Highpoint Service Network (ROCO:6884) Inventory Turnover : 16.23 (As of Dec. 2024)

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What is Highpoint Service Network 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. Highpoint Service Network's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$502 Mil. Highpoint Service Network's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$31 Mil. Highpoint Service Network's Inventory Turnover for the quarter that ended in Dec. 2024 was 16.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Highpoint Service Network's Days Inventory for the six months ended in Dec. 2024 was 11.25.

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. Highpoint Service Network's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.05.

Highpoint Service Network Inventory Turnover Historical Data

The historical data trend for Highpoint Service Network'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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Highpoint Service Network Inventory Turnover Chart

Highpoint Service Network Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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23.76

31.08

34.12

32.47

33.72

Highpoint Service Network Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial							16.27	15.28	12.99	16.42	16.23

Highpoint Service Network Inventory Turnover Calculation

Highpoint Service Network'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 )
=	968.233	/ (	(26.195	+	31.228)	/	2 )
=	968.233	/	28.7115
=	33.72

Highpoint Service Network'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 )
=	501.762	/ (	(30.616	+	31.228)	/	2 )
=	501.762	/	30.922
=	16.23

Highpoint Service Network (ROCO:6884) 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.

Highpoint Service Network'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
	=	30.922	/	501.762	*	365 / 2
	=	11.25

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.

Highpoint Service Network'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 )
	=	30.922	/	629.291
	=	0.05

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.

Highpoint Service Network Inventory Turnover Related Terms

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Highpoint Service Network Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Highpoint Service Network Corp (ROCO:6884) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Xintai 5th Road, 7th Floor, No. 88, Section 1, Xizhi District, New Taipei City, TWN

Website

https://www.hsnservice.com

Highpoint Service Network Corp provides computer-related services and consulting. Its business scope provides multi-country support, multi-brand testing, repair, and maintenance authorized by the original factory. The service items include computer and peripheral products, and office and consumer electronics. Products and peripherals, servers and workstations, network, and computer room equipment.

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