HCmed Innovations Co (ROCO:6934) Inventory Turnover : 5.67 (As of Jun. 2024)

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What is HCmed Innovations 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. HCmed Innovations Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$22.60 Mil. HCmed Innovations Co's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$3.99 Mil. HCmed Innovations Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 5.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HCmed Innovations Co's Days Inventory for the six months ended in Jun. 2024 was 32.19.

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. HCmed Innovations Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.

HCmed Innovations Co Inventory Turnover Historical Data

The historical data trend for HCmed Innovations 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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HCmed Innovations Co Inventory Turnover Chart

HCmed Innovations Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

1.69

4.41

6.26

HCmed Innovations Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			1.14	4.47	2.23	2.62	5.67

HCmed Innovations Co Inventory Turnover Calculation

HCmed Innovations 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 )
=	35.383	/ (	(5.393	+	5.912)	/	2 )
=	35.383	/	5.6525
=	6.26

HCmed Innovations 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 )
=	22.599	/ (	(5.912	+	2.059)	/	2 )
=	22.599	/	3.9855
=	5.67

HCmed Innovations Co (ROCO:6934) 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.

HCmed Innovations 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
	=	3.9855	/	22.599	*	365 / 2
	=	32.19

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.

HCmed Innovations 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 )
	=	3.9855	/	18.849
	=	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.

HCmed Innovations Co Inventory Turnover Related Terms

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HCmed Innovations Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » HCmed Innovations Co Ltd (ROCO:6934) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dunhua S. Road, Rm.B, 10th floor., No.319, Sec.2, Taipei, TWN, 106033

Website

https://www.hcmed-inno.com

HCmed Innovations Co Ltd is focused on inhalation therapy to create integrated drug nebulizer combination products featuring nebulization therapeutic drugs that include small molecule synthetics and large molecule biologics, as either solutions, suspensions, and even difficult-to-deliver high viscosity drugs. Its product include Pulmogine and AdheResp.

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