Ushine Photonics (ROCO:3678) Days Inventory : 174.97 (As of Dec. 2023)

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What is Ushine Photonics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ushine Photonics's Average Total Inventories for the six months ended in Dec. 2023 was NT$68.9 Mil. Ushine Photonics's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$71.9 Mil. Hence, Ushine Photonics's Days Inventory for the six months ended in Dec. 2023 was 174.97.

The historical rank and industry rank for Ushine Photonics's Days Inventory or its related term are showing as below:

ROCO:3678' s Days Inventory Range Over the Past 10 Years
Min: 109.91 Med: 173.74 Max: 196.16
Current: 182.45

During the past 13 years, Ushine Photonics's highest Days Inventory was 196.16. The lowest was 109.91. And the median was 173.74.

ROCO:3678's Days Inventory is ranked worse than
87.01% of 1493 companies
in the Chemicals industry
Industry Median: 82.59 vs ROCO:3678: 182.45

Ushine Photonics's Days Inventory increased from Dec. 2022 (110.07) to Dec. 2023 (174.97). It might indicate that Ushine Photonics's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ushine Photonics's Inventory Turnover for the six months ended in Dec. 2023 was 1.04.

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. Ushine Photonics's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.69.

Ushine Photonics Days Inventory Historical Data

The historical data trend for Ushine Photonics'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.

Ushine Photonics Days Inventory Chart

Ushine Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

164.59

191.02

127.09

109.91

193.03

Ushine Photonics Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															111.63	112.10	110.07	179.10	174.97

Competitive Comparison of Ushine Photonics's Days Inventory

For the Chemicals subindustry, Ushine Photonics'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.

Ushine Photonics's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ushine Photonics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ushine Photonics's Days Inventory falls into.

Ushine Photonics Days Inventory Calculation

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

Ushine Photonics'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
=	( (92.102	+	70.058)	/	2 )	/	153.314	*	365
=	81.08					/	153.314	*	365
=	193.03

Ushine Photonics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (67.75	+	70.058)	/	2 )	/	71.871	*	365 / 2
=	68.904					/	71.871	*	365 / 2
=	174.97

Ushine Photonics (ROCO:3678) 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.

Ushine Photonics's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	71.871	/	68.904
	=	1.04

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.

Ushine Photonics's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	68.904	/	99.923
	=	0.69

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.

Ushine Photonics Days Inventory Related Terms

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

Ushine Photonics (ROCO:3678) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ushine Photonics Corp (ROCO:3678) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 199, Section 3, Huanbei Road, Hsinchu, Chupei City, TWN, 302

Website

http://www.ushine.com.tw

Ushine Photonics Corp produces indium tin oxide film products for the touch panel and display industries. Its products include ITO-films for resistive touch panels, Low resistivity TCO-films, Optical Clear Adhesives, and Anti-static protective film. It is specialized in material analysis, roll-to-roll vacuum coater design, and reactive sputtering process.

Ushine Photonics (ROCO:3678) Headlines

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