Winstar Display Co (TPE:6916) Inventory Turnover : 1.35 (As of Sep. 2024)

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What is Winstar Display 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. Winstar Display Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$417 Mil. Winstar Display Co's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$308 Mil. Winstar Display Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Winstar Display Co's Days Inventory for the three months ended in Sep. 2024 was 67.54.

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. Winstar Display Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.54.

Winstar Display Co Inventory Turnover Historical Data

The historical data trend for Winstar Display 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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Winstar Display Co Inventory Turnover Chart

Winstar Display Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

4.77

4.16

3.89

3.86

3.64

Winstar Display Co Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial										1.01	1.03	1.12	1.25	1.35

Winstar Display Co Inventory Turnover Calculation

Winstar Display 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 )
=	1652.635	/ (	(581.938	+	326.831)	/	2 )
=	1652.635	/	454.3845
=	3.64

Winstar Display 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 )
=	416.65	/ (	(317.596	+	299.2)	/	2 )
=	416.65	/	308.398
=	1.35

Winstar Display Co (TPE:6916) 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.

Winstar Display 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
	=	308.398	/	416.65	*	365 / 4
	=	67.54

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.

Winstar Display 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 )
	=	308.398	/	567.29
	=	0.54

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.

Winstar Display Co Inventory Turnover Related Terms

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Winstar Display Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

No. 43, Keya Road, 2nd Floor, Daya District, Taichung City, TWN, 428

Website

https://www.winstar.com.tw

Winstar Display Co Ltd engages in the manufacturing and development of Industrial LCD Displays including monochrome, various display modules, and System Integrated Solutions. It offers a wide range of standard and total/semi-custom design LCD module displays and PMOLED display modules. The company's operating revenue mainly comes from the production and sales of LCD modules and OLED display modules. Its LCM modules product lines include monochrome TN/STN/FSTN character module LCD and graphic LCD modules, COG LCD, FSC-LCD, VATN LCM module. The company's reportable segments consist of Domestic operations, covering production and sales within the domestic region; Asian operations, encompassing production and sales in Asia; and Others, comprising sales in additional areas.

Winstar Display Co Headlines

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