United Orthopedic (ROCO:4129) Inventory Turnover : 0.16 (As of Dec. 2024)

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What is United Orthopedic 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. United Orthopedic's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$307 Mil. United Orthopedic's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1,900 Mil. United Orthopedic's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Orthopedic's Days Inventory for the three months ended in Dec. 2024 was 563.76.

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. United Orthopedic's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.44.

United Orthopedic Inventory Turnover Historical Data

The historical data trend for United Orthopedic'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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United Orthopedic Inventory Turnover Chart

United Orthopedic Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.61

0.65

0.67

0.60

0.58

United Orthopedic Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.16	0.13	0.14	0.12	0.16

United Orthopedic Inventory Turnover Calculation

United Orthopedic'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 )
=	1030.809	/ (	(1691.336	+	1873.378)	/	2 )
=	1030.809	/	1782.357
=	0.58

United Orthopedic's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	307.495	/ (	(1926.159	+	1873.378)	/	2 )
=	307.495	/	1899.7685
=	0.16

United Orthopedic (ROCO:4129) 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.

United Orthopedic's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1899.7685	/	307.495	*	365 / 4
	=	563.76

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.

United Orthopedic's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1899.7685	/	1315.922
	=	1.44

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.

United Orthopedic Inventory Turnover Related Terms

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United Orthopedic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » United Orthopedic Corp (ROCO:4129) » Definitions » Inventory Turnover

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Address

No. 57, Second Road, First Floor, Hsinchu Science and Technology Park, New Taipei City, TWN, 23452

Website

https://www.uoc.com.tw

United Orthopedic Corp manufactures, develops, and distributes medical equipment such as orthopedic implants and precision medical devices. Its product line includes hip replacement systems, knee replacement systems, as well as oncology and custom implants. Its solutions are used to perform total hip/knee replacements and revisions, plus clinical education, service, and support for surgeons and hospitals.

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