Camellia Metal Co (ROCO:2064) Inventory Turnover : 1.11 (As of Mar. 2024)

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What is Camellia Metal Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Camellia Metal Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$352 Mil. Camellia Metal Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$316 Mil. Camellia Metal Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Camellia Metal Co's Days Inventory for the three months ended in Mar. 2024 was 81.93.

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. Camellia Metal Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.89.

Camellia Metal Co Inventory Turnover Historical Data

The historical data trend for Camellia Metal Co's Inventory Turnover 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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Camellia Metal Co Inventory Turnover Chart

Camellia Metal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.34

4.21

4.95

2.99

2.90

Camellia Metal Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.66	0.68	0.87	1.01	1.11

Camellia Metal Co Inventory Turnover Calculation

Camellia Metal Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1414.491	/ (	(650.518	+	324.286)	/	2 )
=	1414.491	/	487.402
=	2.90

Camellia Metal Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	351.79	/ (	(324.286	+	307.439)	/	2 )
=	351.79	/	315.8625
=	1.11

Camellia Metal Co (ROCO:2064) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Camellia Metal Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	315.8625	/	351.79	*	365 / 4
	=	81.93

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.

Camellia Metal Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	315.8625	/	355.204
	=	0.89

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Camellia Metal Co Inventory Turnover Related Terms

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Camellia Metal Co (ROCO:2064) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Camellia Metal Co Ltd (ROCO:2064) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No.24, Lugong Road, Chang Bin Industrial Park, Lukang Township, Changhua, TWN, 50544

Website

http://www.camelliametal.com

Camellia Metal Co Ltd is a Taiwan-based steel bar and wire supplier. The company manufactures bar and wire products ranging from low to high carbon, free cutting, alloy steel, stainless steel, and other types. The company offered products used in the areas of building materials, medical, IT, automotive, aerospace, household appliances, and others. The company generates the majority of its revenue from Taiwan followed by Indonesia, China, Hong Kong, Malaysia, Thailand, and others.

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