Merida Industry Co (TPE:9914) Inventory Turnover: 0.54 (As of Dec. 2025)

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TPE:9914 Merida Industry Co Ltd TPE:9914
67 GF Score
Price NT$76.60
GF Value NT$136.20
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Merida Industry Co Inventory Turnover?

Merida Industry Co TPE:9914 +0.66% 67 Inventory Turnover is 0.54 as of Dec. 2025. GuruFocus rates TPE:9914 with a GF Score™ of 67/100 and a GF Value™ of NT$136.20 (Significantly Undervalued). The stock has 6 warning signs investors should review.

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. Merida Industry Co's Cost of Goods Sold for the three months ended in Dec. 2025 was NT$4,464 Mil. Merida Industry Co's Average Total Inventories for the quarter that ended in Dec. 2025 was NT$8,318 Mil. Merida Industry Co's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Merida Industry Co's Days Inventory for the three months ended in Dec. 2025 was 170.02.

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. Merida Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 1.68.

Merida Industry Co  (TPE:9914) 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.

Merida Industry Co's Days Inventory for the three months ended in Dec. 2025 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2025 )/Cost of Goods Sold (Q: Dec. 2025 )*Days in Period
=8318.024/4464.359*365 / 4
=170.02

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.

Merida Industry Co's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2025 ) / Revenue (Q: Dec. 2025 )
=8318.024 / 4961.591
=1.68

* 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.

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.

Merida Industry Co Inventory Turnover Related Terms

Merida Industry Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Merida Industry 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.

Merida Industry Co Inventory Turnover Chart

Merida Industry Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.98 3.41 2.24 2.40 2.40

Merida Industry Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.49 0.62 0.65 0.74 0.54
TPE:9914
67GF Score
Merida Industry Co Ltd TPE:9914
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Merida Industry Co Inventory Turnover Calculation

Merida Industry Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=22984.581 / ((10720.853 + 8469.139) / 2 )
=22984.581 / 9594.996
=2.40

Merida Industry Co's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover (Q: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2025 ) / ((Total Inventories (Q: Sep. 2025 ) + Total Inventories (Q: Dec. 2025 )) / count )
=4464.359 / ((8166.909 + 8469.139) / 2 )
=4464.359 / 8318.024
=0.54

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.54 mean?
Merida Industry Co (TPE:9914) has a Inventory Turnover of 0.54 as of Dec. 2025. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Merida Industry Co and its competitors.
Is Merida Industry Co's Inventory Turnover too high?
Merida Industry Co's current Inventory Turnover is 0.54. Overall, Merida Industry Co has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merida Industry Co's Inventory Turnover compare to AS and HAS?
Merida Industry Co's Inventory Turnover of 0.54 can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Travel & Leisure company?
A good Inventory Turnover depends on the Travel & Leisure industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Merida Industry Co and its competitors. Merida Industry Co's current Inventory Turnover is 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merida Industry Co stock overvalued right now?
Based on GuruFocus' analysis, Merida Industry Co (TPE:9914) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$136.20, compared to a current price of NT$76.60 — trading 43.8% below its estimated fair value. The current Inventory Turnover is 0.54. Merida Industry Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Merida Industry Co (TPE:9914), the current Inventory Turnover is 0.54 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Merida Industry Co (TPE:9914) Overvalued in 2026?

Based on GuruFocus' analysis, Merida Industry Co stock appears to be undervalued. The current stock price of NT$76.60 is trading 43.8% below its estimated GF Value™ of NT$136.20. GuruFocus considers Merida Industry Co to be Significantly Undervalued.

Key valuation signals for TPE:9914:

  • Inventory Turnover: 0.54
  • GF Value™: NT$136.20 vs. price of NT$76.60 (43.8% below fair value)
  • GF Score™: 67/100 with 6 warning signs

No single metric tells the full story. See the TPE:9914 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Merida Industry Co Business Description

Address No. 116, Meigang Road, Dacun Township, Changhua County, Yuanlin, TWN
Merida Industry Co Ltd is a manufacturer and distributor of bicycles and bicycle-related components, domiciled in Taiwan. The company produces bicycles for both recreational and professional use. Products include mountain bicycles, road and racing bicycles, bicycle motocross, or BMX, folding bicycles, children and youth bicycles, electric bicycles, helmets, components, and related parts and accessories. It distributes bicycles and components both domestically and internationally, and products are largely sold under the Merida brand name.
67GF Score

Get the complete analysis for TPE:9914

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$76.60
Price
NT$136.20
GF Value