Syntec Technology Co (ROCO:7750) Inventory Turnover : 1.11 (As of Dec. 2024)

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What is Syntec Technology 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. Syntec Technology Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$1,519 Mil. Syntec Technology Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1,373 Mil. Syntec Technology Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Syntec Technology Co's Days Inventory for the three months ended in Dec. 2024 was 82.51.

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. Syntec Technology Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.51.

Syntec Technology Co Inventory Turnover Historical Data

The historical data trend for Syntec Technology 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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Syntec Technology Co Inventory Turnover Chart

Syntec Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.16

3.08

3.66

3.76

4.73

Syntec Technology Co Quarterly Data
	Dec19	Dec20	Dec21	Dec22	Sep23	Dec23	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial				0.86	0.99	-	0.99	1.11

Syntec Technology Co Inventory Turnover Calculation

Syntec Technology Co'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 )
=	6068.459	/ (	(1257.658	+	1310.736)	/	2 )
=	6068.459	/	1284.197
=	4.73

Syntec Technology Co'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 )
=	1518.716	/ (	(1435.801	+	1310.736)	/	2 )
=	1518.716	/	1373.2685
=	1.11

Syntec Technology Co (ROCO:7750) 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.

Syntec Technology Co'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
	=	1373.2685	/	1518.716	*	365 / 4
	=	82.51

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.

Syntec Technology Co'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 )
	=	1373.2685	/	2672.061
	=	0.51

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.

Syntec Technology Co Inventory Turnover Related Terms

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Syntec Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Syntec Technology Co Ltd (ROCO:7750) » Definitions » Inventory Turnover

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Address

No.25, Yanfa 2nd Road, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.syntecclub.com

Syntec Technology Co Ltd is a Company engaged in the research and development of software and hardware technologies for machine tool controllers, focusing on the field of motion control. The main products includes machine tool CNC systems, servo drives, servo motors, automation machines, etc., targeting metal processing, woodworking, laser and other industries. Its core business covers such as industrial robots, machine tool networking products, automation system integration, various electromechanical modules and smart manufacturing peripheral accessories to help companies improve Production efficiency and product quality promotes industrial upgrading.

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