Radiant Opto-Electronics (TPE:6176) Inventory Turnover : 5.19 (As of Mar. 2024)

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What is Radiant Opto-Electronics 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. Radiant Opto-Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8,714 Mil. Radiant Opto-Electronics's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,678 Mil. Radiant Opto-Electronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Radiant Opto-Electronics's Days Inventory for the three months ended in Mar. 2024 was 17.57.

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. Radiant Opto-Electronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Radiant Opto-Electronics Inventory Turnover Historical Data

The historical data trend for Radiant Opto-Electronics'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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Radiant Opto-Electronics Inventory Turnover Chart

Radiant Opto-Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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20.64

15.85

13.93

13.80

13.02

Radiant Opto-Electronics 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															2.56	4.51	4.77	4.85	5.19

Radiant Opto-Electronics Inventory Turnover Calculation

Radiant Opto-Electronics'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 )
=	35210.978	/ (	(3593.81	+	1814.334)	/	2 )
=	35210.978	/	2704.072
=	13.02

Radiant Opto-Electronics'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 )
=	8714.214	/ (	(1814.334	+	1541.518)	/	2 )
=	8714.214	/	1677.926
=	5.19

Radiant Opto-Electronics (TPE:6176) 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.

Radiant Opto-Electronics'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
	=	1677.926	/	8714.214	*	365 / 4
	=	17.57

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.

Radiant Opto-Electronics'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 )
	=	1677.926	/	10827.18
	=	0.15

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.

Radiant Opto-Electronics Inventory Turnover Related Terms

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Radiant Opto-Electronics (TPE:6176) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Radiant Opto-Electronics Corp (TPE:6176) » Definitions » Inventory Turnover

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Address

No. 1, Central 6th Road, Qianzhen District, Kaohsiung City, TWN

Website

https://www.radiant.com.tw

Radiant Opto-Electronics Corp is a Taiwan-based company that is principally engaged in designing, manufacturing, assembling, and marketing backlight modules. The Group has two reportable segments: the domestic segment and Mainland China segment. The domestic segment engages in the manufacture and sale of light guide plates, backlight modules for LCDs, and lighting component. The Mainland China segment uses the technologies provided by the domestic segment to develop new designs of products according to the demands of various customers. Majority of revenue is generated from Mainland China.

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