Max Echo Technology (ROCO:5228) Inventory Turnover : 0.87 (As of Mar. 2024)

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What is Max Echo 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. Max Echo Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$101.6 Mil. Max Echo Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$117.3 Mil. Max Echo Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Max Echo Technology's Days Inventory for the three months ended in Mar. 2024 was 105.30.

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. Max Echo Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.23.

Max Echo Technology Inventory Turnover Historical Data

The historical data trend for Max Echo 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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Max Echo Technology Inventory Turnover Chart

Max Echo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.37

3.59

4.27

3.49

2.88

Max Echo Technology Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.66	0.64	0.61	0.87

Max Echo Technology Inventory Turnover Calculation

Max Echo Technology'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 )
=	417.271	/ (	(169.755	+	119.611)	/	2 )
=	417.271	/	144.683
=	2.88

Max Echo Technology'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 )
=	101.619	/ (	(119.611	+	114.928)	/	2 )
=	101.619	/	117.2695
=	0.87

Max Echo Technology (ROCO:5228) 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.

Max Echo Technology'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
	=	117.2695	/	101.619	*	365 / 4
	=	105.30

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.

Max Echo Technology'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 )
	=	117.2695	/	95.384
	=	1.23

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.

Max Echo Technology Inventory Turnover Related Terms

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Max Echo Technology (ROCO:5228) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Max Echo Technology Corp (ROCO:5228) » Definitions » Inventory Turnover

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Address

Number 15, Jingke E. Road, Nantun District, Taichung, TWN, 408

Website

http://www.maxecho.com.tw

Max Echo Technology Corp is a Taiwan based company engaged in manufacturing and selling SMD multilayer inductor and bead. Its products include multilayer GHz high-frequency ferrite chip beads, multilayer ferrite chip beads, multilayer balun transformers, and multilayer power inductors.

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