Shin Foong Specialty and Applied Materials Co (TPE:6582) Inventory Turnover : 1.38 (As of Mar. 2024)

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What is Shin Foong Specialty and Applied Materials 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. Shin Foong Specialty and Applied Materials Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$215.8 Mil. Shin Foong Specialty and Applied Materials Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$156.7 Mil. Shin Foong Specialty and Applied Materials Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Foong Specialty and Applied Materials Co's Days Inventory for the three months ended in Mar. 2024 was 66.26.

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. Shin Foong Specialty and Applied Materials Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Shin Foong Specialty and Applied Materials Co Inventory Turnover Historical Data

The historical data trend for Shin Foong Specialty and Applied Materials 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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Shin Foong Specialty and Applied Materials Co Inventory Turnover Chart

Shin Foong Specialty and Applied Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.94

7.68

8.61

3.67

4.11

Shin Foong Specialty and Applied Materials Co 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															0.86	1.08	1.05	1.64	1.38

Shin Foong Specialty and Applied Materials Co Inventory Turnover Calculation

Shin Foong Specialty and Applied Materials 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 )
=	872.982	/ (	(252.219	+	172.341)	/	2 )
=	872.982	/	212.28
=	4.11

Shin Foong Specialty and Applied Materials Co'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 )
=	215.802	/ (	(172.341	+	141.058)	/	2 )
=	215.802	/	156.6995
=	1.38

Shin Foong Specialty and Applied Materials Co (TPE:6582) 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.

Shin Foong Specialty and Applied Materials Co'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
	=	156.6995	/	215.802	*	365 / 4
	=	66.26

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.

Shin Foong Specialty and Applied Materials Co'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 )
	=	156.6995	/	211.88
	=	0.74

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.

Shin Foong Specialty and Applied Materials Co Inventory Turnover Related Terms

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Shin Foong Specialty and Applied Materials Co (TPE:6582) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shin Foong Specialty and Applied Materials Co (TPE:6582) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.55, Section 3, Zhongshan Road, Ping Tung, Fangliao, TWN, 80247

Website

https://www.shinfoong.com.tw

Shin Foong Specialty and Applied Materials Co is engaged in manufacturing synthetic SBR and NBR rubber latex. Its products are used in paper coating, adhesive for carpet, fabrics, wood, non-woven and innersole saturation, cement mortar, and glove dipping. Its products used in paper coating, carpet backing, non-woven and innersole saturation, veneer adhesion, and cement mortar.

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