Tong Ming Enterprise Co (TPE:5538) Change In Inventory: NT$-423 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:5538 Tong Ming Enterprise Co Ltd TPE:5538
81 GF Score
Price NT$37.30
GF Value NT$30.69
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Tong Ming Enterprise Co Change In Inventory?

Tong Ming Enterprise Co TPE:5538 +5.82% 81 Change In Inventory is NT$-423 Mil as of Mar. 2026. GuruFocus rates TPE:5538 with a GF Score™ of 81/100 and a GF Value™ of NT$30.69 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Tong Ming Enterprise Co's change in inventory for the quarter that ended in Mar. 2026 was NT$-154 Mil. It means Tong Ming Enterprise Co's inventory increased by NT$154 Mil from Dec. 2025 to Mar. 2026 .

Tong Ming Enterprise Co's change in inventory for the fiscal year that ended in Dec. 2025 was NT$-98 Mil. It means Tong Ming Enterprise Co's inventory increased by NT$98 Mil from Dec. 2024 to Dec. 2025 .

Tong Ming Enterprise Co's Total Inventories for the quarter that ended in Mar. 2026 was NT$5,183 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tong Ming Enterprise Co's Days Inventory for the quarter that ended in Mar. 2026 was 176.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tong Ming Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.52.

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. Tong Ming Enterprise Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 1.61.


Tong Ming Enterprise Co  (TPE:5538) Change In Inventory Explanation

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

Tong Ming Enterprise 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
=5099.3405/2642.854*365 / 4
=176.07

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

Tong Ming Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

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.

Tong Ming Enterprise Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

* 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.


Tong Ming Enterprise Co Change In Inventory Related Terms


Tong Ming Enterprise Co Change In Inventory Historical Data

* Premium members only.

The historical data trend for Tong Ming Enterprise 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.

Tong Ming Enterprise Co Change In Inventory Chart

Tong Ming Enterprise Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,610.02 -980.51 967.37 -312.34 -97.65

Tong Ming Enterprise Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 171.38 417.61 -397.25 -289.38 -154.35
TPE:5538
81GF Score
Tong Ming Enterprise Co Ltd TPE:5538
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tong Ming Enterprise 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. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-423 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of NT$-423 Mil mean?
Tong Ming Enterprise Co (TPE:5538) has a Change In Inventory of NT$-423 Mil as of Mar. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Tong Ming Enterprise Co and its competitors.
Is Tong Ming Enterprise Co's Change In Inventory too high?
Tong Ming Enterprise Co's current Change In Inventory is NT$-423 Mil. Overall, Tong Ming Enterprise Co has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Ming Enterprise Co's Change In Inventory compare to NUE and STLD?
Tong Ming Enterprise Co's Change In Inventory of NT$-423 Mil can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Steel company?
A good Change In Inventory depends on the Steel industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Tong Ming Enterprise Co and its competitors. Tong Ming Enterprise Co's current Change In Inventory is NT$-423 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Ming Enterprise Co stock overvalued right now?
Based on GuruFocus' analysis, Tong Ming Enterprise Co (TPE:5538) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$30.69, compared to a current price of NT$37.30 — trading 21.5% above its estimated fair value. The current Change In Inventory is NT$-423 Mil. Tong Ming Enterprise Co's overall GF Score™ is 81/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Tong Ming Enterprise Co (TPE:5538), the current Change In Inventory is NT$-423 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Tong Ming Enterprise Co (TPE:5538) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Ming Enterprise Co stock appears to be overvalued. The current stock price of NT$37.30 is trading 21.5% above its estimated GF Value™ of NT$30.69. GuruFocus considers Tong Ming Enterprise Co to be Modestly Overvalued.

Key valuation signals for TPE:5538:

  • Change In Inventory: NT$-423 Mil
  • GF Value™: NT$30.69 vs. price of NT$37.30 (21.5% above fair value)
  • GF Score™: 81/100 with 4 warning signs

No single metric tells the full story. See the TPE:5538 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tong Ming Enterprise Co Business Description

Address No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003
Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. The company derives the maximum revenue from Fasteners products. Geographically, the company operates in China. The company serves industries such as curtain wall, high-speed railways, communication, new energy, shipbuilding, animal husbandry, and foreign engineering projects. It derives maximum revenue from Fasteners followed by Wire, Strategic products, and others.
81GF Score

Get the complete analysis for TPE:5538

Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$37.30
Price
NT$30.69
GF Value