Space Shuttle Hi-Tech Co (TPE:2440) Days Inventory : 23.86 (As of Dec. 2024)

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What is Space Shuttle Hi-Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Space Shuttle Hi-Tech Co's Average Total Inventories for the three months ended in Dec. 2024 was NT$281 Mil. Space Shuttle Hi-Tech Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$1,073 Mil. Hence, Space Shuttle Hi-Tech Co's Days Inventory for the three months ended in Dec. 2024 was 23.86.

The historical rank and industry rank for Space Shuttle Hi-Tech Co's Days Inventory or its related term are showing as below:

TPE:2440' s Days Inventory Range Over the Past 10 Years
Min: 21.44 Med: 32.6 Max: 40
Current: 23.31

During the past 13 years, Space Shuttle Hi-Tech Co's highest Days Inventory was 40.00. The lowest was 21.44. And the median was 32.60.

TPE:2440's Days Inventory is ranked better than
96.37% of 2921 companies
in the Industrial Products industry
Industry Median: 121.49 vs TPE:2440: 23.31

Space Shuttle Hi-Tech Co's Days Inventory increased from Dec. 2023 (21.67) to Dec. 2024 (23.86). It might indicate that Space Shuttle Hi-Tech Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Space Shuttle Hi-Tech Co's Inventory Turnover for the three months ended in Dec. 2024 was 3.82.

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. Space Shuttle Hi-Tech Co's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.25.

Space Shuttle Hi-Tech Co Days Inventory Historical Data

The historical data trend for Space Shuttle Hi-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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Space Shuttle Hi-Tech Co Days Inventory Chart

Space Shuttle Hi-Tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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27.62

26.51

37.00

27.53

21.44

Space Shuttle Hi-Tech Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															21.67	25.22	20.41	26.38	23.86

Competitive Comparison of Space Shuttle Hi-Tech Co's Days Inventory

For the Electrical Equipment & Parts subindustry, Space Shuttle Hi-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.

Space Shuttle Hi-Tech Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Space Shuttle Hi-Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Space Shuttle Hi-Tech Co's Days Inventory falls into.

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Space Shuttle Hi-Tech Co Days Inventory Calculation

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

Space Shuttle Hi-Tech Co's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (186.007	+	264.957)	/	2 )	/	3838.956	*	365
=	225.482					/	3838.956	*	365
=	21.44

Space Shuttle Hi-Tech Co's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (296.258	+	264.957)	/	2 )	/	1073.006	*	365 / 4
=	280.6075					/	1073.006	*	365 / 4
=	23.86

Space Shuttle Hi-Tech Co (TPE:2440) 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.

Space Shuttle Hi-Tech Co's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1073.006	/	280.6075
	=	3.82

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.

Space Shuttle Hi-Tech Co's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	280.6075	/	1117.853
	=	0.25

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.

Space Shuttle Hi-Tech Co Days Inventory Related Terms

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

Space Shuttle Hi-Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Space Shuttle Hi-Tech Co Ltd (TPE:2440) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th floor-2, Number 23, Huanke 1ST Road, Zhubei City, Hsin-chu Hsien, TWN

Website

http://www.spaces.com.tw/en

Space Shuttle Hi-Tech Co Ltd is engaged in the reprocessing of copper and the manufacturing and sales of information transmission cables. The company generates the majority of its revenues from the re-processing and re-manufacturing of various copper materials, the production and sales of information transmission wires, and the manufacturing and sales of related products. The company mainly operates in Asia, hence all the revenues come from Asia itself.

Space Shuttle Hi-Tech Co Headlines

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