Chieftek Precision Co (TPE:1597) Total Inventories : NT$632 Mil (As of Mar. 2024)

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What is Chieftek Precision Co Total Inventories?

Chieftek Precision Co's total inventories for the quarter that ended in Mar. 2024 was NT$632 Mil. Chieftek Precision Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was NT$640 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Chieftek Precision Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-3.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chieftek Precision Co's Days Inventory for the three months ended in Mar. 2024 was 381.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chieftek Precision Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.24.

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. Chieftek Precision Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.52.

Chieftek Precision Co Total Inventories Historical Data

The historical data trend for Chieftek Precision 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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Chieftek Precision Co Total Inventories Chart

Chieftek Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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637.28

556.94

441.90

635.64

647.19

Chieftek Precision Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															648.18	674.33	667.39	647.19	632.00

Chieftek Precision 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.

Chieftek Precision Co (TPE:1597) 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.

Chieftek Precision Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(845.1	+	0.75 * 255.277	+	0.5 * 632.004	-	1676.383
-	0	-	0)	/	87.262
=	-3.71

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

Chieftek Precision 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
	=	639.598	/	153.182	*	365 / 4
	=	381.01

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

Chieftek Precision Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	153.182	/	639.598
	=	0.24

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.

Chieftek Precision 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 )
	=	639.598	/	254.039
	=	2.52

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.

Chieftek Precision Co Total Inventories Related Terms

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Chieftek Precision Co (TPE:1597) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chieftek Precision Co Ltd (TPE:1597) » Definitions » Total Inventories

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Address

Number 3, Dali 1st Road, Sourthern taiwan Science Park, Xinshi District, Tainan, TWN, 741-45

Website

http://www.chieftek.com

Chieftek Precision Co Ltd engages in the manufacture and sale of the ball and roller bearings The Company engages in the research, development, manufacture and sales of miniature linear guides, miniature ball screws, miniature linear modules, electro-optics equipment and semiconductor process equipment. It involves in manufacture of miniature linear motion components. Its products include Standard 4-Row Ball Bearing Linear Guide, Wide 4-Row Ball Bearing Linear Guide, Miniature Linear Guide, ST Miniature Stroke Slide Series, and Ironless Linear Motor. Its products are applied in the industries requiring precise positioning applications, such as precision machinery, automation equipment, various power transmission applications, semiconductor manufacturing equipment, and medical equipment.

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