Chang Jia M&E Engineering (ROCO:4550) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Chang Jia M&E Engineering 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. Chang Jia M&E Engineering's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$327 Mil. Chang Jia M&E Engineering's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chang Jia M&E Engineering's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Chang Jia M&E Engineering's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Chang Jia M&E Engineering Inventory Turnover Historical Data

The historical data trend for Chang Jia M&E Engineering'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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Chang Jia M&E Engineering Inventory Turnover Chart

Chang Jia M&E Engineering Annual Data

Trend

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Dec23

Inventory Turnover

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Chang Jia M&E Engineering 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															-	-	-	-	-

Chang Jia M&E Engineering Inventory Turnover Calculation

Chang Jia M&E Engineering'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 )
=	1646.4	/ (	(0	+	0)	/	1 )
=	1646.4	/	0
=	N/A

Chang Jia M&E Engineering'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 )
=	326.514	/ (	(0	+	0)	/	1 )
=	326.514	/	0
=	N/A

Chang Jia M&E Engineering (ROCO:4550) 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.

Chang Jia M&E Engineering'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
	=	0	/	326.514	*	365 / 4
	=	0.00

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.

Chang Jia M&E Engineering'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 )
	=	0	/	384.678
	=	0.00

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.

Chang Jia M&E Engineering Inventory Turnover Related Terms

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Chang Jia M&E Engineering (ROCO:4550) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chang Jia M&E Engineering Corp (ROCO:4550) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Number 1, Lane 10, Jihu Road, 8th Floor, Neihu District, Taipei, TWN, 114

Website

http://www.changjia.com.tw

Chang Jia M&E Engineering Corp is a Taiwan-based company involved in the field of electrical and mechanical engineering. It is centered on the construction of electrical, water, fire, monitoring, air conditioning, and clean room projects.

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