Eastech Holding (TPE:5225) Inventory Turnover : 2.28 (As of Mar. 2024)

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What is Eastech 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. Eastech Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,328 Mil. Eastech Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,021 Mil. Eastech Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastech Holding's Days Inventory for the three months ended in Mar. 2024 was 40.01.

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. Eastech Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.37.

Eastech Holding Inventory Turnover Historical Data

The historical data trend for Eastech 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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Eastech Holding Inventory Turnover Chart

Eastech Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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14.88

8.94

6.90

9.54

8.96

Eastech 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															1.56	2.02	2.95	2.11	2.28

Eastech Holding Inventory Turnover Calculation

Eastech 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 )
=	8987.27	/ (	(1101.281	+	904.727)	/	2 )
=	8987.27	/	1003.004
=	8.96

Eastech 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 )
=	2328.404	/ (	(904.727	+	1137.127)	/	2 )
=	2328.404	/	1020.927
=	2.28

Eastech Holding (TPE:5225) 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.

Eastech 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
	=	1020.927	/	2328.404	*	365 / 4
	=	40.01

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.

Eastech 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 )
	=	1020.927	/	2763.011
	=	0.37

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.

Eastech Holding Inventory Turnover Related Terms

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Eastech Holding (TPE:5225) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eastech Holding Ltd (TPE:5225) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

8F-1, No. 188, Baoqiao Road, Xindian District, New Taipei City, TWN, 23145

Website

https://www.eastech.com

Eastech Holding Ltd is engaged in the design and manufacturing of acoustics, electronics, hardware, software, and systems engineering. Its transducers catalog covers standard design transducers, headphones and earphone transducers, scan-speak designed transducers, and others. The company offered products have applications in voice control products, Bluetooth systems, Wi-Fi systems, multi-channel sound systems, soundbar systems, active and passive speakers, home speakers, and headphones, among others. Geographically, the company operates in South Korea, Japan, China, Sweden, Denmark, and others and it derives a majority of its revenue from South Korea.

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