Changing Information Technology (ROCO:8272) Inventory Turnover : 20.06 (As of Dec. 2024)

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What is Changing Information 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. Changing Information Technology's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$29.8 Mil. Changing Information Technology's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1.5 Mil. Changing Information Technology's Inventory Turnover for the quarter that ended in Dec. 2024 was 20.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Changing Information Technology's Days Inventory for the three months ended in Dec. 2024 was 4.55.

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. Changing Information Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.01.

Changing Information Technology Inventory Turnover Historical Data

The historical data trend for Changing Information 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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Changing Information Technology Inventory Turnover Chart

Changing Information Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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94.03

96.66

104.39

74.17

71.95

Changing Information Technology Quarterly Data
	Dec20	Dec21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial							19.19	16.68	32.29	18.30	20.06

Changing Information Technology Inventory Turnover Calculation

Changing Information Technology'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 )
=	99.76	/ (	(1.695	+	1.078)	/	2 )
=	99.76	/	1.3865
=	71.95

Changing Information Technology'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 )
=	29.788	/ (	(1.892	+	1.078)	/	2 )
=	29.788	/	1.485
=	20.06

Changing Information Technology (ROCO:8272) 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.

Changing Information Technology'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
	=	1.485	/	29.788	*	365 / 4
	=	4.55

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.

Changing Information Technology'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 )
	=	1.485	/	155.57
	=	0.01

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.

Changing Information Technology Inventory Turnover Related Terms

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Changing Information Technology Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Software » Changing Information Technology Inc (ROCO:8272) » Definitions » Inventory Turnover

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Address

2nd Floor, 48 Park Ave.2, Hsinchu Science Park, Hsinchu, TWN, 30844

Website

https://www.changingtec.com

Changing Information Technology Inc is a company focused on information security and identification authentication of users, transactions. The company's offerings include zero-trust digital authentication systems, Fintech security solutions, and digital transformation applications.

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