United Fiber Optic Communication (ROCO:4903) Inventory Turnover : 1.62 (As of Mar. 2024)

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What is United Fiber Optic Communication 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 Fiber Optic Communication's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$140.2 Mil. United Fiber Optic Communication's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$86.4 Mil. United Fiber Optic Communication's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. United Fiber Optic Communication's Days Inventory for the three months ended in Mar. 2024 was 56.23.

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 Fiber Optic Communication's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.59.

United Fiber Optic Communication Inventory Turnover Historical Data

The historical data trend for United Fiber Optic Communication'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 Fiber Optic Communication Inventory Turnover Chart

United Fiber Optic Communication Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.57

11.06

7.62

8.72

7.64

United Fiber Optic Communication 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															2.18	1.30	1.96	2.62	1.62

United Fiber Optic Communication Inventory Turnover Calculation

United Fiber Optic Communication'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 )
=	629.487	/ (	(78.98	+	85.774)	/	2 )
=	629.487	/	82.377
=	7.64

United Fiber Optic Communication'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 )
=	140.238	/ (	(85.774	+	87.069)	/	2 )
=	140.238	/	86.4215
=	1.62

United Fiber Optic Communication (ROCO:4903) 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 Fiber Optic Communication'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
	=	86.4215	/	140.238	*	365 / 4
	=	56.23

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 Fiber Optic Communication'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 )
	=	86.4215	/	146.022
	=	0.59

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 Fiber Optic Communication Inventory Turnover Related Terms

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United Fiber Optic Communication (ROCO:4903) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » United Fiber Optic Communication Inc (ROCO:4903) » Definitions » Inventory Turnover

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Address

No. 12, Creation Road IV, Science-Based Industrial Park, Hsinchu, TWN

Website

https://www.ufoc.com.tw

United Fiber Optic Communication Inc manufactures and distributes optical fiber cables and transmission equipment. The company mainly engages in exporting and importing products as well as providing services regarding fiber optic cables, related materials and accessories, transmission equipment, dense wavelength division multiplex (DWDM), repeaters, panels and boxes, and preforms, related communications equipment and network workstation systems, FDDI network equipment, optical Cable TV transmitters and receivers, FM PSK multi-band video transmission series, broadband data transmission, and network management systems.

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