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Texture Maker Enterprise Co (ROCO:6963) Days Inventory : 86.32 (As of Dec. 2023)


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What is Texture Maker Enterprise Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Texture Maker Enterprise Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$157.7 Mil. Texture Maker Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$333.4 Mil. Hence, Texture Maker Enterprise Co's Days Inventory for the six months ended in Dec. 2023 was 86.32.

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

ROCO:6963' s Days Inventory Range Over the Past 10 Years
Min: 63.51   Med: 79.21   Max: 90.06
Current: 90.06

During the past 4 years, Texture Maker Enterprise Co's highest Days Inventory was 90.06. The lowest was 63.51. And the median was 79.21.

ROCO:6963's Days Inventory is ranked worse than
53.76% of 1784 companies
in the Consumer Packaged Goods industry
Industry Median: 83.835 vs ROCO:6963: 90.06

Texture Maker Enterprise Co's Days Inventory declined from Dec. 2022 (90.01) to Dec. 2023 (86.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Texture Maker Enterprise Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.11.

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. Texture Maker Enterprise Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.38.


Texture Maker Enterprise Co Days Inventory Historical Data

The historical data trend for Texture Maker Enterprise 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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Texture Maker Enterprise Co Days Inventory Chart

Texture Maker Enterprise Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Inventory
- 63.51 79.21 86.30

Texture Maker Enterprise Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory - 68.81 90.01 97.89 86.32

Competitive Comparison of Texture Maker Enterprise Co's Days Inventory

For the Packaged Foods subindustry, Texture Maker Enterprise 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.


Texture Maker Enterprise Co's Days Inventory Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Texture Maker Enterprise Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Texture Maker Enterprise Co's Days Inventory falls into.



Texture Maker Enterprise Co Days Inventory Calculation

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

Texture Maker Enterprise 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
=( (163.988 + 142.277) / 2 ) / 647.628*365
=153.1325 / 647.628*365
=86.30

Texture Maker Enterprise 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
=( (173.112 + 142.277) / 2 ) / 333.391*365 / 2
=157.6945 / 333.391*365 / 2
=86.32

* 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.


Texture Maker Enterprise Co  (ROCO:6963) 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.

Texture Maker Enterprise 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.

Texture Maker Enterprise 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.


Texture Maker Enterprise Co Days Inventory Related Terms

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


Texture Maker Enterprise Co (ROCO:6963) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251
Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

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