Yieh United Steel (ROCO:9957) Inventory Turnover : 2.54 (As of Dec. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Yieh United Steel 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. Yieh United Steel's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$21,052 Mil. Yieh United Steel's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$8,297 Mil. Yieh United Steel's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yieh United Steel's Days Inventory for the six months ended in Dec. 2023 was 71.93.

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. Yieh United Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

Yieh United Steel Inventory Turnover Historical Data

The historical data trend for Yieh United Steel'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.

* Premium members only.

Yieh United Steel Inventory Turnover Chart

Yieh United Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.98

5.41

5.73

5.13

5.21

Yieh United Steel Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.17	2.58	2.27	2.80	2.54

Yieh United Steel Inventory Turnover Calculation

Yieh United Steel'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 )
=	45267.991	/ (	(9056.693	+	8326.725)	/	2 )
=	45267.991	/	8691.709
=	5.21

Yieh United Steel's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	21052.321	/ (	(8267.576	+	8326.725)	/	2 )
=	21052.321	/	8297.1505
=	2.54

Yieh United Steel (ROCO:9957) 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.

Yieh United Steel's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	8297.1505	/	21052.321	*	365 / 2
	=	71.93

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.

Yieh United Steel's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	8297.1505	/	19007.9
	=	0.44

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.

Yieh United Steel Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Yieh United Steel's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Yieh United Steel (ROCO:9957) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057

Website

http://www.yusco.com.tw

Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

Yieh United Steel (ROCO:9957) Headlines

No Headlines