Promate Solutions (ROCO:6577) Inventory Turnover : 0.71 (As of Dec. 2023)

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What is Promate Solutions 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. Promate Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$391 Mil. Promate Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$550 Mil. Promate Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Promate Solutions's Days Inventory for the three months ended in Dec. 2023 was 128.28.

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. Promate Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.99.

Promate Solutions Inventory Turnover Historical Data

The historical data trend for Promate Solutions'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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Promate Solutions Inventory Turnover Chart

Promate Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.32

4.40

4.10

3.82

4.01

Promate Solutions 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															0.89	0.79	1.10	1.09	0.71

Promate Solutions Inventory Turnover Calculation

Promate Solutions'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 )
=	1887.456	/ (	(399.28	+	541.685)	/	2 )
=	1887.456	/	470.4825
=	4.01

Promate Solutions'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 )
=	391.116	/ (	(557.996	+	541.685)	/	2 )
=	391.116	/	549.8405
=	0.71

Promate Solutions (ROCO:6577) 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.

Promate Solutions'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
	=	549.8405	/	391.116	*	365 / 4
	=	128.28

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.

Promate Solutions'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 )
	=	549.8405	/	557.214
	=	0.99

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.

Promate Solutions Inventory Turnover Related Terms

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Promate Solutions (ROCO:6577) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Promate Solutions Corp (ROCO:6577) » Definitions » Inventory Turnover

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Address

Huanshan Road, 1st Floor, No. 30, Section 1, Neihu District, Taipei, TWN, 11442

Website

https://www.promate.com

Promate Solutions Corp is a Taiwan-based company engaged in the research and development and manufacture of medical touch screen displays, embedded control systems, special application and industrial displays, and research and development of application software and hardware.

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