Quang Viet Enterprise Co (TPE:4438) Days Inventory : 163.35 (As of Mar. 2024)

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What is Quang Viet Enterprise Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Quang Viet Enterprise Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$3,928 Mil. Quang Viet Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,194 Mil. Hence, Quang Viet Enterprise Co's Days Inventory for the three months ended in Mar. 2024 was 163.35.

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

TPE:4438' s Days Inventory Range Over the Past 10 Years
Min: 57.07 Med: 92.29 Max: 117.95
Current: 117.61

During the past 12 years, Quang Viet Enterprise Co's highest Days Inventory was 117.95. The lowest was 57.07. And the median was 92.29.

TPE:4438's Days Inventory is ranked better than
55.91% of 1007 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 132.53 vs TPE:4438: 117.61

Quang Viet Enterprise Co's Days Inventory declined from Mar. 2023 (206.62) to Mar. 2024 (163.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Quang Viet Enterprise Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.56.

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. Quang Viet Enterprise Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.66.

Quang Viet Enterprise Co Days Inventory Historical Data

The historical data trend for Quang Viet Enterprise 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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Quang Viet Enterprise Co Days Inventory Chart

Quang Viet Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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92.90

107.57

117.95

91.68

96.84

Quang Viet Enterprise Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															206.62	133.90	72.33	120.82	163.35

Competitive Comparison of Quang Viet Enterprise Co's Days Inventory

For the Apparel Manufacturing subindustry, Quang Viet Enterprise 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.

Quang Viet Enterprise Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Quang Viet Enterprise Co's Days Inventory falls into.

Quang Viet Enterprise Co Days Inventory Calculation

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

Quang Viet Enterprise 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
=	( (4237.872	+	3226.045)	/	2 )	/	14066.818	*	365
=	3731.9585					/	14066.818	*	365
=	96.84

Quang Viet Enterprise Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (3226.045	+	4629.549)	/	2 )	/	2194.072	*	365 / 4
=	3927.797					/	2194.072	*	365 / 4
=	163.35

Quang Viet Enterprise Co (TPE:4438) 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.

Quang Viet Enterprise Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2194.072	/	3927.797
	=	0.56

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.

Quang Viet Enterprise Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3927.797	/	2367.635
	=	1.66

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.

Quang Viet Enterprise Co Days Inventory Related Terms

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

Quang Viet Enterprise Co (TPE:4438) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Quang Viet Enterprise Co Ltd (TPE:4438) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 607, Ruiguang Road, 6th Floor, Neihu District, Taipei, TWN, 11492

Website

http://www.qve.com.tw

Quang Viet Enterprise Co Ltd is a garment supplying company. The company is engaged in the manufacturing, processing, and sale of garments and raw materials. The company generates the majority of its revenue from the Garment segment. The products of the company include Down jackets, Fiberfill jackets, Light jackets & parkas, and Others. The company's geographical segments are North America, China, Europe, Japan, Russia, and Others.

Quang Viet Enterprise Co (TPE:4438) Headlines

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