Tong Ming Enterprise Co (TPE:5538) Change In Inventory : NT$1,050 Mil (TTM As of Mar. 2024)

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What is Tong Ming Enterprise Co Change In Inventory?

Tong Ming Enterprise Co's change in inventory for the quarter that ended in Mar. 2024 was NT$-12 Mil. It means Tong Ming Enterprise Co's inventory increased by NT$12 Mil from Dec. 2023 to Mar. 2024 .

Tong Ming Enterprise Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$967 Mil. It means Tong Ming Enterprise Co's inventory declined by NT$967 Mil from Dec. 2022 to Dec. 2023 .

Tong Ming Enterprise Co's Total Inventories for the quarter that ended in Mar. 2024 was NT$4,574 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. 2024 was 182.87.

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. 2024 was 0.50.

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. 2024 was 1.75.

Tong Ming Enterprise Co Change In Inventory Historical Data

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.

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Tong Ming Enterprise Co Change In Inventory Chart

Tong Ming Enterprise Co Annual Data

Trend

Dec14

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Dec19

Dec20

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Dec22

Dec23

Change In Inventory

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212.49

-360.84

-1,610.02

-980.51

967.37

Tong Ming Enterprise 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															-94.42	752.23	129.39	180.17	-12.17

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. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1,050 Mil.

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
	=	4499.0025	/	2245.003	*	365 / 4
	=	182.87

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. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2245.003	/	4499.0025
	=	0.50

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. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4499.0025	/	2573.386
	=	1.75

Tong Ming Enterprise Co Change In Inventory Related Terms

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Tong Ming Enterprise Co (TPE:5538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tong Ming Enterprise Co Ltd (TPE:5538) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003

Website

http://www.the.com.cn

Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

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