Hotron Precision Electronic Industrial Co (TPE:3092) Inventory Turnover : 0.60 (As of Mar. 2024)

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What is Hotron Precision Electronic Industrial 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. Hotron Precision Electronic Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$400 Mil. Hotron Precision Electronic Industrial Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$671 Mil. Hotron Precision Electronic Industrial Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hotron Precision Electronic Industrial Co's Days Inventory for the three months ended in Mar. 2024 was 152.94.

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. Hotron Precision Electronic Industrial Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.49.

Hotron Precision Electronic Industrial Co Inventory Turnover Historical Data

The historical data trend for Hotron Precision Electronic Industrial 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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Hotron Precision Electronic Industrial Co Inventory Turnover Chart

Hotron Precision Electronic Industrial Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.14

3.92

3.86

3.84

3.02

Hotron Precision Electronic Industrial Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.41	0.47	0.54	0.61	0.60

Hotron Precision Electronic Industrial Co Inventory Turnover Calculation

Hotron Precision Electronic Industrial Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	2783.377	/ (	(803.372	+	1041.669)	/	2 )
=	2783.377	/	922.5205
=	3.02

Hotron Precision Electronic Industrial 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	400.049	/ (	(764.798	+	576.205)	/	2 )
=	400.049	/	670.5015
=	0.60

Hotron Precision Electronic Industrial Co (TPE:3092) 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.

Hotron Precision Electronic Industrial 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
	=	670.5015	/	400.049	*	365 / 4
	=	152.94

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.

Hotron Precision Electronic Industrial 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 )
	=	670.5015	/	449.894
	=	1.49

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.

Hotron Precision Electronic Industrial Co Inventory Turnover Related Terms

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Hotron Precision Electronic Industrial Co (TPE:3092) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hotron Precision Electronic Industrial Co Ltd (TPE:3092) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 169, Xing’al Road, Neihu District, Tapei, TWN, 114

Website

http://www.hotron-ind.com

Hotron Precision Electronic Industrial Co Ltd is engaged in the manufacture, and sale of cables and wires of various 3C products. Its products include Electric Car Charging Cables, Solar wires, Various Wires & Cables, Other wires, Electric Wire & Cable, Copper, PVC, Tooling for Metal press / Plastic injection, Products Of Metal Pressed Work, Composite Mylar Al. foil, and Connector. Its products are used by telecommunication, IT, power, auto industry, and medical appliances sector.

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