Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Inventory Turnover : 290.09 (As of Mar. 2024)

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What is Kuei Tien Cultural & Creative Entertainment 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. Kuei Tien Cultural & Creative Entertainment's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3.19 Mil. Kuei Tien Cultural & Creative Entertainment's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$0.01 Mil. Kuei Tien Cultural & Creative Entertainment's Inventory Turnover for the quarter that ended in Mar. 2024 was 290.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kuei Tien Cultural & Creative Entertainment's Days Inventory for the three months ended in Mar. 2024 was 0.31.

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. Kuei Tien Cultural & Creative Entertainment's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Kuei Tien Cultural & Creative Entertainment Inventory Turnover Historical Data

The historical data trend for Kuei Tien Cultural & Creative Entertainment'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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Kuei Tien Cultural & Creative Entertainment Inventory Turnover Chart

Kuei Tien Cultural & Creative Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.91

9.91

4.28

11.11

Kuei Tien Cultural & Creative Entertainment 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															-	-	-	-	290.09

Kuei Tien Cultural & Creative Entertainment Inventory Turnover Calculation

Kuei Tien Cultural & Creative Entertainment'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 )
=	1.169	/ (	(0	+	0)	/	1 )
=	1.169	/	0
=	N/A

Kuei Tien Cultural & Creative Entertainment'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 )
=	3.191	/ (	(0	+	0.011)	/	1 )
=	3.191	/	0.011
=	290.09

Kuei Tien Cultural & Creative Entertainment (ROCO:4806) 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.

Kuei Tien Cultural & Creative Entertainment'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
	=	0.011	/	3.191	*	365 / 4
	=	0.31

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.

Kuei Tien Cultural & Creative Entertainment'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 )
	=	0.011	/	4.319
	=	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.

Kuei Tien Cultural & Creative Entertainment Inventory Turnover Related Terms

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Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Kuei Tien Cultural & Creative Entertainment (ROCO:4806) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 176, Sing'ai Road, 4th Floor, Neihu District, Taipei, TWN

Website

http://www.shec.com.tw

Shenghua Entertainment Communication Co Ltd is a media and entertainment company. The Company is engaged in the production and marketing of TV drama, development of the TV market, and improvement of program production. Its main business projects include television program production and scriptwriting, film production, distribution and investment, and performing arts activity brokerage.

Kuei Tien Cultural & Creative Entertainment (ROCO:4806) Headlines

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