China Electric Mfg (TPE:1611) Inventory Turnover : 0.45 (As of Dec. 2024)

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What is China Electric Mfg 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. China Electric Mfg's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$215 Mil. China Electric Mfg's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$482 Mil. China Electric Mfg's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Electric Mfg's Days Inventory for the three months ended in Dec. 2024 was 204.92.

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. China Electric Mfg's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.62.

China Electric Mfg Inventory Turnover Historical Data

The historical data trend for China Electric Mfg'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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China Electric Mfg Inventory Turnover Chart

China Electric Mfg Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.70

2.31

2.13

2.04

1.73

China Electric Mfg 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															0.60	0.41	0.44	0.37	0.45

China Electric Mfg Inventory Turnover Calculation

China Electric Mfg'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 )
=	806.535	/ (	(476.118	+	454.236)	/	2 )
=	806.535	/	465.177
=	1.73

China Electric Mfg'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 )
=	214.598	/ (	(509.618	+	454.236)	/	2 )
=	214.598	/	481.927
=	0.45

China Electric Mfg (TPE:1611) 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.

China Electric Mfg'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
	=	481.927	/	214.598	*	365 / 4
	=	204.92

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.

China Electric Mfg'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 )
	=	481.927	/	296.95
	=	1.62

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.

China Electric Mfg Inventory Turnover Related Terms

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China Electric Mfg Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China Electric Mfg Corp (TPE:1611) » Definitions » Inventory Turnover

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Address

No. 124, Xingshan Road, 2nd Floor, Neihu District, Taipei, TWN, 114763

Website

https://www.chinaelectric.com.tw

China Electric Mfg Corp is principally engaged in the manufacture, distribution, and trade of lighting products in Taiwan. Its products include fluorescent lamps, bulbs, halogen lamps, high-pressure discharge lamps, steam locomotive bulbs, office lighting, residential lighting, commercial lighting, outdoor lighting, special lighting, all kinds of ballast, solar panels, solar power systems, wind power System, LED, optical fiber and water heater.

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