Sixxon Tech Co (TPE:4569) Inventory Turnover : 1.05 (As of Sep. 2024)

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What is Sixxon Tech 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. Sixxon Tech Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$290 Mil. Sixxon Tech Co's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$278 Mil. Sixxon Tech Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sixxon Tech Co's Days Inventory for the three months ended in Sep. 2024 was 87.24.

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. Sixxon Tech Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.71.

Sixxon Tech Co Inventory Turnover Historical Data

The historical data trend for Sixxon Tech 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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Sixxon Tech Co Inventory Turnover Chart

Sixxon Tech Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.51

4.72

3.69

3.70

Sixxon Tech Co Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial								0.86	1.05	1.18	1.04	1.05

Sixxon Tech Co Inventory Turnover Calculation

Sixxon Tech Co'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 )
=	983.841	/ (	(294.32	+	237.449)	/	2 )
=	983.841	/	265.8845
=	3.70

Sixxon Tech Co'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 )
=	290.425	/ (	(257.121	+	298.201)	/	2 )
=	290.425	/	277.661
=	1.05

Sixxon Tech Co (TPE:4569) 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.

Sixxon Tech Co'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
	=	277.661	/	290.425	*	365 / 4
	=	87.24

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.

Sixxon Tech Co'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 )
	=	277.661	/	388.715
	=	0.71

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.

Sixxon Tech Co Inventory Turnover Related Terms

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Sixxon Tech Co Business Description

Industry

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Traded in Other Exchanges

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Address

No. 189, Section 2, Keelung Road, 110-2, 4th Floor, Xinyi District, Taipei City, TWN

Website

https://www.sixxontech.com

Sixxon Tech Co Ltd is a product solutions company providing comprehensive design, manufacturing, supply chain, and product management services. Its main business is the design, manufacturing, processing, and sales of precision metal parts and components of automotive, industrial applications, electronics, and medical products. The company uses 3D design software as development aids for metal raw materials such as copper, aluminum, titanium alloys, steel, and stainless steel, and complex multi-axis machines to enable Various metal materials to be processed in a single machine; and through on-site monitoring software.

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