TST Group Holding (TPE:4439) Inventory Turnover : 1.29 (As of Mar. 2024)

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What is TST Group Holding 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. TST Group Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,113 Mil. TST Group Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$862 Mil. TST Group Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TST Group Holding's Days Inventory for the three months ended in Mar. 2024 was 70.69.

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. TST Group Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

TST Group Holding Inventory Turnover Historical Data

The historical data trend for TST Group Holding'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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TST Group Holding Inventory Turnover Chart

TST Group Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.17

5.14

5.40

4.93

4.51

TST Group Holding 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															1.18	1.40	1.37	1.02	1.29

TST Group Holding Inventory Turnover Calculation

TST Group Holding'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 )
=	3948.097	/ (	(942.687	+	806.923)	/	2 )
=	3948.097	/	874.805
=	4.51

TST Group Holding'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 )
=	1113.174	/ (	(806.923	+	917.714)	/	2 )
=	1113.174	/	862.3185
=	1.29

TST Group Holding (TPE:4439) 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.

TST Group Holding'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
	=	862.3185	/	1113.174	*	365 / 4
	=	70.69

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.

TST Group Holding'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 )
	=	862.3185	/	1390.913
	=	0.62

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.

TST Group Holding Inventory Turnover Related Terms

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TST Group Holding (TPE:4439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » TST Group Holding Ltd (TPE:4439) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 178, Section 2, Nanjing East Road, 7th Floor, Zhongshan District, Taipei, TWN, 104

Website

http://www.tstco.com.hk

TST Group Holding Ltd is engaged in manufacturing, trading, and processing of fabrics of readymade garments and others. The company's products are raw materials such as greige and colored fabrics for the midstream and upstream of the textile industry. The company's geographical segment includes China including Hong Kong; Cambodia and Vietnam. The company derives a majority of revenue from China including Hong Kong.

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