Tan De Tech Co (ROCO:6867) Days Inventory : 55.27 (As of Dec. 2023)

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What is Tan De Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tan De Tech Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$58.2 Mil. Tan De Tech Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$192.1 Mil. Hence, Tan De Tech Co's Days Inventory for the six months ended in Dec. 2023 was 55.27.

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

ROCO:6867' s Days Inventory Range Over the Past 10 Years
Min: 53.18 Med: 61.6 Max: 72.35
Current: 56.3

During the past 5 years, Tan De Tech Co's highest Days Inventory was 72.35. The lowest was 53.18. And the median was 61.60.

ROCO:6867's Days Inventory is ranked better than
71.85% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 81.84 vs ROCO:6867: 56.30

Tan De Tech Co's Days Inventory increased from Dec. 2022 (48.84) to Dec. 2023 (55.27). It might indicate that Tan De Tech Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tan De Tech Co's Inventory Turnover for the six months ended in Dec. 2023 was 3.30.

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. Tan De Tech Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.20.

Tan De Tech Co Days Inventory Historical Data

The historical data trend for Tan De Tech 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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Tan De Tech Co Days Inventory Chart

Tan De Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

72.35

64.60

61.60

53.18

53.43

Tan De Tech Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			67.76	65.12	48.84	60.75	55.27

Competitive Comparison of Tan De Tech Co's Days Inventory

For the Auto Parts subindustry, Tan De Tech 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.

Tan De Tech Co's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Tan De Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tan De Tech Co's Days Inventory falls into.

Tan De Tech Co Days Inventory Calculation

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

Tan De Tech 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
=	( (45.5	+	56.911)	/	2 )	/	349.794	*	365
=	51.2055					/	349.794	*	365
=	53.43

Tan De Tech 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
=	( (59.465	+	56.911)	/	2 )	/	192.134	*	365 / 2
=	58.188					/	192.134	*	365 / 2
=	55.27

Tan De Tech Co (ROCO:6867) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	192.134	/	58.188
	=	3.30

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	58.188	/	291.693
	=	0.20

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.

Tan De Tech Co Days Inventory Related Terms

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

Tan De Tech Co (ROCO:6867) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan De Tech Co Ltd (ROCO:6867) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Dougong 9th Road, Yunlin County, Douliu City, TWN, 64069

Website

http://www.tdtech.com.tw

Tan De Tech Co Ltd designs and manufactures vehicle parts. The firm produces car light guide plates, automotive LED headlights, light guide modules, LMT light distribution instruments, Side entry light guide, and signal lamp module.

Tan De Tech Co (ROCO:6867) Headlines

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