Tan De Tech Co (ROCO:6867) Inventory Turnover : 3.63 (As of Dec. 2024)

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What is Tan De Tech 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. Tan De Tech Co's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$145.5 Mil. Tan De Tech Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$40.1 Mil. Tan De Tech Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 3.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tan De Tech Co's Days Inventory for the six months ended in Dec. 2024 was 50.34.

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. Tan De Tech Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.21.

Tan De Tech Co Inventory Turnover Historical Data

The historical data trend for Tan De Tech 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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Tan De Tech Co Inventory Turnover Chart

Tan De Tech Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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5.65

5.93

6.86

6.83

6.49

Tan De Tech Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial					3.74	3.00	3.30	3.93	3.63

Tan De Tech Co Inventory Turnover Calculation

Tan De Tech 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 )
=	328.171	/ (	(56.911	+	44.274)	/	2 )
=	328.171	/	50.5925
=	6.49

Tan De Tech 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: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	145.498	/ (	(35.999	+	44.274)	/	2 )
=	145.498	/	40.1365
=	3.63

Tan De Tech Co (ROCO:6867) 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.

Tan De Tech Co's Days Inventory for the six 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
	=	40.1365	/	145.498	*	365 / 2
	=	50.34

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.

Tan De Tech 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 )
	=	40.1365	/	195.018
	=	0.21

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.

Tan De Tech Co Inventory Turnover Related Terms

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Tan De Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan De Tech Co Ltd (ROCO:6867) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 8, Dougong 9th Road, Yunlin County, Douliu City, TWN, 64069

Website

http://www.tdtech.com.tw

Tan De Tech Co Ltd designs and manufactures vehicle parts. The firm produces car light guide plates, automotive LED headlights, light guide modules, LMT light distribution instruments, Side entry light guide, and signal lamp module.

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