Solytech Enterprise (TPE:1471) Inventory Turnover : 1.21 (As of Dec. 2024)

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What is Solytech Enterprise 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. Solytech Enterprise's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$62.7 Mil. Solytech Enterprise's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$51.9 Mil. Solytech Enterprise's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solytech Enterprise's Days Inventory for the three months ended in Dec. 2024 was 75.63.

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. Solytech Enterprise's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.70.

Solytech Enterprise Inventory Turnover Historical Data

The historical data trend for Solytech Enterprise'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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Solytech Enterprise Inventory Turnover Chart

Solytech Enterprise Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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11.40

3.04

2.43

3.35

4.00

Solytech Enterprise Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.00	0.75	1.13	1.20	1.21

Solytech Enterprise Inventory Turnover Calculation

Solytech Enterprise'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 )
=	244.645	/ (	(66.282	+	55.922)	/	2 )
=	244.645	/	61.102
=	4.00

Solytech Enterprise'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 )
=	62.654	/ (	(47.936	+	55.922)	/	2 )
=	62.654	/	51.929
=	1.21

Solytech Enterprise (TPE:1471) 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.

Solytech Enterprise'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
	=	51.929	/	62.654	*	365 / 4
	=	75.63

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.

Solytech Enterprise'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 )
	=	51.929	/	74.576
	=	0.70

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.

Solytech Enterprise Inventory Turnover Related Terms

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Solytech Enterprise Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solytech Enterprise Corp (TPE:1471) » Definitions » Inventory Turnover

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Address

No.18 Wuquan 7th Road, 3rf Floor, Wugu District, New Taipei City, TWN, 248

Website

https://www.soly-tech.com

Solytech Enterprise Corp is engaged in manufacturing and selling power supplies, computer cases, and electronic components. The company derives the majority of its revenue from PC power supply suppliers and computer case products. Geographically, Its main source of revenue is in mainland China, and it also has a presence in the United States, Taiwan, and other countries.

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