TAIT (Taitron Components) Inventory Turnover : 0.24 (As of Sep. 2024)

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What is Taitron Components 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. Taitron Components's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.64 Mil. Taitron Components's Average Total Inventories for the quarter that ended in Sep. 2024 was $2.70 Mil. Taitron Components's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taitron Components's Days Inventory for the three months ended in Sep. 2024 was 388.21.

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. Taitron Components's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.28.

Taitron Components Inventory Turnover Historical Data

The historical data trend for Taitron Components'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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Taitron Components Inventory Turnover Chart

Taitron Components Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.91

0.96

1.03

0.88

0.82

Taitron Components 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															0.21	0.16	0.18	0.22	0.24

Taitron Components Inventory Turnover Calculation

Taitron Components'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 )
=	2.66	/ (	(3.9	+	2.597)	/	2 )
=	2.66	/	3.2485
=	0.82

Taitron Components'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 )
=	0.635	/ (	(2.405	+	2.998)	/	2 )
=	0.635	/	2.7015
=	0.24

Taitron Components (NAS:TAIT) 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.

Taitron Components'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
	=	2.7015	/	0.635	*	365 / 4
	=	388.21

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.

Taitron Components'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 )
	=	2.7015	/	1.187
	=	2.28

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.

Taitron Components Inventory Turnover Related Terms

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Taitron Components Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taitron Components Inc (NAS:TAIT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

28040 West Harrison Parkway, Valencia, CA, USA, 91355

Website

https://www.taitroncomponents.com

Taitron Components Inc is a supplier of originally designed and manufactured (ODM) products that include value-added engineering and turn-key solutions. It focuses on providing original equipment manufacturers (OEMs) and contracts electronic manufacturers (CEMs) with ODM products for their multi-year turn-key projects and ODM electronic components. The company's product offerings range from discrete semiconductors to small electronic devices. The company also distributes brand-name electronic components with a vast inventory available on hand. Its Taiwan and China locations provide support for inventory sourcing, purchases, and coordinating the manufacture of ODM Projects and ODM Components.

Executives

Chi-lin Chung	director	28040 WEST HARRISON PARKWAY, VALENCIA CA 91355
Craig Miller	director	15165 VENTURA BLVD, STE 425, SHERMAAN OAKS CA 91403
David Vanderhorst	officer: CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Stewart Wang	director, 10 percent owner, officer: President, CEO, CFO	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Tzu Sheng Ku	director, 10 percent owner, officer: Chairman	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355
Richard Chiang	director	28040 W HARRISON PKWY, VALENCIA CA 91355
Felix Sung	director	C/O TAITRON COMPONENTS, 28040 W HARRISON PKWY, VALENCIA CA 91355