Drewloong Precision (TPE:4572) Inventory Turnover : 0.23 (As of Jun. 2024)

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What is Drewloong Precision 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. Drewloong Precision's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$102.7 Mil. Drewloong Precision's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$450.0 Mil. Drewloong Precision's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Drewloong Precision's Days Inventory for the three months ended in Jun. 2024 was 399.76.

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. Drewloong Precision's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 2.11.

Drewloong Precision Inventory Turnover Historical Data

The historical data trend for Drewloong Precision'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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Drewloong Precision Inventory Turnover Chart

Drewloong Precision Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.51

0.78

0.87

1.05

1.09

Drewloong Precision Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.29	0.25	0.28	0.23

Drewloong Precision Inventory Turnover Calculation

Drewloong Precision'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 )
=	435.026	/ (	(385.174	+	413.086)	/	2 )
=	435.026	/	399.13
=	1.09

Drewloong Precision's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	102.712	/ (	(432.201	+	467.747)	/	2 )
=	102.712	/	449.974
=	0.23

Drewloong Precision (TPE:4572) 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.

Drewloong Precision's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	449.974	/	102.712	*	365 / 4
	=	399.76

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.

Drewloong Precision's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	449.974	/	212.886
	=	2.11

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.

Drewloong Precision Inventory Turnover Related Terms

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Drewloong Precision Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Drewloong Precision Inc (TPE:4572) » Definitions » Inventory Turnover

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Address

166 Bade 2nd Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.drewloong.com.tw

Drewloong Precision Inc is a Taiwan-based company that engages in the provision of precision parts and components internationally. It provides engineering and fabrication services of precision tooling, machined, sheet metal components, surface treatment, and assemblies for aerospace, electronics, automotive, industrial, and other high-tech industries. The company is involved in the fabrication of precision machined components for aerospace, shipbuilding, and industrial applications. Its product and service include fuselages, wings, stabilizers, aircraft sheet metal parts, and other products.

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