Techzone Technology Materials Co (ROCO:6947) Inventory Turnover : 50.37 (As of Jun. 2024)

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What is Techzone Technology Materials 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. Techzone Technology Materials Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$204.8 Mil. Techzone Technology Materials Co's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$4.1 Mil. Techzone Technology Materials Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 50.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Techzone Technology Materials Co's Days Inventory for the six months ended in Jun. 2024 was 3.62.

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. Techzone Technology Materials Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.01.

Techzone Technology Materials Co Inventory Turnover Historical Data

The historical data trend for Techzone Technology Materials 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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Techzone Technology Materials Co Inventory Turnover Chart

Techzone Technology Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

203.68

72.21

52.97

84.87

Techzone Technology Materials Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			24.25	29.02	21.83	36.97	50.37

Techzone Technology Materials Co Inventory Turnover Calculation

Techzone Technology Materials 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 )
=	336.072	/ (	(5.018	+	2.902)	/	2 )
=	336.072	/	3.96
=	84.87

Techzone Technology Materials 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 )
=	204.848	/ (	(2.902	+	5.232)	/	2 )
=	204.848	/	4.067
=	50.37

Techzone Technology Materials Co (ROCO:6947) 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.

Techzone Technology Materials 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
	=	4.067	/	204.848	*	365 / 2
	=	3.62

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.

Techzone Technology Materials 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 )
	=	4.067	/	397.197
	=	0.01

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.

Techzone Technology Materials Co Inventory Turnover Related Terms

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Techzone Technology Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Techzone Technology Materials Co Ltd (ROCO:6947) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 216, Huanke Road, Guanyin District, Taoyuan City, TWN, 32841

Website

https://www.tech-zone.com.tw

Techzone Technology Materials Co Ltd provides waste treatment and disposal solutions. The company operates an industrial waste treatment center combining incineration treatment, waste heat recovery, and distillation recycling.

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