Paragon Technologies Co (TPE:3518) Days Inventory : 21.62 (As of Sep. 2024)

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What is Paragon Technologies Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Paragon Technologies Co's Average Total Inventories for the three months ended in Sep. 2024 was NT$19.1 Mil. Paragon Technologies Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$80.8 Mil. Hence, Paragon Technologies Co's Days Inventory for the three months ended in Sep. 2024 was 21.62.

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

TPE:3518' s Days Inventory Range Over the Past 10 Years
Min: 4.38 Med: 7.78 Max: 21.1
Current: 21.1

During the past 13 years, Paragon Technologies Co's highest Days Inventory was 21.10. The lowest was 4.38. And the median was 7.78.

TPE:3518's Days Inventory is ranked better than
96.76% of 2903 companies
in the Industrial Products industry
Industry Median: 121.86 vs TPE:3518: 21.10

Paragon Technologies Co's Days Inventory increased from Sep. 2023 (7.82) to Sep. 2024 (21.62). It might indicate that Paragon Technologies Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Paragon Technologies Co's Inventory Turnover for the three months ended in Sep. 2024 was 4.22.

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. Paragon Technologies Co's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.21.

Paragon Technologies Co Days Inventory Historical Data

The historical data trend for Paragon Technologies 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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Paragon Technologies Co Days Inventory Chart

Paragon Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.90

7.57

4.93

4.38

17.45

Paragon Technologies Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															7.82	16.90	29.73	22.72	21.62

Competitive Comparison of Paragon Technologies Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Paragon Technologies 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.

Paragon Technologies Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Paragon Technologies Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Paragon Technologies Co's Days Inventory falls into.

Paragon Technologies Co Days Inventory Calculation

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

Paragon Technologies 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
=	( (4.521	+	22.295)	/	2 )	/	280.415	*	365
=	13.408					/	280.415	*	365
=	17.45

Paragon Technologies Co's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (19.188	+	19.097)	/	2 )	/	80.807	*	365 / 4
=	19.1425					/	80.807	*	365 / 4
=	21.62

Paragon Technologies Co (TPE:3518) 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.

Paragon Technologies Co's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	80.807	/	19.1425
	=	4.22

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.

Paragon Technologies Co's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19.1425	/	93.126
	=	0.21

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.

Paragon Technologies Co Days Inventory Related Terms

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

Paragon Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Paragon Technologies Co Ltd (TPE:3518) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 108, Nanshan Road, No. 2, Section 1, Luzhu District, Taoyuan, TWN, 338

Website

http://www.pttech.com.tw

Paragon Technologies Co Ltd is engaged in manufacturing EMI, optoelectronic, and optical film, and research, development, manufacturing, processing, and trading of machinery, equipment, and components. The reportable segments of the company are; the PVD Coating Products Department, and the Silicon Carbide Products Department. The majority of the company's revenue is derived from the PVD Coating Products Department which generates revenue from the sputter coating of electronic components according to the specifications agreed upon between the customers and the company. Geographically, key revenue for the company is derived from Mainland China and the rest from Taiwan.

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