Wah Lee Industrial (TPE:3010) Days Inventory : 27.57 (As of Dec. 2023)

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What is Wah Lee Industrial Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Wah Lee Industrial's Average Total Inventories for the three months ended in Dec. 2023 was NT$4,787 Mil. Wah Lee Industrial's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$15,844 Mil. Hence, Wah Lee Industrial's Days Inventory for the three months ended in Dec. 2023 was 27.57.

The historical rank and industry rank for Wah Lee Industrial's Days Inventory or its related term are showing as below:

TPE:3010' s Days Inventory Range Over the Past 10 Years
Min: 26.81 Med: 32.87 Max: 38.17
Current: 32.5

During the past 13 years, Wah Lee Industrial's highest Days Inventory was 38.17. The lowest was 26.81. And the median was 32.87.

TPE:3010's Days Inventory is ranked better than
92.06% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs TPE:3010: 32.50

Wah Lee Industrial's Days Inventory declined from Dec. 2022 (37.31) to Dec. 2023 (27.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Wah Lee Industrial's Inventory Turnover for the three months ended in Dec. 2023 was 3.31.

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. Wah Lee Industrial's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.28.

Wah Lee Industrial Days Inventory Historical Data

The historical data trend for Wah Lee Industrial'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.

* Premium members only.

Wah Lee Industrial Days Inventory Chart

Wah Lee Industrial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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32.34

27.65

26.81

31.19

33.14

Wah Lee Industrial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															37.31	42.62	35.07	26.55	27.57

Competitive Comparison of Wah Lee Industrial's Days Inventory

For the Electronics & Computer Distribution subindustry, Wah Lee Industrial'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.

Wah Lee Industrial's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Wah Lee Industrial's Days Inventory distribution charts can be found below:

* The bar in red indicates where Wah Lee Industrial's Days Inventory falls into.

Wah Lee Industrial Days Inventory Calculation

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

Wah Lee Industrial'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
=	( (6428.237	+	4695.049)	/	2 )	/	61256.065	*	365
=	5561.643					/	61256.065	*	365
=	33.14

Wah Lee Industrial'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4879.309	+	4695.049)	/	2 )	/	15843.584	*	365 / 4
=	4787.179					/	15843.584	*	365 / 4
=	27.57

Wah Lee Industrial (TPE:3010) 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.

Wah Lee Industrial's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15843.584	/	4787.179
	=	3.31

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.

Wah Lee Industrial's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4787.179	/	17217.851
	=	0.28

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.

Wah Lee Industrial Days Inventory Related Terms

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

Wah Lee Industrial (TPE:3010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wah Lee Industrial Corp (TPE:3010) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235, Chung Cheng 4th Road, 10th Floor, Kaohsiung, TWN, 801

Website

https://www.wahlee.com

Wah Lee Industrial Corporation is a Taiwan-based distributor of materials for use in industrial practices. While the company generates some revenue domestically, the majority of revenue is earned in China. The company operates through three main segments: Wah Lee Industrial, Raycong, Shanghai Yikang, and Others. Wah Lee Industrial, which generates the majority of revenue, distributes products for use in composite materials, plastics, printed circuit boards, semiconductors, and opto-electronics. Other products distributed by the company include bullet-resistant materials, carbon fibres, high-performance fabrics, and environmentally friendly refrigerants.

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