United Renewable Energy Co (TPE:3576) Change In Inventory : NT$909 Mil (TTM As of Mar. 2024)

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What is United Renewable Energy Co Change In Inventory?

United Renewable Energy Co's change in inventory for the quarter that ended in Mar. 2024 was NT$276 Mil. It means United Renewable Energy Co's inventory declined by NT$276 Mil from Dec. 2023 to Mar. 2024 .

United Renewable Energy Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$1,066 Mil. It means United Renewable Energy Co's inventory declined by NT$1,066 Mil from Dec. 2022 to Dec. 2023 .

United Renewable Energy Co's Total Inventories for the quarter that ended in Mar. 2024 was NT$1,461 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Renewable Energy Co's Days Inventory for the quarter that ended in Mar. 2024 was 91.95.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Renewable Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

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 Renewable Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

United Renewable Energy Co Change In Inventory Historical Data

The historical data trend for United Renewable Energy Co'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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United Renewable Energy Co Change In Inventory Chart

United Renewable Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-376.62

801.05

739.09

-1,954.72

1,065.69

United Renewable Energy Co 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															431.88	494.12	311.40	-171.72	275.60

United Renewable Energy Co 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$909 Mil.

United Renewable Energy Co (TPE:3576) Change In Inventory Explanation

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

United Renewable Energy Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1570.2535	/	1558.367	*	365 / 4
	=	91.95

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

United Renewable Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1558.367	/	1570.2535
	=	0.99

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.

United Renewable Energy Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1570.2535	/	1490.814
	=	1.05

United Renewable Energy Co Change In Inventory Related Terms

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United Renewable Energy Co (TPE:3576) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Renewable Energy Co Ltd (TPE:3576) » Definitions » Change In Inventory

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Address

No. 7, Lixing 3rd Road, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

https://www.urecorp.com

United Renewable Energy Co Ltd manufactures solar cells and modules. The company's solar cell offerings provide specified reverse current, shunt resistance, minimum power loss rate, low breakage rates, and several other benefits. Its modules are built to meet various international certifications, in addition to many different conditions. Bifacial solar cell products are built to take advantage of both vertical and horizontal installations and can be utilized in adverse environments. The company produces other lines of solar cell products that can take advantage of more residential or commercial applications and deliver customized solutions.

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