Tsky Co (ROCO:6784) Days Inventory : 36.24 (As of Dec. 2023)

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What is Tsky Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tsky Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$23.6 Mil. Tsky Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$118.9 Mil. Hence, Tsky Co's Days Inventory for the six months ended in Dec. 2023 was 36.24.

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

ROCO:6784' s Days Inventory Range Over the Past 10 Years
Min: 32.55 Med: 114.9 Max: 137.74
Current: 37.95

During the past 7 years, Tsky Co's highest Days Inventory was 137.74. The lowest was 32.55. And the median was 114.90.

ROCO:6784's Days Inventory is ranked better than
89.05% of 2411 companies
in the Hardware industry
Industry Median: 101.84 vs ROCO:6784: 37.95

Tsky Co's Days Inventory increased from Dec. 2022 (24.16) to Dec. 2023 (36.24). It might indicate that Tsky Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsky Co's Inventory Turnover for the six months ended in Dec. 2023 was 5.04.

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. Tsky Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.16.

Tsky Co Days Inventory Historical Data

The historical data trend for Tsky 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.

Tsky Co Days Inventory Chart

Tsky Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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114.90

115.69

68.70

32.55

37.00

Tsky Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial							72.78	59.86	24.16	40.97	36.24

Competitive Comparison of Tsky Co's Days Inventory

For the Consumer Electronics subindustry, Tsky 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.

Tsky Co's Days Inventory Distribution in the Hardware Industry

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

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

Tsky Co Days Inventory Calculation

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

Tsky 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
=	( (21.786	+	23.062)	/	2 )	/	221.215	*	365
=	22.424					/	221.215	*	365
=	37.00

Tsky Co'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
=	( (24.156	+	23.062)	/	2 )	/	118.892	*	365 / 2
=	23.609					/	118.892	*	365 / 2
=	36.24

Tsky Co (ROCO:6784) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	118.892	/	23.609
	=	5.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23.609	/	150.53
	=	0.16

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.

Tsky Co Days Inventory Related Terms

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

Tsky Co (ROCO:6784) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsky Co Ltd (ROCO:6784) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Floor-2, No.8, Ziqiang S. Road, Hsinchu County 302, Zhubei, TWN

Website

http://www.tsky.com.tw

Tsky Co Ltd is engaged in manufacturing of several wearable products. It offers GPS watches, GPS bands, and wearable devices used for golf, running and cycling. It also provides antenna including Wi-Fi, 3G, 4G and RF connectors among others.

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