Jet Optoelectronics Co (ROCO:2255) Total Inventories : NT$830 Mil (As of Dec. 2023)

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What is Jet Optoelectronics Co Total Inventories?

Jet Optoelectronics Co's total inventories for the quarter that ended in Dec. 2023 was NT$830 Mil. Jet Optoelectronics Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was NT$780 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Jet Optoelectronics Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-3.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Jet Optoelectronics Co's Days Inventory for the six months ended in Dec. 2023 was 167.56.

Inventory Turnover measures how fast the company turns over its inventory within a year. Jet Optoelectronics Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.09.

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. Jet Optoelectronics Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.

Jet Optoelectronics Co Total Inventories Historical Data

The historical data trend for Jet Optoelectronics Co's Total Inventories 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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Jet Optoelectronics Co Total Inventories Chart

Jet Optoelectronics Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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166.18

189.29

677.23

683.69

830.20

Jet Optoelectronics Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial					677.23	690.18	683.69	729.31	830.20

Jet Optoelectronics Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Jet Optoelectronics Co (ROCO:2255) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Jet Optoelectronics Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(822.387	+	0.75 * 189.334	+	0.5 * 830.195	-	1604.591
-	0	-	0)	/	60
=	-3.75

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Jet Optoelectronics Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	779.7525	/	849.26	*	365 / 2
	=	167.56

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Jet Optoelectronics Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	849.26	/	779.7525
	=	1.09

4. 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.

Jet Optoelectronics Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	779.7525	/	1032.054
	=	0.76

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Jet Optoelectronics Co Total Inventories Related Terms

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Jet Optoelectronics Co (ROCO:2255) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Jet Optoelectronics Co Ltd (ROCO:2255) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

300 Yangguang Street, Neihu District, 7th Floor, Taipei, TWN, 11491

Website

https://www.jet-opto.com.tw

Jet Optoelectronics Co Ltd is engaged in the automotive electronics industry. It is focused on manufacturing in-car display and rear-seat entertainment systems. The product portfolio of the company includes Seat Top systems, Gooseneck systems, Headrest systems. Connected cars and In-car cam among others.

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