Hengs Technology Co (ROCO:4582) Inventory Turnover : 2.26 (As of Dec. 2023)

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What is Hengs Technology 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. Hengs Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$479 Mil. Hengs Technology Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$212 Mil. Hengs Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hengs Technology Co's Days Inventory for the six months ended in Dec. 2023 was 80.87.

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. Hengs Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

Hengs Technology Co Inventory Turnover Historical Data

The historical data trend for Hengs Technology 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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Hengs Technology Co Inventory Turnover Chart

Hengs Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.72

20.70

10.64

20.26

6.50

Hengs Technology Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial									3.46	3.11	6.85	6.30	2.26

Hengs Technology Co Inventory Turnover Calculation

Hengs Technology 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 )
=	1587.947	/ (	(208.165	+	280.456)	/	2 )
=	1587.947	/	244.3105
=	6.50

Hengs Technology Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	478.766	/ (	(143.855	+	280.456)	/	2 )
=	478.766	/	212.1555
=	2.26

Hengs Technology Co (ROCO:4582) 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.

Hengs Technology Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	212.1555	/	478.766	*	365 / 2
	=	80.87

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.

Hengs Technology Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	212.1555	/	566.866
	=	0.37

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.

Hengs Technology Co Inventory Turnover Related Terms

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Hengs Technology Co (ROCO:4582) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Hengs Technology Co Ltd (ROCO:4582) » Definitions » Inventory Turnover

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Address

Number 168, Yongke Ring Road, Yongkang District, Tainan, TWN, 710

Website

http://www.hengs.com

Hengs Technology Co Ltd is a Taiwan-based company engaged in the development of the solar power system. The product portfolio of the company includes Solar Pump Package, Solar Outdoor Lighting, Solar Mounting Rack, PV Module, and Battery among others. The main business projects include energy technical service engineering, electronic equipment retail and wholesale, other machinery and lighting equipment manufacturing, international trade, etc.

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