Nam Liong International Co (ROCO:5450) Inventory Turnover : 1.30 (As of Dec. 2023)

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What is Nam Liong International Co 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. Nam Liong International Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$459 Mil. Nam Liong International Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$353 Mil. Nam Liong International Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nam Liong International Co's Days Inventory for the three months ended in Dec. 2023 was 70.22.

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. Nam Liong International Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Nam Liong International Co Inventory Turnover Historical Data

The historical data trend for Nam Liong International Co'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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Nam Liong International Co Inventory Turnover Chart

Nam Liong International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.69

4.93

5.34

4.40

4.27

Nam Liong International Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.92	0.84	1.03	1.09	1.30

Nam Liong International Co Inventory Turnover Calculation

Nam Liong International Co'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 )
=	1806.711	/ (	(511.778	+	335.043)	/	2 )
=	1806.711	/	423.4105
=	4.27

Nam Liong International Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	458.733	/ (	(370.933	+	335.043)	/	2 )
=	458.733	/	352.988
=	1.30

Nam Liong International Co (ROCO:5450) 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.

Nam Liong International Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	352.988	/	458.733	*	365 / 4
	=	70.22

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.

Nam Liong International Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	352.988	/	608.82
	=	0.58

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.

Nam Liong International Co Inventory Turnover Related Terms

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Nam Liong International Co (ROCO:5450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nam Liong International Co Ltd (ROCO:5450) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

4th Floor No. 267, Chongyang Road, Nangang District, Taipei City, TWN, 115

Website

http://www.namliong-global.com

Nam Liong International Co Ltd is engaged in the manufacturing and sales of rubber sponges, sponge lamination, hook and loop, flame retardant fabric, abrasion-resistant fabric, TPU film, etc. The company earns revenue from its products which include textile products, sponge lamination products, special textile products, special material products, and others, and the majority of the company's revenue is earned from textile products.

Nam Liong International Co (ROCO:5450) Headlines

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