department and the Wire & Connectors Department. The main business of the Information Service Department is the integrated planning and implementation of information systems and consulting services. The main business of the Wire & Connectors Department is the production and sale of computer peripherals, smart home appliances, communication equipment, and game consoles.

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