Proxene Tools Co (ROCO:6904) Inventory Turnover : 0.65 (As of Mar. 2024)

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What is Proxene Tools 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. Proxene Tools Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$147.5 Mil. Proxene Tools Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$226.9 Mil. Proxene Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Proxene Tools Co's Days Inventory for the three months ended in Mar. 2024 was 140.34.

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. Proxene Tools Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

Proxene Tools Co Inventory Turnover Historical Data

The historical data trend for Proxene Tools 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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Proxene Tools Co Inventory Turnover Chart

Proxene Tools Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.66

2.81

2.90

2.68

2.66

Proxene Tools Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.60	0.67	0.68	0.65	0.65

Proxene Tools Co Inventory Turnover Calculation

Proxene Tools 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 )
=	600.072	/ (	(224.332	+	227.624)	/	2 )
=	600.072	/	225.978
=	2.66

Proxene Tools Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	147.523	/ (	(227.624	+	226.161)	/	2 )
=	147.523	/	226.8925
=	0.65

Proxene Tools Co (ROCO:6904) 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.

Proxene Tools Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	226.8925	/	147.523	*	365 / 4
	=	140.34

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.

Proxene Tools Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	226.8925	/	225.021
	=	1.01

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.

Proxene Tools Co Inventory Turnover Related Terms

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Proxene Tools Co (ROCO:6904) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Proxene Tools Co Ltd (ROCO:6904) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Alley 28, Lane 360, Zhongshan Road, Shengang District, Taichung City, TWN, 42947

Website

https://www.proxene.com.tw

Proxene Tools Co Ltd engages in the manufacturing and exporting of adjustable angle wrenches in Taiwan. It offers industrial hand tools manufacturing adjustable wrench hand tools, wrenches, Industrial Video Borescope, Diagnostic equipment, and Car care products.

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