Penpower Technology (ROCO:5211) Inventory Turnover : 0.63 (As of Dec. 2024)

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What is Penpower 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. Penpower Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$17.7 Mil. Penpower Technology's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$28.1 Mil. Penpower Technology's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Penpower Technology's Days Inventory for the three months ended in Dec. 2024 was 144.42.

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. Penpower Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.74.

Penpower Technology Inventory Turnover Historical Data

The historical data trend for Penpower 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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Penpower Technology Inventory Turnover Chart

Penpower Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.49

1.46

1.82

2.16

2.56

Penpower 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															0.66	0.65	0.75	0.60	0.63

Penpower Technology Inventory Turnover Calculation

Penpower 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 )
=	76.768	/ (	(31.965	+	27.927)	/	2 )
=	76.768	/	29.946
=	2.56

Penpower 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 )
=	17.724	/ (	(28.175	+	27.927)	/	2 )
=	17.724	/	28.051
=	0.63

Penpower Technology (ROCO:5211) 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.

Penpower 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
	=	28.051	/	17.724	*	365 / 4
	=	144.42

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.

Penpower 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 )
	=	28.051	/	38.07
	=	0.74

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.

Penpower Technology Inventory Turnover Related Terms

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Penpower Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Penpower Technology Ltd (ROCO:5211) » Definitions » Inventory Turnover

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Address

Guangfu Road, Section 2, 7th Floor, No.47, Lane 2, Hsinchu, TWN, 30071

Website

http://www.penpower.com.tw

Penpower Technology Ltd is a smart human-machine interface core technology research and development company. The company is engaged in the manufacturing and distribution of software products. It offers products based on its handwriting recognition, voice recognition, optical character recognition, business card recognition, biometrics recognition, and security technologies. The technologies serve different industries such as PC, mobile devices, communication transmission, internet, and information appliances. It has operations in Hong Kong, Singapore, China, and the United States.

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