Kuen Ling Machinery Refrigerating Co (ROCO:4527) Inventory Turnover : 0.83 (As of Mar. 2024)

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What is Kuen Ling Machinery Refrigerating Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Kuen Ling Machinery Refrigerating Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$562 Mil. Kuen Ling Machinery Refrigerating Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$674 Mil. Kuen Ling Machinery Refrigerating Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kuen Ling Machinery Refrigerating Co's Days Inventory for the three months ended in Mar. 2024 was 109.51.

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. Kuen Ling Machinery Refrigerating Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Kuen Ling Machinery Refrigerating Co Inventory Turnover Historical Data

The historical data trend for Kuen Ling Machinery Refrigerating Co's Inventory Turnover 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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Kuen Ling Machinery Refrigerating Co Inventory Turnover Chart

Kuen Ling Machinery Refrigerating Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.29

4.58

3.92

3.74

4.01

Kuen Ling Machinery Refrigerating Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.82	1.05	1.27	0.83

Kuen Ling Machinery Refrigerating Co Inventory Turnover Calculation

Kuen Ling Machinery Refrigerating Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2636.014	/ (	(670.711	+	645.562)	/	2 )
=	2636.014	/	658.1365
=	4.01

Kuen Ling Machinery Refrigerating Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	561.743	/ (	(645.562	+	702.71)	/	2 )
=	561.743	/	674.136
=	0.83

Kuen Ling Machinery Refrigerating Co (ROCO:4527) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Kuen Ling Machinery Refrigerating 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
	=	674.136	/	561.743	*	365 / 4
	=	109.51

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.

Kuen Ling Machinery Refrigerating 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 )
	=	674.136	/	728.491
	=	0.93

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Kuen Ling Machinery Refrigerating Co Inventory Turnover Related Terms

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Kuen Ling Machinery Refrigerating Co (ROCO:4527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kuen Ling Machinery Refrigerating Co Ltd (ROCO:4527) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.336, Chihkan North Road, Tzu Kuan Hsiang, Kaohsiung Hsien, TWN

Website

http://www.kuenling.com.tw

Kuen Ling Machinery Refrigerating Co Ltd is a manufacturer of air-conditioning and frozen equipment. Its products are water-cooled centrifugal, screw type, flooded type chiller units, air-cooled chiller unit, computer room packaged chiller units, thermal storage ice tank, and vacuum freeze-dried equipment. There are three segments of the Group, which are operation bases in Taiwan, Mainland China and Vietnam regions.

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