Daily Polymer Co (ROCO:4716) Inventory Turnover : 1.05 (As of Mar. 2024)

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What is Daily Polymer 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. Daily Polymer Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$114.5 Mil. Daily Polymer Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$109.2 Mil. Daily Polymer Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daily Polymer Co's Days Inventory for the three months ended in Mar. 2024 was 87.03.

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. Daily Polymer Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Daily Polymer Co Inventory Turnover Historical Data

The historical data trend for Daily Polymer 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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Daily Polymer Co Inventory Turnover Chart

Daily Polymer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.77

5.43

4.54

4.13

Daily Polymer 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															0.84	0.93	1.08	1.14	1.05

Daily Polymer Co Inventory Turnover Calculation

Daily Polymer 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 )
=	472.47	/ (	(122.851	+	105.975)	/	2 )
=	472.47	/	114.413
=	4.13

Daily Polymer 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 )
=	114.504	/ (	(105.975	+	112.435)	/	2 )
=	114.504	/	109.205
=	1.05

Daily Polymer Co (ROCO:4716) 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.

Daily Polymer 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
	=	109.205	/	114.504	*	365 / 4
	=	87.03

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.

Daily Polymer 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 )
	=	109.205	/	131.249
	=	0.83

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.

Daily Polymer Co Inventory Turnover Related Terms

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Daily Polymer Co (ROCO:4716) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daily Polymer Co Ltd (ROCO:4716) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Number 18, Yongong 2nd Road, Yong'An District, Kaohsiung, TWN, 828

Website

https://www.daily-polymer.com

Daily Polymer Co Ltd is engaged in the manufacturing, processing, and trading of synthetic resin products and electronic chemical materials in Taiwan. The company has two reportable segment such as Synthetic Resins Segment, New Materials Segment. The company generates majority of its revenue from Synthetic Resins Segment. Its main products include alkyd resin, polyacrylate resin, unsaturated polyester resin and star products - liquid crystal materials and alignment films for TFT and STN LCD.

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