The historical rank and industry rank for Tung Ho Steel Enterprise's Days Inventory or its related term are showing as below:
TPE:2006'
s Days Inventory Range Over the Past 10 Years
Min: 89.14 Med: 119.7 Max: 138.61
Current: 131.06
During the past 13 years, Tung Ho Steel Enterprise's highest Days Inventory was 138.61. The lowest was 89.14. And the median was 119.70.
TPE:2006's Days Inventory is ranked worse than 74% of 573
companies
in the Steel industry
Industry Median: 86.42
vs TPE:2006: 131.06
Tung Ho Steel Enterprise's Days Inventory
declined
from Mar. 2023 (149.80) to Mar. 2024 (141.27).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tung Ho Steel Enterprise's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.65.
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.
Tung Ho Steel Enterprise's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.34.
Tung Ho Steel Enterprise Days Inventory Historical Data
* 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.
Competitive Comparison of Tung Ho Steel Enterprise's Days Inventory
For the Steel subindustry, Tung Ho Steel Enterprise'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.
Tung Ho Steel Enterprise's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's Days Inventory falls into.
Tung Ho Steel Enterprise Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tung Ho Steel Enterprise's Days Inventory for the fiscal year that 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.
Tung Ho Steel Enterprise (TPE:2006) 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.
Tung Ho Steel Enterprise's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Tung Ho Steel Enterprise's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Tung Ho Steel Enterprise Days Inventory Related Terms
Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tung Ho Steel Enterprise (TPE:2006) Business Description
Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.
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