Top High Image (ROCO:3284) Total Inventories: NT$735.6 Mil (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ROCO:3284 Top High Image Corp ROCO:3284
59 GF Score
Price NT$25.80
GF Value NT$19.54
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Top High Image Total Inventories?

Top High Image ROCO:3284 +1.38% 59 Total Inventories is NT$735.6 Mil as of Dec. 2025. GuruFocus rates ROCO:3284 with a GF Score™ of 59/100 and a GF Value™ of NT$19.54 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Top High Image's total inventories for the quarter that ended in Dec. 2025 was NT$735.6 Mil. Top High Image's average total inventories from the quarter that ended in Sep. 2025 to the quarter that ended in Dec. 2025 was NT$688.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Top High Image's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was NT$-4.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Top High Image's Days Inventory for the three months ended in Dec. 2025 was 350.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Top High Image's Inventory Turnover for the quarter that ended in Dec. 2025 was 0.26.

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. Top High Image's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 2.87.


Top High Image  (ROCO:3284) 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.

Top High Image's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 is

Net-Net Working Capital Per Share (Q: Dec. 2025 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(583.135+0.75 * 241.914+0.5 * 735.637-1397.885
-0-198.134)/108.483
=-4.27

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

Top High Image'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
=688.7715/179.422*365 / 4
=350.29

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

Top High Image's Inventory Turnover for the quarter that ended in Dec. 2025 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2025 ) / Average Total Inventories (Q: Dec. 2025 )
=179.422 / 688.7715
=0.26

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.

Top High Image'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 )
=688.7715 / 239.75
=2.87

* 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

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.


Top High Image Total Inventories Related Terms


Top High Image Total Inventories Historical Data

* Premium members only.

The historical data trend for Top High Image'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.

Top High Image Total Inventories Chart

Top High Image Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 100.16 294.19 473.09 600.36 735.64

Top High Image Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Total Inventories 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 600.36 558.11 592.73 641.91 735.64
ROCO:3284
59GF Score
Top High Image Corp ROCO:3284
Total Inventories is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Top High Image 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.

Frequently Asked Questions Learn more about Total Inventories →
What does a Total Inventories of NT$735.6 Mil mean?
Top High Image (ROCO:3284) has a Total Inventories of NT$735.6 Mil as of Dec. 2025. The total amount of inventory as recorded on a company's balance sheet. View historical data for Top High Image and its competitors.
Is Top High Image's Total Inventories too high?
Top High Image's current Total Inventories is NT$735.6 Mil. Overall, Top High Image has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Top High Image's Total Inventories compare to GEV and ETN?
Top High Image's Total Inventories of NT$735.6 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Inventories for an Industrial Products company?
A good Total Inventories depends on the Industrial Products industry context. However, Total Inventories 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 Total Inventories mean?
A high Total Inventories can signal that a stock is expensive relative to its fundamentals. The total amount of inventory as recorded on a company's balance sheet. View historical data for Top High Image and its competitors. Top High Image's current Total Inventories is NT$735.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Top High Image stock overvalued right now?
Based on GuruFocus' analysis, Top High Image (ROCO:3284) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$19.54, compared to a current price of NT$25.80 — trading 32% above its estimated fair value. The current Total Inventories is NT$735.6 Mil. Top High Image's overall GF Score™ is 59/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Inventories calculated?
Total Inventories is calculated from a company's financial statements. For Top High Image (ROCO:3284), the current Total Inventories is NT$735.6 Mil 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 Top High Image (ROCO:3284) Overvalued in 2026?

Based on GuruFocus' analysis, Top High Image stock appears to be overvalued. The current stock price of NT$25.80 is trading 32% above its estimated GF Value™ of NT$19.54. GuruFocus considers Top High Image to be Significantly Overvalued.

Key valuation signals for ROCO:3284:

  • Total Inventories: NT$735.6 Mil
  • GF Value™: NT$19.54 vs. price of NT$25.80 (32% above fair value)
  • GF Score™: 59/100 with 8 warning signs

No single metric tells the full story. See the ROCO:3284 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Top High Image Business Description

Address No. 20, Juguang 2nd Street, Dafa industrial park, Daliao District, Kaohsiung, TWN, 831
Top High Image Corp. is a company based in Kaohsiung, Taiwan, specializing in manufacturing and selling offset printing plates and printing consumables. It offers a wide range of printing plates, including process-free, thermal CTP, positive thermal CTP, and conventional plates used in various printing applications like brochures, newspapers, packaging, and labels. Besides printing plates, it also deals in trading and services, food manufacturing and wholesale, advertising, and real estate agency and leasing services. The main source of income for the company was through the sales of pre-sensitized plates and the land through a joint construction and sub-sales project as well as a real estate agency.
59GF Score

Get the complete analysis for ROCO:3284

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

NT$25.80
Price
NT$19.54
GF Value