Days Inventory is also known as Days Sales of Inventory (DSI). Solid Year Co's Average Total Inventories for the
six
months ended in Dec. 2023 was NT$638 Mil. Solid Year Co's Cost of Goods Sold for the
six
months ended in Dec. 2023 was NT$1,388 Mil.
Hence, Solid Year Co's Days Inventory for the
six
months ended in Dec. 2023 was 83.86.
The historical rank and industry rank for Solid Year Co's Days Inventory or its related term are showing as below:
ROCO:6737'
s Days Inventory Range Over the Past 10 Years
Min: 42.15 Med: 68.93 Max: 105.74
Current: 97.28
During the past 8 years, Solid Year Co's highest Days Inventory was 105.74. The lowest was 42.15. And the median was 68.93.
ROCO:6737's Days Inventory is ranked better than 53.13% of 2409
companies
in the Hardware industry
Industry Median: 101.86
vs ROCO:6737: 97.28
Solid Year Co's Days Inventory
declined
from Dec. 2022 (90.72) to Dec. 2023 (83.86).
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.
Solid Year Co's Inventory Turnover for the
six
months ended in Dec. 2023 was 2.18.
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.
Solid Year Co's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.35.
Solid Year Co Days Inventory Historical Data
The historical data trend for Solid Year 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.
Competitive Comparison of Solid Year Co's Days Inventory
For the Computer Hardware subindustry, Solid Year 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.
Solid Year Co's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Solid Year Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Solid Year Co's Days Inventory falls into.
Solid Year Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Solid Year Co's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Solid Year Co (ROCO:6737) 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.
Solid Year Co's Inventory Turnover for the
six
months ended in Dec. 2023 is calculated as
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.
Solid Year Co's Inventory to Revenue for the
six
months ended in Dec. 2023 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.
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.
Solid Year Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Solid Year Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Solid Year Co Ltd is engaged in producing single-shot and double-shot plastic injection finished products from mold manufacturers specializing in mold design and manufacturing. The company's products are computer keyboard, USB network camera, USB network camera module, driving recorder, hunting machine, projector, gamepad, automotive electronics, in-car multimedia audio and video system, smart rear-view mirror, head-up display, iPhone Computer electronic peripheral products such as Car Box, infant network surveillance camera, among others.
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