Shinkong Synthetic Fiber (TPE:1409) Inventory Turnover : 1.29 (As of Sep. 2024)

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What is Shinkong Synthetic Fiber 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. Shinkong Synthetic Fiber's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$8,895 Mil. Shinkong Synthetic Fiber's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$6,900 Mil. Shinkong Synthetic Fiber's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shinkong Synthetic Fiber's Days Inventory for the three months ended in Sep. 2024 was 70.78.

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. Shinkong Synthetic Fiber's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.60.

Shinkong Synthetic Fiber Inventory Turnover Historical Data

The historical data trend for Shinkong Synthetic Fiber'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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Shinkong Synthetic Fiber Inventory Turnover Chart

Shinkong Synthetic Fiber Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.10

4.95

6.45

5.79

5.27

Shinkong Synthetic Fiber 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															1.43	1.33	1.40	1.44	1.29

Shinkong Synthetic Fiber Inventory Turnover Calculation

Shinkong Synthetic Fiber'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 )
=	31976.448	/ (	(6090.856	+	6034.038)	/	2 )
=	31976.448	/	6062.447
=	5.27

Shinkong Synthetic Fiber'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 )
=	8895.454	/ (	(6427.709	+	7372.944)	/	2 )
=	8895.454	/	6900.3265
=	1.29

Shinkong Synthetic Fiber (TPE:1409) 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.

Shinkong Synthetic Fiber'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
	=	6900.3265	/	8895.454	*	365 / 4
	=	70.78

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.

Shinkong Synthetic Fiber'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 )
	=	6900.3265	/	11412.956
	=	0.60

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.

Shinkong Synthetic Fiber Inventory Turnover Related Terms

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Shinkong Synthetic Fiber Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shinkong Synthetic Fiber Corp (TPE:1409) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 136, Ren Ai Road, Section 3, Lotus Building, 5th Floor, Da An District, Taipei, TWN, 10657

Website

http://www.shinkong.com.tw

Shinkong Synthetic Fiber Corp is a Taiwan-based company that is principally engaged in the production and distribution of chemical fiber products and plastic products. The company's chemical fiber products include polyester staple fibers, polyester filaments, industrial yarn, draw textured yarn, and others. The plastic products consist of polyester resin, bottle grade resin, PET bottle preforms, PET bottles, Engineering polymers, and PE sheets. The company generates the majority of its total revenue from chemical fiber products and plastic products. The company mainly conducts operations in Asia and Europe and generates the majority of its total revenue from the Asia market.

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