Actron Technology (ROCO:8255) Inventory Turnover : 1.07 (As of Mar. 2024)

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What is Actron Technology 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. Actron Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,299 Mil. Actron Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,212 Mil. Actron Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Actron Technology's Days Inventory for the three months ended in Mar. 2024 was 85.13.

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. Actron Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Actron Technology Inventory Turnover Historical Data

The historical data trend for Actron Technology'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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Actron Technology Inventory Turnover Chart

Actron Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.34

4.32

4.40

3.90

4.23

Actron Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.95	0.99	1.03	1.03	1.07

Actron Technology Inventory Turnover Calculation

Actron Technology'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 )
=	4270.676	/ (	(800.048	+	1217.42)	/	2 )
=	4270.676	/	1008.734
=	4.23

Actron Technology's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1299.198	/ (	(1217.42	+	1206.762)	/	2 )
=	1299.198	/	1212.091
=	1.07

Actron Technology (ROCO:8255) 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.

Actron Technology's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1212.091	/	1299.198	*	365 / 4
	=	85.13

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.

Actron Technology's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1212.091	/	1760.124
	=	0.69

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.

Actron Technology Inventory Turnover Related Terms

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Actron Technology (ROCO:8255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Actron Technology Corp (ROCO:8255) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Nankan Road, 1F, No 22 ,Section 2, Luzhu District, Taoyuan, TWN

Website

http://www.actron.com.tw

Actron Technology Corp operates in the business of automotive diode. It supplies automotive diodes to the countries and specializes in automotive diode, alternator, regulator, and ABS(Anti-lock Brake System) controls. Its products include Pressfit Diode, Dish Diode, Low Loss Diode, Button Diode, and other Diode. The majority of the revenue is generated from the sales of the Pressfit Diode.

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