Taiwan Shin Kong Security Co (TPE:9925) Inventory Turnover : 5.94 (As of Dec. 2024)

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What is Taiwan Shin Kong Security 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. Taiwan Shin Kong Security Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$1,283 Mil. Taiwan Shin Kong Security Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$216 Mil. Taiwan Shin Kong Security Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 5.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taiwan Shin Kong Security Co's Days Inventory for the three months ended in Dec. 2024 was 15.35.

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. Taiwan Shin Kong Security Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.11.

Taiwan Shin Kong Security Co Inventory Turnover Historical Data

The historical data trend for Taiwan Shin Kong Security 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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Taiwan Shin Kong Security Co Inventory Turnover Chart

Taiwan Shin Kong Security Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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26.95

26.44

23.01

22.78

24.45

Taiwan Shin Kong Security Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															6.03	6.22	6.10	6.22	5.94

Taiwan Shin Kong Security Co Inventory Turnover Calculation

Taiwan Shin Kong Security Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	5121.678	/ (	(197.853	+	221.159)	/	2 )
=	5121.678	/	209.506
=	24.45

Taiwan Shin Kong Security Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	1283.159	/ (	(210.579	+	221.159)	/	2 )
=	1283.159	/	215.869
=	5.94

Taiwan Shin Kong Security Co (TPE:9925) 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.

Taiwan Shin Kong Security Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	215.869	/	1283.159	*	365 / 4
	=	15.35

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.

Taiwan Shin Kong Security Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	215.869	/	1967.862
	=	0.11

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.

Taiwan Shin Kong Security Co Inventory Turnover Related Terms

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Taiwan Shin Kong Security Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Taiwan Shin Kong Security Co Ltd (TPE:9925) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 128, Xing\'ai Road, Neihu District, Taipei, TWN

Website

https://www.sks.com.tw

Taiwan Shin Kong Security Co Ltd is a Taiwanese security systems provider. It is engaged in the design, sale, rental, installation, maintenance, repair, and inspection of fire prevention, burglary prevention, and fire protection apparatus, as well as the import and export of these products and the operation and investment of such businesses. The reportable segments of the company are the electronic services business, cash-in-transit business, stationed security business, and others. The majority of its revenue is generated from the electronic services segment which provides electronic security services.

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