Highlight Tech (ROCO:6208) Inventory Turnover : 0.51 (As of Dec. 2024)

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What is Highlight Tech 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. Highlight Tech's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$689 Mil. Highlight Tech's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1,341 Mil. Highlight Tech's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Highlight Tech's Days Inventory for the three months ended in Dec. 2024 was 177.67.

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. Highlight Tech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.29.

Highlight Tech Inventory Turnover Historical Data

The historical data trend for Highlight Tech'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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Highlight Tech Inventory Turnover Chart

Highlight Tech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.88

1.86

1.79

1.95

1.91

Highlight Tech 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															0.43	0.49	0.48	0.47	0.51

Highlight Tech Inventory Turnover Calculation

Highlight Tech'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 )
=	2574.463	/ (	(1368.833	+	1325.04)	/	2 )
=	2574.463	/	1346.9365
=	1.91

Highlight Tech'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 )
=	688.909	/ (	(1357.651	+	1325.04)	/	2 )
=	688.909	/	1341.3455
=	0.51

Highlight Tech (ROCO:6208) 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.

Highlight Tech'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
	=	1341.3455	/	688.909	*	365 / 4
	=	177.67

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.

Highlight Tech'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 )
	=	1341.3455	/	1039.735
	=	1.29

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.

Highlight Tech Inventory Turnover Related Terms

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Highlight Tech Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Highlight Tech Corp (ROCO:6208) » Definitions » Inventory Turnover

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Address

No. 8, Huoshui Raod, Xinshi District, Tainan, TWN, 744092

Website

https://www.htcvacuum.com

Highlight Tech Corp is a manufacturer of vacuum technology equipment and a supplier of comprehensive integration services in the vacuum field. Its product includes a vacuum chamber, valves, pump, and automation equipment. Its vacuum coating technology is used in 3C products, semiconductors, optoelectronics, touch panel industry, and solar photovoltaic industry. The Group mainly operates in two regions: Taiwan and China.

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