Tai Shing Electronics Components (ROCO:3426) Inventory Turnover : 2.63 (As of Mar. 2025)

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What is Tai Shing Electronics Components 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. Tai Shing Electronics Components's Cost of Goods Sold for the three months ended in Mar. 2025 was NT$135.3 Mil. Tai Shing Electronics Components's Average Total Inventories for the quarter that ended in Mar. 2025 was NT$51.5 Mil. Tai Shing Electronics Components's Inventory Turnover for the quarter that ended in Mar. 2025 was 2.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tai Shing Electronics Components's Days Inventory for the three months ended in Mar. 2025 was 34.76.

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. Tai Shing Electronics Components's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.26.

Tai Shing Electronics Components Inventory Turnover Historical Data

The historical data trend for Tai Shing Electronics Components'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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Tai Shing Electronics Components Inventory Turnover Chart

Tai Shing Electronics Components Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.15

10.29

8.34

7.22

9.21

Tai Shing Electronics Components Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															2.17	2.30	2.68	2.54	2.63

Tai Shing Electronics Components Inventory Turnover Calculation

Tai Shing Electronics Components's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	512.427	/ (	(56.267	+	55.042)	/	2 )
=	512.427	/	55.6545
=	9.21

Tai Shing Electronics Components's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	135.298	/ (	(55.042	+	48.042)	/	2 )
=	135.298	/	51.542
=	2.63

Tai Shing Electronics Components (ROCO:3426) 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.

Tai Shing Electronics Components's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	51.542	/	135.298	*	365 / 4
	=	34.76

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.

Tai Shing Electronics Components's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	51.542	/	201.814
	=	0.26

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.

Tai Shing Electronics Components Inventory Turnover Related Terms

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Tai Shing Electronics Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Shing Electronics Components Corp (ROCO:3426) » Definitions » Inventory Turnover

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Address

No. 4, Gongye 6th Road, Building A, 6th Floor, Pingzhen Industrial Zone, Pingzhen District, Taoyuan City, TWN, 32459

Website

https://www.tai-shing.com.tw

Tai Shing Electronics Components Corp is engaged in the manufacturing of metal valves, other fabricated metal products, electric appliances, audiovisual electric products, wired communication equipment and apparatuses, telecommunication equipment, and apparatuses among other products. The company segment includes the Domestic sales and manufacturing department and the Overseas sales and manufacturing department. The company generates the majority of its revenue from the Overseas sales and manufacturing department. Geographically, the company operates in Asia, Europe and the Americas. It derives maximum revenue from Americas.

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