Spine Asia Co (ROCO:6758) Days Inventory : 674.36 (As of Jun. 2024)

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What is Spine Asia Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Spine Asia Co's Average Total Inventories for the six months ended in Jun. 2024 was NT$183.3 Mil. Spine Asia Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$49.6 Mil. Hence, Spine Asia Co's Days Inventory for the six months ended in Jun. 2024 was 674.36.

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

ROCO:6758' s Days Inventory Range Over the Past 10 Years
Min: 461.11 Med: 632.39 Max: 877.5
Current: 683.68

During the past 8 years, Spine Asia Co's highest Days Inventory was 877.50. The lowest was 461.11. And the median was 632.39.

ROCO:6758's Days Inventory is ranked worse than
93.22% of 782 companies
in the Medical Devices & Instruments industry
Industry Median: 187.04 vs ROCO:6758: 683.68

Spine Asia Co's Days Inventory increased from Jun. 2023 (655.67) to Jun. 2024 (674.36). It might indicate that Spine Asia Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Spine Asia Co's Inventory Turnover for the six months ended in Jun. 2024 was 0.27.

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. Spine Asia Co's Inventory-to-Revenue for the six months ended in Jun. 2024 was 0.93.

Spine Asia Co Days Inventory Historical Data

The historical data trend for Spine Asia 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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Spine Asia Co Days Inventory Chart

Spine Asia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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581.48

786.71

877.50

725.73

662.26

Spine Asia Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial										776.84	690.71	655.67	691.80	674.36

Competitive Comparison of Spine Asia Co's Days Inventory

For the Medical Devices subindustry, Spine Asia 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.

Spine Asia Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Spine Asia Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Spine Asia Co's Days Inventory falls into.

Spine Asia Co Days Inventory Calculation

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

Spine Asia 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
=	( (175.932	+	183.392)	/	2 )	/	99.019	*	365
=	179.662					/	99.019	*	365
=	662.26

Spine Asia Co's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (183.392	+	183.269)	/	2 )	/	49.614	*	365 / 2
=	183.3305					/	49.614	*	365 / 2
=	674.36

Spine Asia Co (ROCO:6758) 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.

Spine Asia Co's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	49.614	/	183.3305
	=	0.27

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.

Spine Asia Co's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	183.3305	/	197.368
	=	0.93

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.

Spine Asia Co Days Inventory Related Terms

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

Spine Asia Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Spine Asia Co Ltd (ROCO:6758) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chenggong Road, Yonghe District, 20th Floor, No. 80, Section 1, New Taipei, TWN

Website

http://www.aspine.com.tw

Spine Asia Co Ltd is a medical device company. It is engaged in research, development, manufacturing and marketing of spinal, implants and instruments. The company offers products such as vigor lumbar peek cage, remond polymer cervical cage, combo cervical disc cage.

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