Mirle Automation Co (TPE:2464) Inventory Turnover : 1.79 (As of Dec. 2024)

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What is Mirle Automation 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. Mirle Automation Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$1,791 Mil. Mirle Automation Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$998 Mil. Mirle Automation Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mirle Automation Co's Days Inventory for the three months ended in Dec. 2024 was 50.84.

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. Mirle Automation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.47.

Mirle Automation Co Inventory Turnover Historical Data

The historical data trend for Mirle Automation 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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Mirle Automation Co Inventory Turnover Chart

Mirle Automation Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.79

5.29

5.75

5.70

6.14

Mirle Automation 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															1.53	1.33	1.59	1.94	1.79

Mirle Automation Co Inventory Turnover Calculation

Mirle Automation 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 )
=	6125.314	/ (	(913.516	+	1081.406)	/	2 )
=	6125.314	/	997.461
=	6.14

Mirle Automation 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 )
=	1790.785	/ (	(913.991	+	1081.406)	/	2 )
=	1790.785	/	997.6985
=	1.79

Mirle Automation Co (TPE:2464) 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.

Mirle Automation 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
	=	997.6985	/	1790.785	*	365 / 4
	=	50.84

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.

Mirle Automation 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 )
	=	997.6985	/	2142.879
	=	0.47

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.

Mirle Automation Co Inventory Turnover Related Terms

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Mirle Automation Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirle Automation Co Ltd (TPE:2464) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No.3, R&D Road II, Science Park, Hsinchu, TWN, 30076

Website

https://www.mirle.com.tw

Mirle Automation Co Ltd is engaged in automation system integrators and related product manufacturers. The corporation is mainly engaged in the business of automation equipment systems and its components various parking facilities, medical equipment, and the design, development, production, and sale of the automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases that are used in automation equipment. Moreover, the corporation also provides construction planning, installation, consulting, and maintenance services for the above products.

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