Eternal Materials Co (TPE:1717) Inventory Turnover : 1.03 (As of Dec. 2024)

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What is Eternal Materials Co 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. Eternal Materials Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$9,051 Mil. Eternal Materials Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$8,786 Mil. Eternal Materials Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eternal Materials Co's Days Inventory for the three months ended in Dec. 2024 was 88.57.

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. Eternal Materials Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.78.

Eternal Materials Co Inventory Turnover Historical Data

The historical data trend for Eternal Materials Co'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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Eternal Materials Co Inventory Turnover Chart

Eternal Materials Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.02

4.38

3.81

3.77

4.16

Eternal Materials Co 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															1.02	0.91	1.06	1.01	1.03

Eternal Materials Co Inventory Turnover Calculation

Eternal Materials Co'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 )
=	35366.648	/ (	(8478.672	+	8533.025)	/	2 )
=	35366.648	/	8505.8485
=	4.16

Eternal Materials Co'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 )
=	9051.213	/ (	(9038.489	+	8533.025)	/	2 )
=	9051.213	/	8785.757
=	1.03

Eternal Materials Co (TPE:1717) 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.

Eternal Materials Co'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
	=	8785.757	/	9051.213	*	365 / 4
	=	88.57

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.

Eternal Materials Co'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 )
	=	8785.757	/	11267.472
	=	0.78

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.

Eternal Materials Co Inventory Turnover Related Terms

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Eternal Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Eternal Materials Co Ltd (TPE:1717) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 578, Jiangong Road, Sanmin District, Kaohsiung, TWN, 807

Website

https://www.eternal-group.com

Eternal Materials Co Ltd manufactures and sells a variety of chemicals and chemical-based products in three categories. The synthetic resin category sells adhesive, fluorocarbon, polyester, polyurethane, and vinyl resins used in tapes, labels, stickers, household goods, paints, and solar panels. The specialty materials category sells silicone products used for ceramics, paints, and coatings as well as LED packaging materials used in televisions, iPads, laptops, and other electronics. The electronics materials category sells products used in printed circuit boards and flat panel displays. Eternal Materials sells its products in Asia and the United States.

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