Wave Power Technology (ROCO:6895) Days Inventory : 348.20 (As of Mar. 2024)

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What is Wave Power Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wave Power Technology's Average Total Inventories for the three months ended in Mar. 2024 was NT$155.7 Mil. Wave Power Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$40.8 Mil. Hence, Wave Power Technology's Days Inventory for the three months ended in Mar. 2024 was 348.20.

The historical rank and industry rank for Wave Power Technology's Days Inventory or its related term are showing as below:

ROCO:6895' s Days Inventory Range Over the Past 10 Years
Min: 129.59 Med: 143.66 Max: 404.65
Current: 404.65

During the past 5 years, Wave Power Technology's highest Days Inventory was 404.65. The lowest was 129.59. And the median was 143.66.

ROCO:6895's Days Inventory is ranked worse than
94.58% of 2896 companies
in the Industrial Products industry
Industry Median: 121.57 vs ROCO:6895: 404.65

Wave Power Technology's Days Inventory increased from Dec. 2022 (215.73) to Mar. 2024 (348.20). It might indicate that Wave Power Technology'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. Wave Power Technology's Inventory Turnover for the three months ended in Mar. 2024 was 0.26.

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. Wave Power Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 2.18.

Wave Power Technology Days Inventory Historical Data

The historical data trend for Wave Power Technology'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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Wave Power Technology Days Inventory Chart

Wave Power Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

155.41

129.59

131.91

178.59

Wave Power Technology Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Inventory	Get a 7-Day Free Trial							215.73	245.62	280.36	303.89	348.20

Competitive Comparison of Wave Power Technology's Days Inventory

For the Electrical Equipment & Parts subindustry, Wave Power Technology'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.

Wave Power Technology's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Wave Power Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wave Power Technology's Days Inventory falls into.

Wave Power Technology Days Inventory Calculation

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

Wave Power Technology's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (60.034	+	142.696)	/	2 )	/	207.164	*	365
=	101.365					/	207.164	*	365
=	178.59

Wave Power Technology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (163.864	+	147.54)	/	2 )	/	40.804	*	365 / 4
=	155.702					/	40.804	*	365 / 4
=	348.20

Wave Power Technology (ROCO:6895) 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.

Wave Power Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	40.804	/	155.702
	=	0.26

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.

Wave Power Technology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	155.702	/	71.473
	=	2.18

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.

Wave Power Technology Days Inventory Related Terms

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

Wave Power Technology (ROCO:6895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Wave Power Technology Inc (ROCO:6895) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.31, Lane 598, Zhongzheng Road, Miaoli County, Toufen City, TWN, 35151

Website

https://www.wavepower.com.tw

Wave Power Technology Inc manufactures and distributes electrical power equipment. Its products are based on proprietary 4-H technology associated with high power, frequency, voltage, and vacuum. Its product portfolio comprises of Microwave Generator, Industrial Magnetron, Variable Capacitor, Feedthrough, Vacuum View Port, High-voltage Break-off Section, Magnet, Heater, and Hermetic Sealing.

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