New Palace International Co (TPE:8940) Days Inventory : 33.97 (As of Mar. 2024)

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What is New Palace International Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). New Palace International Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$104 Mil. New Palace International Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$280 Mil. Hence, New Palace International Co's Days Inventory for the three months ended in Mar. 2024 was 33.97.

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

TPE:8940' s Days Inventory Range Over the Past 10 Years
Min: 36.83 Med: 41.32 Max: 57.37
Current: 42.9

During the past 13 years, New Palace International Co's highest Days Inventory was 57.37. The lowest was 36.83. And the median was 41.32.

TPE:8940's Days Inventory is ranked worse than
82.14% of 336 companies
in the Restaurants industry
Industry Median: 15.955 vs TPE:8940: 42.90

New Palace International Co's Days Inventory declined from Mar. 2023 (41.48) to Mar. 2024 (33.97).

Inventory Turnover measures how fast the company turns over its inventory within a year. New Palace International Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.69.

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. New Palace International Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.17.

New Palace International Co Days Inventory Historical Data

The historical data trend for New Palace International 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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New Palace International Co Days Inventory Chart

New Palace International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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41.01

42.71

52.09

57.37

53.19

New Palace International 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															41.48	48.03	57.58	44.68	33.97

Competitive Comparison of New Palace International Co's Days Inventory

For the Restaurants subindustry, New Palace International 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.

New Palace International Co's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, New Palace International Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where New Palace International Co's Days Inventory falls into.

New Palace International Co Days Inventory Calculation

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

New Palace International 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
=	( (94.411	+	118.06)	/	2 )	/	729.063	*	365
=	106.2355					/	729.063	*	365
=	53.19

New Palace International 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
=	( (118.06	+	90.478)	/	2 )	/	280.111	*	365 / 4
=	104.269					/	280.111	*	365 / 4
=	33.97

New Palace International Co (TPE:8940) 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.

New Palace International Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	280.111	/	104.269
	=	2.69

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.

New Palace International Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	104.269	/	627.7
	=	0.17

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.

New Palace International Co Days Inventory Related Terms

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

New Palace International Co (TPE:8940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » New Palace International Co Ltd (TPE:8940) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 456, Hanxi East Road, Section 1, East District, Taichang, TWN, 401

Website

https://www.newpalace.com.tw

New Palace International Co Ltd is a Taiwan based company engaged in the catering industry. Its products and services include the provision of traditional catering services, banquets, and buffets.

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