Tai Tung Communication Co (TPE:8011) Inventory Turnover : 0.25 (As of Mar. 2024)

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What is Tai Tung Communication 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. Tai Tung Communication Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$219 Mil. Tai Tung Communication Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$877 Mil. Tai Tung Communication Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.25.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tai Tung Communication Co's Days Inventory for the three months ended in Mar. 2024 was 365.09.

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. Tai Tung Communication Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.80.

Tai Tung Communication Co Inventory Turnover Historical Data

The historical data trend for Tai Tung Communication 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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Tai Tung Communication Co Inventory Turnover Chart

Tai Tung Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.68

1.55

2.17

2.82

2.89

Tai Tung Communication 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															0.38	0.57	0.57	0.82	0.25

Tai Tung Communication Co Inventory Turnover Calculation

Tai Tung Communication 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 )
=	1718.506	/ (	(468.572	+	721.923)	/	2 )
=	1718.506	/	595.2475
=	2.89

Tai Tung Communication 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 )
=	219.271	/ (	(721.923	+	1032.679)	/	2 )
=	219.271	/	877.301
=	0.25

Tai Tung Communication Co (TPE:8011) 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.

Tai Tung Communication 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
	=	877.301	/	219.271	*	365 / 4
	=	365.09

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.

Tai Tung Communication 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 )
	=	877.301	/	313.265
	=	2.80

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.

Tai Tung Communication Co Inventory Turnover Related Terms

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Tai Tung Communication Co (TPE:8011) Business Description

Industry

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Traded in Other Exchanges

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Address

9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN

Website

https://www.ttcc.com.tw

Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

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