Chung Hwa Pulp (TPE:1905) Inventory Turnover: 0.45 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:1905 Chung Hwa Pulp Corp TPE:1905
63 GF Score
Price NT$14.35
GF Value NT$17.30
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is Chung Hwa Pulp Inventory Turnover?

Chung Hwa Pulp TPE:1905 -3.04% 63 Inventory Turnover is 0.45 as of Dec. 2025. GuruFocus rates TPE:1905 with a GF Score™ of 63/100 and a GF Value™ of NT$17.30 (Modestly Undervalued). The stock has 11 warning signs investors should review.

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. Chung Hwa Pulp's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$4,467 Mil. Chung Hwa Pulp's Average Total Inventories for the quarter that ended in Dec. 2025 was NT$9,978 Mil. Chung Hwa Pulp's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chung Hwa Pulp's Days Inventory for the three months ended in Dec. 2025 was 203.83.

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. Chung Hwa Pulp's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 2.14.

Chung Hwa Pulp  (TPE:1905) 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.

Chung Hwa Pulp's Days Inventory for the three months ended in Dec. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=9977.7695/4466.82*365 / 4
=203.83

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.

Chung Hwa Pulp's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=9977.7695 / 4673.213
=2.14

* 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.

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.

Chung Hwa Pulp Inventory Turnover Related Terms

Chung Hwa Pulp Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Chung Hwa Pulp'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.

Chung Hwa Pulp Inventory Turnover Chart

Chung Hwa Pulp Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.69 2.68 2.32 2.04 1.82

Chung Hwa Pulp Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.46 0.45 0.47 0.45
TPE:1905
63GF Score
Chung Hwa Pulp Corp TPE:1905
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chung Hwa Pulp Inventory Turnover Calculation

Chung Hwa Pulp's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=18261.178 / ((10041.218 + 10066.843) / 2 )
=18261.178 / 10054.0305
=1.82

Chung Hwa Pulp's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover (Q: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2025 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count )
=4466.82 / ((9888.696 + 10066.843) / 2 )
=4466.82 / 9977.7695
=0.45

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.45 mean?
Chung Hwa Pulp (TPE:1905) has a Inventory Turnover of 0.45 as of Dec. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Chung Hwa Pulp and its competitors.
Is Chung Hwa Pulp's Inventory Turnover too high?
Chung Hwa Pulp's current Inventory Turnover is 0.45. Overall, Chung Hwa Pulp has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chung Hwa Pulp's Inventory Turnover compare to competitors?
Chung Hwa Pulp's Inventory Turnover of 0.45 can be compared against companies in the Forest Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Forest Products company?
A good Inventory Turnover depends on the Forest Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Chung Hwa Pulp and its competitors. Chung Hwa Pulp's current Inventory Turnover is 0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chung Hwa Pulp stock overvalued right now?
Based on GuruFocus' analysis, Chung Hwa Pulp (TPE:1905) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.30, compared to a current price of NT$14.35 — trading 17.1% below its estimated fair value. The current Inventory Turnover is 0.45. Chung Hwa Pulp's overall GF Score™ is 63/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Chung Hwa Pulp (TPE:1905), the current Inventory Turnover is 0.45 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chung Hwa Pulp (TPE:1905) Overvalued in 2026?

Based on GuruFocus' analysis, Chung Hwa Pulp stock appears to be undervalued. The current stock price of NT$14.35 is trading 17.1% below its estimated GF Value™ of NT$17.30. GuruFocus considers Chung Hwa Pulp to be Modestly Undervalued.

Key valuation signals for TPE:1905:

  • Inventory Turnover: 0.45
  • GF Value™: NT$17.30 vs. price of NT$14.35 (17.1% below fair value)
  • GF Score™: 63/100 with 11 warning signs

No single metric tells the full story. See the TPE:1905 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chung Hwa Pulp Business Description

Address No. 51, Chongqing South Road, 12th Floor, Section 2, Taipei City, TWN
Chung Hwa Pulp Corp is engaged in the production and sale of pulp and paper. Its businesses include specialty paper, pulp, paper and paperboard, tape and other businesses. The Company operates through the Pulp and Fine Paper segment, which generates maximum revenue, and the Forestry segment. Its activities include the manufacture and sale of cardboard, paper and pulp, as well as seedling cultivation and reforestation. Geographically, the Group operates in Taiwan and mainland China, with Taiwan generating maximum revenue.
63GF Score

Get the complete analysis for TPE:1905

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$14.35
Price
NT$17.30
GF Value