GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yieh United Steel Corp (ROCO:9957) » Definitions » Total Inventories

Yieh United Steel (ROCO:9957) Total Inventories : NT$8,327 Mil (As of Dec. 2023)


View and export this data going back to 2003. Start your Free Trial

What is Yieh United Steel Total Inventories?

Yieh United Steel's total inventories for the quarter that ended in Dec. 2023 was NT$8,327 Mil. Yieh United Steel's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was NT$8,297 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Yieh United Steel's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was NT$-12.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yieh United Steel's Days Inventory for the six months ended in Dec. 2023 was 71.93.

Inventory Turnover measures how fast the company turns over its inventory within a year. Yieh United Steel's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.54.

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. Yieh United Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.


Yieh United Steel Total Inventories Historical Data

The historical data trend for Yieh United Steel'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.

* Premium members only.

Yieh United Steel Total Inventories Chart

Yieh United Steel Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,059.21 7,037.58 10,988.52 9,056.69 8,326.73

Yieh United Steel Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 10,988.52 11,150.20 9,056.69 8,267.58 8,326.73

Yieh United Steel 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.


Yieh United Steel  (ROCO:9957) 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.

Yieh United Steel'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)
=(1725.096+0.75 * 1473.244+0.5 * 8326.725-39078.806
-0-1123.168)/2620.41
=-12.67

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

Yieh United Steel'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
=8297.1505/21052.321*365 / 2
=71.93

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

Yieh United Steel'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 )
=21052.321 / 8297.1505
=2.54

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.

Yieh United Steel'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 )
=8297.1505 / 19007.9
=0.44

* 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.


Yieh United Steel Total Inventories Related Terms

Thank you for viewing the detailed overview of Yieh United Steel's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Yieh United Steel (ROCO:9957) Business Description

Traded in Other Exchanges
N/A
Address
No.600, Xinglong St., Jiaxing Vil, Gangshan District, Kaohsiung, TWN, 82057
Yieh United Steel Corp operates as a steel manufacturer. The products of the company include stainless steel small steel embryo, cold rolled steel coil, stainless steel hot-rolled steel sheet, stainless steel hot rolled black steel coil, carbon steel small steel embryo, and carbon steel hot rolled crude steel coil.

Yieh United Steel (ROCO:9957) Headlines

No Headlines