Wei Chih Steel Industrial Co (TPE:2028) Inventory Turnover : 0.53 (As of Dec. 2024)

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What is Wei Chih Steel Industrial 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. Wei Chih Steel Industrial Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$2,267 Mil. Wei Chih Steel Industrial Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$4,285 Mil. Wei Chih Steel Industrial Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wei Chih Steel Industrial Co's Days Inventory for the three months ended in Dec. 2024 was 172.45.

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. Wei Chih Steel Industrial Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.82.

Wei Chih Steel Industrial Co Inventory Turnover Historical Data

The historical data trend for Wei Chih Steel Industrial 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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Wei Chih Steel Industrial Co Inventory Turnover Chart

Wei Chih Steel Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.92

4.28

3.96

3.47

2.63

Wei Chih Steel Industrial 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															0.89	0.85	0.70	0.55	0.53

Wei Chih Steel Industrial Co Inventory Turnover Calculation

Wei Chih Steel Industrial 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 )
=	9639.304	/ (	(3024.507	+	4296.828)	/	2 )
=	9639.304	/	3660.6675
=	2.63

Wei Chih Steel Industrial 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 )
=	2267.278	/ (	(4272.975	+	4296.828)	/	2 )
=	2267.278	/	4284.9015
=	0.53

Wei Chih Steel Industrial Co (TPE:2028) 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.

Wei Chih Steel Industrial 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
	=	4284.9015	/	2267.278	*	365 / 4
	=	172.45

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.

Wei Chih Steel Industrial 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 )
	=	4284.9015	/	2359.376
	=	1.82

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.

Wei Chih Steel Industrial Co Inventory Turnover Related Terms

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Wei Chih Steel Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Wei Chih Steel Industrial Co Ltd (TPE:2028) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.123, NanBu Village, Guantian District, Tainan, TWN

Website

http://www.weichih.com.tw

Wei Chih Steel Industrial Co Ltd manufactures and markets steel bars and rods, steel billets, wire rods, and other steel products. The company offers reinforced and deformed steel bars which are used in general construction and building structure applications. The Company operates a single industry only, mainly for the steel process and manufacture of steel bars, bar steels, billet steel, and wire rods.

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