KenMec Mechanical Engineering Co (ROCO:6125) Inventory Turnover : 0.92 (As of Mar. 2024)

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What is KenMec Mechanical Engineering 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. KenMec Mechanical Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$518 Mil. KenMec Mechanical Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$565 Mil. KenMec Mechanical Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KenMec Mechanical Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 99.60.

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. KenMec Mechanical Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

KenMec Mechanical Engineering Co Inventory Turnover Historical Data

The historical data trend for KenMec Mechanical Engineering 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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KenMec Mechanical Engineering Co Inventory Turnover Chart

KenMec Mechanical Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.00

2.03

2.76

4.35

5.72

KenMec Mechanical Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.14	1.61	1.71	1.42	0.92

KenMec Mechanical Engineering Co Inventory Turnover Calculation

KenMec Mechanical Engineering 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 )
=	4402.168	/ (	(987.863	+	551.541)	/	2 )
=	4402.168	/	769.702
=	5.72

KenMec Mechanical Engineering Co'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 )
=	517.589	/ (	(551.541	+	578.356)	/	2 )
=	517.589	/	564.9485
=	0.92

KenMec Mechanical Engineering Co (ROCO:6125) 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.

KenMec Mechanical Engineering Co'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
	=	564.9485	/	517.589	*	365 / 4
	=	99.60

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.

KenMec Mechanical Engineering Co'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 )
	=	564.9485	/	609.542
	=	0.93

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.

KenMec Mechanical Engineering Co Inventory Turnover Related Terms

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KenMec Mechanical Engineering Co (ROCO:6125) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » KenMec Mechanical Engineering Co Ltd (ROCO:6125) » Definitions » Inventory Turnover

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Address

Dingping Road, Ruifang District, 1st Floor, No. 69, Ruifang Industrial Park, New Taipei, TWN, 115

Website

https://www.kenmec.com

KenMec Mechanical Engineering Co Ltd manufactures and markets whole factory automated production line systems. The company's segment includes Automation 1; Automation 2; Solar power system, parts and components; Electronic parts and components, and Others. It generates maximum revenue from the Automation 1 segment. Automation segment is responsible for automated flow line equipment and supporting equipment for T.F.T. process equipment, semiconductor process equipment, industrial conveying machinery, and automated storage equipment; parking tower and mechanical parking equipment, incinerator and other environmental facilities; electronic anti-static products; production, sale, installation, and lease of window-cleaning equipment and hanging platforms.

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