Taiwan Green Environment Technology (ROCO:5205) Inventory Turnover : 20.86 (As of Dec. 2024)

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What is Taiwan Green Environment Technology 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. Taiwan Green Environment Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$6.19 Mil. Taiwan Green Environment Technology's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$0.30 Mil. Taiwan Green Environment Technology's Inventory Turnover for the quarter that ended in Dec. 2024 was 20.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taiwan Green Environment Technology's Days Inventory for the three months ended in Dec. 2024 was 4.38.

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. Taiwan Green Environment Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Taiwan Green Environment Technology Inventory Turnover Historical Data

The historical data trend for Taiwan Green Environment Technology'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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Taiwan Green Environment Technology Inventory Turnover Chart

Taiwan Green Environment Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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267.76

13.97

8.53

36.35

104.60

Taiwan Green Environment Technology Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	27.24	20.86

Taiwan Green Environment Technology Inventory Turnover Calculation

Taiwan Green Environment Technology's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	31.065	/ (	(0	+	0.297)	/	1 )
=	31.065	/	0.297
=	104.60

Taiwan Green Environment Technology's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	6.194	/ (	(0.297	+	0.297)	/	2 )
=	6.194	/	0.297
=	20.86

Taiwan Green Environment Technology (ROCO:5205) 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.

Taiwan Green Environment Technology's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	0.297	/	6.194	*	365 / 4
	=	4.38

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.

Taiwan Green Environment Technology's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	0.297	/	6.6
	=	0.05

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.

Taiwan Green Environment Technology Inventory Turnover Related Terms

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Taiwan Green Environment Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taiwan Green Environment Technology Inc (ROCO:5205) » Definitions » Inventory Turnover

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Address

Neihu Road, 3rd Floor - 1, No. 396, Section 1, Neihu District, Taipei, TWN, 11493

Website

https://www.twget.com.tw

Taiwan Green Environment Technology Inc is a Taiwan based company. The company's main business is vehicle transportation, information electromechanical, and resource recycling services. The vehicle management plan provides fleet management systems and related monitoring value-added services for commercial fleet customers, such as driving video management services. The information service plan includes information and electrical integration services, and data analysis. The waste treatment and recycling services combine environmental technology, machinery, information, and other cross-disciplinary teams to provide construction planning and services for waste and water treatment sites.

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