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King Shing Industrial Co (ROCO:7732) Inventory Turnover : 1.18 (As of Jun. 2024)


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What is King Shing Industrial 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. King Shing Industrial Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$408.0 Mil. King Shing Industrial Co's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$344.4 Mil. King Shing Industrial Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. King Shing Industrial Co's Days Inventory for the six months ended in Jun. 2024 was 154.07.

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. King Shing Industrial Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.54.

King Shing Industrial Co Inventory Turnover Historical Data

The historical data trend for King Shing Industrial 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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King Shing Industrial Co Inventory Turnover Chart

King Shing Industrial Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Inventory Turnover
- 2.71 2.13 1.96

King Shing Industrial Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Jun24
Inventory Turnover Get a 7-Day Free Trial - 1.04 0.92 1.20 1.18

King Shing Industrial Co Inventory Turnover Calculation

King Shing Industrial Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=682.407 / ((347.321 + 350.068) / 2 )
=682.407 / 348.6945
=1.96

King Shing Industrial 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: Jun. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=407.983 / ((333.862 + 354.982) / 2 )
=407.983 / 344.422
=1.18

* 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.

King Shing Industrial Co  (ROCO:7732) 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.

King Shing Industrial 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
=344.422/407.983*365 / 2
=154.07

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.

King Shing Industrial 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 )
=344.422 / 635.011
=0.54

* 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.

King Shing Industrial Co Inventory Turnover Related Terms

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King Shing Industrial Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » King Shing Industrial Co Ltd (ROCO:7732) » Definitions » Inventory Turnover
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Traded in Other Exchanges
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Address
No. 3, Gongye 1st Road, Yongfeng Village, Pingzhen District, Taoyuan, TWN, 32461
Website
https://www.kingshing.com
King Shing Industrial Co Ltd is a company that specializes in the production of fans for automotive radiators and air conditioning units. It offers a portfolio of products such as Fan assy, Blower Timing Covers, DC motors, PWM & LIN modules, Injection parts, Stamping parts, Molding designs and Molding manufacturers.

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