Prosperity Dielectrics Co (ROCO:6173) Inventory Turnover : 1.08 (As of Mar. 2024)

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What is Prosperity Dielectrics 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. Prosperity Dielectrics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$679 Mil. Prosperity Dielectrics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$629 Mil. Prosperity Dielectrics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Prosperity Dielectrics Co's Days Inventory for the three months ended in Mar. 2024 was 84.56.

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. Prosperity Dielectrics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.72.

Prosperity Dielectrics Co Inventory Turnover Historical Data

The historical data trend for Prosperity Dielectrics 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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Prosperity Dielectrics Co Inventory Turnover Chart

Prosperity Dielectrics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.50

7.11

6.06

4.26

4.64

Prosperity Dielectrics 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															1.05	1.08	1.16	1.11	1.08

Prosperity Dielectrics Co Inventory Turnover Calculation

Prosperity Dielectrics 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 )
=	2952.093	/ (	(671.972	+	600.952)	/	2 )
=	2952.093	/	636.462
=	4.64

Prosperity Dielectrics 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 )
=	678.682	/ (	(600.952	+	656.853)	/	2 )
=	678.682	/	628.9025
=	1.08

Prosperity Dielectrics Co (ROCO:6173) 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.

Prosperity Dielectrics 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
	=	628.9025	/	678.682	*	365 / 4
	=	84.56

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.

Prosperity Dielectrics 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 )
	=	628.9025	/	872.57
	=	0.72

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.

Prosperity Dielectrics Co Inventory Turnover Related Terms

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Prosperity Dielectrics Co (ROCO:6173) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Prosperity Dielectrics Co Ltd (ROCO:6173) » Definitions » Inventory Turnover

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Address

Section 2, Nanshan Road, No.220-1 , Lujhu District, Taoyuan, TWN, 33860

Website

http://www.pdc.com.tw

Prosperity Dielectrics Co Ltd is a manufacturer and exporter of ceramic dielectric powders and multilayer ceramic chip capacitors in Taiwan. It is engaged in the manufacture and sale of specific application electronic ceramic products. It's product portfolio consist of mutilayer ceramic capacitors; chip resistors; ceramic dielectrical powder, Wafer capacitance, chip resistance, dielectric porcelain powder, semi-conductive ceramic, coil and inductor.

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