Acter Group (ROCO:5536) Inventory Turnover : 2.68 (As of Jun. 2024)

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What is Acter Group 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. Acter Group's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$5,871 Mil. Acter Group's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$2,192 Mil. Acter Group's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Acter Group's Days Inventory for the three months ended in Jun. 2024 was 34.08.

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. Acter Group's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.29.

Acter Group Inventory Turnover Historical Data

The historical data trend for Acter Group'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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Acter Group Inventory Turnover Chart

Acter Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.07

32.07

43.33

26.13

11.87

Acter Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.93	2.73	2.58	1.93	2.68

Acter Group Inventory Turnover Calculation

Acter Group'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 )
=	20142.993	/ (	(1246.038	+	2146.984)	/	2 )
=	20142.993	/	1696.511
=	11.87

Acter Group's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	5870.684	/ (	(2338.284	+	2046.569)	/	2 )
=	5870.684	/	2192.4265
=	2.68

Acter Group (ROCO:5536) 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.

Acter Group's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2192.4265	/	5870.684	*	365 / 4
	=	34.08

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.

Acter Group's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2192.4265	/	7659.583
	=	0.29

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.

Acter Group Inventory Turnover Related Terms

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Acter Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Acter Group Corp Ltd (ROCO:5536) » Definitions » Inventory Turnover

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Address

No. 201, Wenxin Road, 19th Floor-1, Section 2, Xitun District, Taichung, TWN, 40758

Website

https://www.acter.com.tw

Acter Group Corp Ltd Formerly Acter Co Ltd is a Taiwan-based engineering and construction company. It is engaged in providing construction, design, and maintenance services related to air conditioners, environmental control services, clean room set-up, ice water machine trading, energy-storing equipment trading, ventilation engineering, and energy technology services. The company's geographical segments include Taiwan, Mainland China, and other Asian countries. It generates maximum revenue from Taiwan, which provides engineering services and sales.

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