Syong Shun Metal Co (ROCO:2073) Days Inventory : 2.64 (As of Mar. 2024)

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What is Syong Shun Metal Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Syong Shun Metal Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$3.3 Mil. Syong Shun Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$112.9 Mil. Hence, Syong Shun Metal Co's Days Inventory for the three months ended in Mar. 2024 was 2.64.

The historical rank and industry rank for Syong Shun Metal Co's Days Inventory or its related term are showing as below:

ROCO:2073' s Days Inventory Range Over the Past 10 Years
Min: 3.53 Med: 7.51 Max: 10.96
Current: 3.53

During the past 5 years, Syong Shun Metal Co's highest Days Inventory was 10.96. The lowest was 3.53. And the median was 7.51.

ROCO:2073's Days Inventory is ranked better than
99.47% of 571 companies
in the Steel industry
Industry Median: 88.7 vs ROCO:2073: 3.53

Syong Shun Metal Co's Days Inventory declined from Mar. 2023 (4.78) to Mar. 2024 (2.64).

Inventory Turnover measures how fast the company turns over its inventory within a year. Syong Shun Metal Co's Inventory Turnover for the three months ended in Mar. 2024 was 34.53.

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. Syong Shun Metal Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.02.

Syong Shun Metal Co Days Inventory Historical Data

The historical data trend for Syong Shun Metal Co's Days 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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Syong Shun Metal Co Days Inventory Chart

Syong Shun Metal Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

8.53

10.96

7.51

4.80

3.99

Syong Shun Metal Co Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial										4.78	4.46	3.85	3.36	2.64

Competitive Comparison of Syong Shun Metal Co's Days Inventory

For the Steel subindustry, Syong Shun Metal Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Syong Shun Metal Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Syong Shun Metal Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Syong Shun Metal Co's Days Inventory falls into.

Syong Shun Metal Co Days Inventory Calculation

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

Syong Shun Metal Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5.074	+	4.388)	/	2 )	/	433.148	*	365
=	4.731					/	433.148	*	365
=	3.99

Syong Shun Metal Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.388	+	2.149)	/	2 )	/	112.872	*	365 / 4
=	3.2685					/	112.872	*	365 / 4
=	2.64

Syong Shun Metal Co (ROCO:2073) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Syong Shun Metal Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	112.872	/	3.2685
	=	34.53

2. 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.

Syong Shun Metal Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.2685	/	140.446
	=	0.02

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Syong Shun Metal Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Syong Shun Metal Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Syong Shun Metal Co (ROCO:2073) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Syong Shun Metal Co Ltd (ROCO:2073) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 393, Shun'an Road, Luzhu District, Kaohsiung City, TWN, 821010

Website

http://www.ssmc.com.tw

Syong Shun Metal Co Ltd is a processing plant for Panyuan wire rods. It is a midstream manufacturing plant in the steel product industry chain. These wire rods are used for screws and nuts, steel wire and steel cables, hand tools, automobiles.

Syong Shun Metal Co (ROCO:2073) Headlines

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