Hsin Tai Gas (ROCO:8917) Inventory Turnover : 7.71 (As of Sep. 2024)

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What is Hsin Tai Gas 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. Hsin Tai Gas's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$504 Mil. Hsin Tai Gas's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$65 Mil. Hsin Tai Gas's Inventory Turnover for the quarter that ended in Sep. 2024 was 7.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hsin Tai Gas's Days Inventory for the three months ended in Sep. 2024 was 11.84.

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. Hsin Tai Gas's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.10.

Hsin Tai Gas Inventory Turnover Historical Data

The historical data trend for Hsin Tai Gas'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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Hsin Tai Gas Inventory Turnover Chart

Hsin Tai Gas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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31.50

31.08

34.07

34.66

31.53

Hsin Tai Gas Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															7.06	8.29	8.82	7.82	7.71

Hsin Tai Gas Inventory Turnover Calculation

Hsin Tai Gas'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 )
=	2013.262	/ (	(64.336	+	63.366)	/	2 )
=	2013.262	/	63.851
=	31.53

Hsin Tai Gas's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	503.561	/ (	(62.799	+	67.862)	/	2 )
=	503.561	/	65.3305
=	7.71

Hsin Tai Gas (ROCO:8917) 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.

Hsin Tai Gas's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	65.3305	/	503.561	*	365 / 4
	=	11.84

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.

Hsin Tai Gas's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	65.3305	/	625.328
	=	0.10

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.

Hsin Tai Gas Inventory Turnover Related Terms

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Hsin Tai Gas Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Hsin Tai Gas Corp (ROCO:8917) » Definitions » Inventory Turnover

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Address

No. 221, Section 2, Zhonghua Road, Tucheng District, New Taipei City, TWN

Website

https://www.htgas.com.tw

Hsin Tai Gas Corp is engaged in natural gas supply, natural gas transmission system construction, sale and installation of gas meters, and office building rental business. The company provides natural gas mainly to families, government organizations, and other areas. It operates its business mainly in New Taipei City.

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