Study King Co (ROCO:6780) Inventory Turnover : 0.93 (As of Jun. 2024)

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What is Study King 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. Study King Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$21.7 Mil. Study King Co's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$23.4 Mil. Study King Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Study King Co's Days Inventory for the six months ended in Jun. 2024 was 196.35.

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. Study King Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

Study King Co Inventory Turnover Historical Data

The historical data trend for Study King 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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Study King Co Inventory Turnover Chart

Study King Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.94

1.48

1.44

1.67

1.53

Study King Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial							0.90	1.01	0.69	0.78	0.93

Study King Co Inventory Turnover Calculation

Study King 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 )
=	44.359	/ (	(31.047	+	26.976)	/	2 )
=	44.359	/	29.0115
=	1.53

Study King Co'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: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	21.741	/ (	(26.976	+	19.806)	/	2 )
=	21.741	/	23.391
=	0.93

Study King Co (ROCO:6780) 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.

Study King Co's Days Inventory for the six 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
	=	23.391	/	21.741	*	365 / 2
	=	196.35

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.

Study King Co'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 )
	=	23.391	/	174.505
	=	0.13

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.

Study King Co Inventory Turnover Related Terms

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Study King Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Study King Co Ltd (ROCO:6780) » Definitions » Inventory Turnover

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Address

250 Section 2 Wenhua Road, 3d Floor, Banqiao District, New Taipei, TWN, 22044

Website

https://www.study123.com.tw

Study King Co Ltd is engaged in the digital learning business. It offers smart learning systems which provides teacher lecturing, intelligent puzzle solving, weaker guidance, learning record review, and other services.

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