Taiwan Hopax Chemicals MFG Co (ROCO:6509) Inventory Turnover : 0.59 (As of Dec. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Taiwan Hopax Chemicals MFG 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. Taiwan Hopax Chemicals MFG Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$817 Mil. Taiwan Hopax Chemicals MFG Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1,392 Mil. Taiwan Hopax Chemicals MFG Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taiwan Hopax Chemicals MFG Co's Days Inventory for the three months ended in Dec. 2024 was 155.52.

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. Taiwan Hopax Chemicals MFG Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.24.

Taiwan Hopax Chemicals MFG Co Inventory Turnover Historical Data

The historical data trend for Taiwan Hopax Chemicals MFG 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.

* Premium members only.

Taiwan Hopax Chemicals MFG Co Inventory Turnover Chart

Taiwan Hopax Chemicals MFG Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

2.67

3.02

2.85

2.34

2.47

Taiwan Hopax Chemicals MFG Co 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															0.59	0.66	0.63	0.60	0.59

Taiwan Hopax Chemicals MFG Co Inventory Turnover Calculation

Taiwan Hopax Chemicals MFG Co'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 )
=	3295.158	/ (	(1280.996	+	1382.283)	/	2 )
=	3295.158	/	1331.6395
=	2.47

Taiwan Hopax Chemicals MFG Co'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 )
=	816.977	/ (	(1402.547	+	1382.283)	/	2 )
=	816.977	/	1392.415
=	0.59

Taiwan Hopax Chemicals MFG Co (ROCO:6509) 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.

Taiwan Hopax Chemicals MFG Co'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
	=	1392.415	/	816.977	*	365 / 4
	=	155.52

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.

Taiwan Hopax Chemicals MFG Co'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 )
	=	1392.415	/	1120.698
	=	1.24

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.

Taiwan Hopax Chemicals MFG Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Taiwan Hopax Chemicals MFG Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Taiwan Hopax Chemicals MFG Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Taiwan Hopax Chemicals MFG Co Ltd (ROCO:6509) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.28, Huadong Road, Daliao District, Kaohsiung, TWN, 831

Website

https://www.hopaxfc.com/en

Taiwan Hopax Chemicals MFG Co Ltd is engaged in the science and technology business. It mainly manufactures, processes, and sells the following products: chemical raw materials for pharmaceuticals, industrial and paper making, and office stationery. Its products include papermaking chemicals, water treatment, biological reagents, polymer-applied chemicals, and green chemicals.

Taiwan Hopax Chemicals MFG Co Headlines

No Headlines