Cathay Consolidated (TPE:1342) Days Inventory : 194.51 (As of Jun. 2024)

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What is Cathay Consolidated Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cathay Consolidated's Average Total Inventories for the three months ended in Jun. 2024 was NT$894 Mil. Cathay Consolidated's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$419 Mil. Hence, Cathay Consolidated's Days Inventory for the three months ended in Jun. 2024 was 194.51.

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

TPE:1342' s Days Inventory Range Over the Past 10 Years
Min: 148.96 Med: 167.83 Max: 193.89
Current: 180.95

During the past 8 years, Cathay Consolidated's highest Days Inventory was 193.89. The lowest was 148.96. And the median was 167.83.

TPE:1342's Days Inventory is ranked worse than
68.69% of 1006 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 127 vs TPE:1342: 180.95

Cathay Consolidated's Days Inventory increased from Jun. 2023 (180.34) to Jun. 2024 (194.51). It might indicate that Cathay Consolidated's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cathay Consolidated's Inventory Turnover for the three months ended in Jun. 2024 was 0.47.

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. Cathay Consolidated's Inventory-to-Revenue for the three months ended in Jun. 2024 was 1.44.

Cathay Consolidated Days Inventory Historical Data

The historical data trend for Cathay Consolidated'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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Cathay Consolidated Days Inventory Chart

Cathay Consolidated Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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167.03

152.96

148.96

153.91

168.62

Cathay Consolidated Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Inventory	Get a 7-Day Free Trial															180.34	168.75	180.25	182.20	194.51

Competitive Comparison of Cathay Consolidated's Days Inventory

For the Textile Manufacturing subindustry, Cathay Consolidated'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.

Cathay Consolidated's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Cathay Consolidated's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cathay Consolidated's Days Inventory falls into.

Cathay Consolidated Days Inventory Calculation

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

Cathay Consolidated'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
=	( (742.831	+	856.731)	/	2 )	/	1731.277	*	365
=	799.781					/	1731.277	*	365
=	168.62

Cathay Consolidated'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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (897.721	+	890.467)	/	2 )	/	419.434	*	365 / 4
=	894.094					/	419.434	*	365 / 4
=	194.51

Cathay Consolidated (TPE:1342) 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.

Cathay Consolidated's Inventory Turnover for the three months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	419.434	/	894.094
	=	0.47

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.

Cathay Consolidated's Inventory to Revenue for the three months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	894.094	/	619.922
	=	1.44

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.

Cathay Consolidated Days Inventory Related Terms

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

Cathay Consolidated Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cathay Consolidated Inc (TPE:1342) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6, Dexing 4th Road, Yilan County, Dongshan Shiang, TWN, 26950

Website

https://www.cathayconsolidated.com

Cathay Consolidated Inc is a Taiwan-based company engaged in the manufacturing of TPU film, air mattresses, covers, laminated fabrics, and bladders. Its revenue mainly comes from the production and sale of functional fabrics. It operates in Taiwan, Asia, the Americas, Others, and the majority of its revenue comes from Asia. The main product of the Company is TPU film, air mattress, cover, laminated fabrics and bladder. The company's products are used in Aviation, Marine, Medical, Outdoor, and Industrial.

Cathay Consolidated Headlines

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