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FitTech Co (TPE:6706) Change In Inventory : NT$313 Mil (TTM As of Mar. 2024)


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What is FitTech Co Change In Inventory?

FitTech Co's change in inventory for the quarter that ended in Mar. 2024 was NT$-15 Mil. It means FitTech Co's inventory increased by NT$15 Mil from Dec. 2023 to Mar. 2024 .

FitTech Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$425 Mil. It means FitTech Co's inventory declined by NT$425 Mil from Dec. 2022 to Dec. 2023 .

FitTech Co's Total Inventories for the quarter that ended in Mar. 2024 was NT$943 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FitTech Co's Days Inventory for the quarter that ended in Mar. 2024 was 583.57.

Inventory Turnover measures how fast the company turns over its inventory within a year. FitTech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.16.

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. FitTech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 5.26.


FitTech Co Change In Inventory Historical Data

The historical data trend for FitTech 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.

* Premium members only.

FitTech Co Change In Inventory Chart

FitTech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 468.28 -279.44 -1,250.92 744.33 425.06

FitTech 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 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 97.42 182.92 86.72 58.00 -14.80

FitTech 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$313 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.


FitTech Co  (TPE:6706) Change In Inventory Explanation

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

FitTech 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
=946.0215/147.926*365 / 4
=583.57

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

FitTech Co's Inventory Turnover for the quarter that ended in Mar. 2024 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.

FitTech Co's Inventory to Revenue for the quarter that ended in Mar. 2024 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.


FitTech Co Change In Inventory Related Terms

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FitTech Co (TPE:6706) Business Description

Traded in Other Exchanges
N/A
Address
No. 3, Gongyequ 35th Road, 1st Floor, Hsinchu Industrial Park, Xitun District, Taichung, TWN, 407
FitTech Co Ltd is a Taiwan based company mainly engaged in the development of optoelectronics like LED wafer spot measuring and laser integrated application systems. Products offered by the company include LED test system, laser micro processing system, laser metal processing system, semi-automatic laser cutting system, handheld laser welding machine, among others. The company products are used in optoelectronics and optics-related industries, electronic components, semiconductor, automotive, and manufacturing related industries. It also offers after sales services. It has a market presence in China, Japan, South Korea, and Malaysia.

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