Airtac International Group (TPE:1590) Change In Inventory : NT$476 Mil (TTM As of Mar. 2024)

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What is Airtac International Group Change In Inventory?

Airtac International Group's change in inventory for the quarter that ended in Mar. 2024 was NT$-47 Mil. It means Airtac International Group's inventory increased by NT$47 Mil from Dec. 2023 to Mar. 2024 .

Airtac International Group's change in inventory for the fiscal year that ended in Dec. 2023 was NT$597 Mil. It means Airtac International Group's inventory declined by NT$597 Mil from Dec. 2022 to Dec. 2023 .

Airtac International Group's Total Inventories for the quarter that ended in Mar. 2024 was NT$6,689 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Airtac International Group's Days Inventory for the quarter that ended in Mar. 2024 was 158.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Airtac International Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

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. Airtac International Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.92.

Airtac International Group Change In Inventory Historical Data

The historical data trend for Airtac International Group's Change In 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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Airtac International Group Change In Inventory Chart

Airtac International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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748.72

-491.81

-1,735.28

-1,874.67

597.00

Airtac International Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															73.93	416.97	186.72	-80.62	-46.64

Airtac International Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$476 Mil.

Airtac International Group (TPE:1590) Change In Inventory Explanation

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

Airtac International Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6608.6965	/	3810.294	*	365 / 4
	=	158.27

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

Airtac International Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3810.294	/	6608.6965
	=	0.58

3. 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.

Airtac International Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6608.6965	/	7205.592
	=	0.92

Airtac International Group Change In Inventory Related Terms

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Airtac International Group (TPE:1590) Business Description

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Address

No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148

Website

https://global.airtac.com

Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

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