Texture Maker Enterprise Co (ROCO:6963) Inventory Turnover : 2.11 (As of Dec. 2023)

View and export this data going back to 2023. Start your Free Trial

What is Texture Maker Enterprise 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. Texture Maker Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$333.4 Mil. Texture Maker Enterprise Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$157.7 Mil. Texture Maker Enterprise Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Texture Maker Enterprise Co's Days Inventory for the six months ended in Dec. 2023 was 86.32.

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. Texture Maker Enterprise Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Texture Maker Enterprise Co Inventory Turnover Historical Data

The historical data trend for Texture Maker Enterprise 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.

* Premium members only.

Texture Maker Enterprise Co Inventory Turnover Chart

Texture Maker Enterprise Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.75

4.61

4.23

Texture Maker Enterprise Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	-	2.65	2.03	1.86	2.11

Texture Maker Enterprise Co Inventory Turnover Calculation

Texture Maker Enterprise 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 )
=	647.628	/ (	(163.988	+	142.277)	/	2 )
=	647.628	/	153.1325
=	4.23

Texture Maker Enterprise Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	333.391	/ (	(173.112	+	142.277)	/	2 )
=	333.391	/	157.6945
=	2.11

Texture Maker Enterprise Co (ROCO:6963) 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.

Texture Maker Enterprise Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	157.6945	/	333.391	*	365 / 2
	=	86.32

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.

Texture Maker Enterprise Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	157.6945	/	417.857
	=	0.38

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.

Texture Maker Enterprise Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Texture Maker Enterprise Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Texture Maker Enterprise Co (ROCO:6963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Texture Maker Enterprise Co Ltd (ROCO:6963) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng E. Road, 28F., No.27-8, Sec. 2, Tamsui District, New Taipei City, TWN, 251

Website

https://www.texturemaker.com.tw

Texture Maker Enterprise Co Ltd is a is a food ingredient R&D center and also a premix manufacturer. It is engaged in developing innovative food textures and includes three categories Bakery, Beverage, and food texture. Its bakery products include Mochi bread mix, Mojo Mix, Purple yam bread mix, etc. Beverage products include vegan non-dairy creamer, Non-dairy creamer, Banana beverage powder, etc. Food texture products include Korean-style dipping sauce, Japanese-style fried chicken mix, Fried seafood coating mix etc.

Texture Maker Enterprise Co (ROCO:6963) Headlines

No Headlines