KNH Enterprise Co (TPE:9919) Inventory Turnover : 0.87 (As of Mar. 2024)

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What is KNH Enterprise 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. KNH Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$629 Mil. KNH Enterprise Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$725 Mil. KNH Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KNH Enterprise Co's Days Inventory for the three months ended in Mar. 2024 was 105.22.

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. KNH Enterprise Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.01.

KNH Enterprise Co Inventory Turnover Historical Data

The historical data trend for KNH Enterprise 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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KNH Enterprise Co Inventory Turnover Chart

KNH Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.82

3.51

3.09

3.12

3.29

KNH Enterprise 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															0.79	0.80	0.81	0.86	0.87

KNH Enterprise Co Inventory Turnover Calculation

KNH Enterprise 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 )
=	2812.133	/ (	(956.412	+	752.02)	/	2 )
=	2812.133	/	854.216
=	3.29

KNH Enterprise 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 )
=	629.169	/ (	(752.02	+	698.926)	/	2 )
=	629.169	/	725.473
=	0.87

KNH Enterprise Co (TPE:9919) 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.

KNH Enterprise 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
	=	725.473	/	629.169	*	365 / 4
	=	105.22

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.

KNH Enterprise 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 )
	=	725.473	/	718.797
	=	1.01

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.

KNH Enterprise Co Inventory Turnover Related Terms

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KNH Enterprise Co (TPE:9919) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » KNH Enterprise Co Ltd (TPE:9919) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 456, Xinyi Road, 27th Floor, Section 4, Xinyi District, Taipei, TWN, 11052

Website

https://www.knh.com.tw

KNH Enterprise Co Ltd is a Taiwan based company engages in the manufacturing and sale of household goods, non-woven fabric products, and machinery equipment. The company's operating segment includes Sanitary products and Others. It generates maximum revenue from the Sanitary products segment. Sanitary products segment includes manufacture and sale of maternity and child hygiene products, health care products, breathing mask and medical dressing products, non-woven fabric products.

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