Hiwin Technologies (TPE:2049) Inventory Turnover : 0.53 (As of Mar. 2024)

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What is Hiwin Technologies 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. Hiwin Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,917 Mil. Hiwin Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$7,408 Mil. Hiwin Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hiwin Technologies's Days Inventory for the three months ended in Mar. 2024 was 172.56.

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. Hiwin Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.35.

Hiwin Technologies Inventory Turnover Historical Data

The historical data trend for Hiwin Technologies'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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Hiwin Technologies Inventory Turnover Chart

Hiwin Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.63

2.25

2.40

2.16

2.07

Hiwin Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.51	0.52	0.54	0.53

Hiwin Technologies Inventory Turnover Calculation

Hiwin Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	16977.522	/ (	(8937.842	+	7489.605)	/	2 )
=	16977.522	/	8213.7235
=	2.07

Hiwin Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3917.267	/ (	(7489.605	+	7325.772)	/	2 )
=	3917.267	/	7407.6885
=	0.53

Hiwin Technologies (TPE:2049) 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.

Hiwin Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	7407.6885	/	3917.267	*	365 / 4
	=	172.56

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.

Hiwin Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7407.6885	/	5506.465
	=	1.35

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.

Hiwin Technologies Inventory Turnover Related Terms

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Hiwin Technologies (TPE:2049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Technologies Corp (TPE:2049) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Jingke Road, Taichung Precision Machinery Park, Taichung, TWN, 408225

Website

https://www.hiwin.tw

Hiwin Technologies Corp manufactures linear guideways used in precision positioning, guiding, and measuring applications. Other products include ball screws for industrial machinery, which turn rotary motion into linear motion, and linear actuators utilizing a gear system to transform motor-powered rotary movement into linear movement. The end market for Hiwin is Taiwan, followed by smaller markets in Germany, Japan, and the United States. The Group's reportable segments are linear guideways, ballscrews and others. Majority of revenue is generated from Linear guideways segment.

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