Phihong Technology Co (TPE:2457) Inventory Turnover : 0.68 (As of Mar. 2024)

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What is Phihong Technology 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. Phihong Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,629 Mil. Phihong Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$2,412 Mil. Phihong Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phihong Technology Co's Days Inventory for the three months ended in Mar. 2024 was 135.14.

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. Phihong Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.03.

Phihong Technology Co Inventory Turnover Historical Data

The historical data trend for Phihong Technology 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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Phihong Technology Co Inventory Turnover Chart

Phihong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.30

4.79

4.14

3.65

3.09

Phihong Technology 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															0.68	0.80	0.84	0.79	0.68

Phihong Technology Co Inventory Turnover Calculation

Phihong Technology 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 )
=	9119.641	/ (	(3296.58	+	2602.895)	/	2 )
=	9119.641	/	2949.7375
=	3.09

Phihong Technology 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 )
=	1628.77	/ (	(2602.895	+	2221.472)	/	2 )
=	1628.77	/	2412.1835
=	0.68

Phihong Technology Co (TPE:2457) 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.

Phihong Technology 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
	=	2412.1835	/	1628.77	*	365 / 4
	=	135.14

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.

Phihong Technology 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 )
	=	2412.1835	/	2342.299
	=	1.03

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.

Phihong Technology Co Inventory Turnover Related Terms

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Phihong Technology Co (TPE:2457) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phihong Technology Co Ltd (TPE:2457) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 568, Fuxing 3rd Road, Gueishan District, Taoyuan, TWN, 33383

Website

https://www.phihong.com.tw

Phihong Technology Co Ltd primarily manufactures and sells alternating current (AC)/direct current (DC) power adapters, charger bases, power supply modules, UPS (uninterruptible power supply) for computers, and ballasts. Its products also include the Multi-industry areas such as households, POS machines, small household appliances, household-level medical equipment, e-bike electric bicycles, construction, industry, and electric vehicles. The sale of power supply modules generates maximum revenue for the company.

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