HiTi Digital (TPE:3494) Inventory Turnover : 0.78 (As of Dec. 2024)

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What is HiTi Digital 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. HiTi Digital's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$174.3 Mil. HiTi Digital's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$223.6 Mil. HiTi Digital's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HiTi Digital's Days Inventory for the three months ended in Dec. 2024 was 117.07.

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. HiTi Digital's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.07.

HiTi Digital Inventory Turnover Historical Data

The historical data trend for HiTi Digital'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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HiTi Digital Inventory Turnover Chart

HiTi Digital Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.56

1.24

1.65

2.21

3.22

HiTi Digital 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															0.67	0.72	0.84	1.07	0.78

HiTi Digital Inventory Turnover Calculation

HiTi Digital'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 )
=	763.777	/ (	(246.581	+	227.922)	/	2 )
=	763.777	/	237.2515
=	3.22

HiTi Digital'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 )
=	174.3	/ (	(219.303	+	227.922)	/	2 )
=	174.3	/	223.6125
=	0.78

HiTi Digital (TPE:3494) 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.

HiTi Digital'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
	=	223.6125	/	174.3	*	365 / 4
	=	117.07

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.

HiTi Digital'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 )
	=	223.6125	/	208.93
	=	1.07

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.

HiTi Digital Inventory Turnover Related Terms

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HiTi Digital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HiTi Digital Inc (TPE:3494) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

7th Floor, No.203, Section 3, Beixin Road, Xindian District, New Taipei City, TWN, 231030

Website

https://www.hiti.com

HiTi Digital Inc is engaged as a manufacturer and supplier of digital photo products and services. The company offers professional printing services, personal printing services, and accessories like photo printers, card printers, and portable printers. The Company's revenue from the sale of goods comes from sales of leisure goods and electronic equipment.

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