Joinsoon Electronics Manufacturing Co (ROCO:3322) Days Inventory : 68.68 (As of Sep. 2024)

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What is Joinsoon Electronics Manufacturing Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Joinsoon Electronics Manufacturing Co's Average Total Inventories for the three months ended in Sep. 2024 was NT$455 Mil. Joinsoon Electronics Manufacturing Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$605 Mil. Hence, Joinsoon Electronics Manufacturing Co's Days Inventory for the three months ended in Sep. 2024 was 68.68.

The historical rank and industry rank for Joinsoon Electronics Manufacturing Co's Days Inventory or its related term are showing as below:

ROCO:3322' s Days Inventory Range Over the Past 10 Years
Min: 41.69 Med: 51.1 Max: 76.06
Current: 67.1

During the past 13 years, Joinsoon Electronics Manufacturing Co's highest Days Inventory was 76.06. The lowest was 41.69. And the median was 51.10.

ROCO:3322's Days Inventory is ranked better than
69.3% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs ROCO:3322: 67.10

Joinsoon Electronics Manufacturing Co's Days Inventory increased from Sep. 2023 (46.87) to Sep. 2024 (68.68). It might indicate that Joinsoon Electronics Manufacturing Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Joinsoon Electronics Manufacturing Co's Inventory Turnover for the three months ended in Sep. 2024 was 1.33.

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. Joinsoon Electronics Manufacturing Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.65.

Joinsoon Electronics Manufacturing Co Days Inventory Historical Data

The historical data trend for Joinsoon Electronics Manufacturing 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.

* Premium members only.

Joinsoon Electronics Manufacturing Co Days Inventory Chart

Joinsoon Electronics Manufacturing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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44.12

53.10

50.70

76.06

74.21

Joinsoon Electronics Manufacturing Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															46.87	66.45	76.39	61.06	68.68

Competitive Comparison of Joinsoon Electronics Manufacturing Co's Days Inventory

For the Electronic Components subindustry, Joinsoon Electronics Manufacturing 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.

Joinsoon Electronics Manufacturing Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Joinsoon Electronics Manufacturing Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Joinsoon Electronics Manufacturing Co's Days Inventory falls into.

Joinsoon Electronics Manufacturing Co Days Inventory Calculation

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

Joinsoon Electronics Manufacturing 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
=	( (443.346	+	449.732)	/	2 )	/	2196.34	*	365
=	446.539					/	2196.34	*	365
=	74.21

Joinsoon Electronics Manufacturing Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (438.453	+	472.368)	/	2 )	/	605.069	*	365 / 4
=	455.4105					/	605.069	*	365 / 4
=	68.68

Joinsoon Electronics Manufacturing Co (ROCO:3322) 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.

Joinsoon Electronics Manufacturing Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	605.069	/	455.4105
	=	1.33

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.

Joinsoon Electronics Manufacturing Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	455.4105	/	697.904
	=	0.65

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.

Joinsoon Electronics Manufacturing Co Days Inventory Related Terms

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

Joinsoon Electronics Manufacturing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Joinsoon Electronics Manufacturing Co Ltd (ROCO:3322) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

19th Floor Number 79, Section 1, Xintai 5Th Road, Xizhi District, New Taipi City, TWN, 221

Website

https://www.jem.com.tw

Joinsoon Electronics Manufacturing Co Ltd manufactures and sells computer peripheral equipment and electronic components, The Company has three reporting departments: the connecting components segment, the electronics segment, and the high-speed internet segment. The company generates the majority of its revenue from the connecting components segment. It designs and manufactures signal cables, medical lead wires, connectors, computer peripheral antennas, and data storage devices.

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