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Tech-Top Engineering Co (ROCO:6750) Days Inventory : 0.12 (As of Dec. 2023)


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What is Tech-Top Engineering Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tech-Top Engineering Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$1 Mil. Tech-Top Engineering Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,308 Mil. Hence, Tech-Top Engineering Co's Days Inventory for the six months ended in Dec. 2023 was 0.12.

The historical rank and industry rank for Tech-Top Engineering Co's Days Inventory or its related term are showing as below:

ROCO:6750' s Days Inventory Range Over the Past 10 Years
Min: 0.01   Med: 1.23   Max: 4.28
Current: 0.13

During the past 7 years, Tech-Top Engineering Co's highest Days Inventory was 4.28. The lowest was 0.01. And the median was 1.23.

ROCO:6750's Days Inventory is ranked better than
98.85% of 1395 companies
in the Construction industry
Industry Median: 48.64 vs ROCO:6750: 0.13

Tech-Top Engineering Co's Days Inventory declined from Dec. 2022 (0.54) to Dec. 2023 (0.12).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tech-Top Engineering Co's Inventory Turnover for the six months ended in Dec. 2023 was 1,474.10.

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. Tech-Top Engineering Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Tech-Top Engineering Co Days Inventory Historical Data

The historical data trend for Tech-Top Engineering Co's Days Inventory 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.

Tech-Top Engineering Co Days Inventory Chart

Tech-Top Engineering Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 4.28 1.38 0.03 0.01 0.24

Tech-Top Engineering Co Semi-Annual Data
Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.49 0.54 0.02 0.12

Competitive Comparison of Tech-Top Engineering Co's Days Inventory

For the Engineering & Construction subindustry, Tech-Top Engineering Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tech-Top Engineering Co's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tech-Top Engineering Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tech-Top Engineering Co's Days Inventory falls into.


Tech-Top Engineering Co Days Inventory Calculation

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

Tech-Top Engineering Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0 + 1.643) / 1 ) / 2503.964*365
=1.643 / 2503.964*365
=0.24

Tech-Top Engineering Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.132 + 1.643) / 2 ) / 1308.26*365 / 2
=0.8875 / 1308.26*365 / 2
=0.12

* 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.

Tech-Top Engineering Co  (ROCO:6750) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Tech-Top Engineering Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=1308.26 / 0.8875
=1,474.10

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.

Tech-Top Engineering Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.8875 / 1505.413
=0.00

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tech-Top Engineering Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Tech-Top Engineering Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tech-Top Engineering Co (ROCO:6750) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tech-Top Engineering Co Ltd (ROCO:6750) » Definitions » Days Inventory
Comparable Companies
ROCO:5547 ROCO:5548 ROCO:1594 TPE:3018 ROCO:5516 ROCO:4550 TPE:2516 ROCO:7590 TPE:3052 ROCO:6179 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
No. 158 Jiankang Road, 10 Floor, Zhonghe District, Taipei, TWN
Website
http://www.tech-top-eng.com
Tech-Top Engineering Co Ltd is an engineering company that provides services for cleanroom setup, water, and electrical supply system, fire control system, air conditioning, and laboratory facility. The company also provides PV and BIPV design, planning and construction.

Tech-Top Engineering Co (ROCO:6750) Headlines

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