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Spec Products (ROCO:7718) Inventory Turnover : 2.60 (As of Dec. 2024)


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What is Spec Products 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. Spec Products's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$464 Mil. Spec Products's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$179 Mil. Spec Products's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spec Products's Days Inventory for the three months ended in Dec. 2024 was 35.16.

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. Spec Products's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.31.

Spec Products Inventory Turnover Historical Data

The historical data trend for Spec Products'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.

Spec Products Inventory Turnover Chart

Spec Products Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
10.50 10.50 10.42 10.32 11.34

Spec Products Quarterly Data
Dec20 Dec21 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only 2.74 2.82 - 3.08 2.60

Spec Products Inventory Turnover Calculation

Spec Products'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 )
=1923.742 / ((153.39 + 185.821) / 2 )
=1923.742 / 169.6055
=11.34

Spec Products'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: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=463.868 / ((171.638 + 185.821) / 2 )
=463.868 / 178.7295
=2.60

* 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.

Spec Products  (ROCO:7718) 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.

Spec Products's Days Inventory for the three 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
=178.7295/463.868*365 / 4
=35.16

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.

Spec Products'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 )
=178.7295 / 574.82
=0.31

* 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.

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.

Spec Products Inventory Turnover Related Terms

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Spec Products Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spec Products Corp (ROCO:7718) » Definitions » Inventory Turnover
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ROCO:2065 ROCO:3178 TPE:4560 ROCO:6904 ROCO:6234 ROCO:5015 TPE:2022 TPE:1541 TPE:4999 ROCO:5498 HKSE:00669 SNA LECO RBC SWK OSTO:SKF B TSE:6586 TTC XSWX:SFSN TKR
Traded in Other Exchanges
N/A
Address
9F.-4, No. 358, Sec 1, Dongmen Road, East District, Tainan, TWN, 701002
Website
https://www.spec.com.tw
Spec Products Corp is a company which is Integrated Industrial Parts manufacturer and supplier where in they have exported more than ten thousand items made to customers' prints or samples per year to USA, Europe, Japan and China, including cold/ hot forging, turning, plastic ejection and stamping, etc from either on its own or sub-contracted factories.

Spec Products Headlines

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