Copartner Technology (TPE:3550) Inventory Turnover : 2.39 (As of Sep. 2024)

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What is Copartner Technology 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. Copartner Technology's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$775 Mil. Copartner Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$324 Mil. Copartner Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Copartner Technology's Days Inventory for the three months ended in Sep. 2024 was 38.15.

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. Copartner Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.38.

Copartner Technology Inventory Turnover Historical Data

The historical data trend for Copartner Technology'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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Copartner Technology Inventory Turnover Chart

Copartner Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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9.88

9.32

8.69

10.10

9.29

Copartner Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.53	3.01	2.14	2.28	2.39

Copartner Technology Inventory Turnover Calculation

Copartner Technology's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	3549.042	/ (	(429.851	+	334.179)	/	2 )
=	3549.042	/	382.015
=	9.29

Copartner Technology's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	774.582	/ (	(326.866	+	320.769)	/	2 )
=	774.582	/	323.8175
=	2.39

Copartner Technology (TPE:3550) 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.

Copartner Technology's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	323.8175	/	774.582	*	365 / 4
	=	38.15

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.

Copartner Technology's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	323.8175	/	846.38
	=	0.38

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.

Copartner Technology Inventory Turnover Related Terms

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Copartner Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Copartner Technology Corp (TPE:3550) » Definitions » Inventory Turnover

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Address

No. 16, Jianba 8th Road, 4th Floor, Zhonghe District, New Taipei City, TWN, 235

Website

http://en.copartner.com.tw

Copartner Technology Corp manufactures cable and wire products. It supplies products for the information, communications, and electronics industries. The company mainly engaged in production and sales segments which include signal transmission wires and wire sets, plastic pellets, and others. The majority of the revenue derives from the signal transmission wires and wire sets segment. It operates in Europe, America, Taiwan, and Asia.

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