Kim Forest Enterprise Co (TPE:6645) Inventory Turnover : 0.75 (As of Mar. 2024)

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What is Kim Forest Enterprise 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. Kim Forest Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$88.4 Mil. Kim Forest Enterprise Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$117.1 Mil. Kim Forest Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kim Forest Enterprise Co's Days Inventory for the three months ended in Mar. 2024 was 120.98.

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. Kim Forest Enterprise Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.

Kim Forest Enterprise Co Inventory Turnover Historical Data

The historical data trend for Kim Forest Enterprise 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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Kim Forest Enterprise Co Inventory Turnover Chart

Kim Forest Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.36

2.81

3.98

4.99

3.35

Kim Forest Enterprise Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.73	0.67	0.74	1.05	0.75

Kim Forest Enterprise Co Inventory Turnover Calculation

Kim Forest Enterprise 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 )
=	336.398	/ (	(87.025	+	113.631)	/	2 )
=	336.398	/	100.328
=	3.35

Kim Forest Enterprise 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 )
=	88.357	/ (	(113.631	+	120.667)	/	2 )
=	88.357	/	117.149
=	0.75

Kim Forest Enterprise Co (TPE:6645) 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.

Kim Forest Enterprise 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
	=	117.149	/	88.357	*	365 / 4
	=	120.98

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.

Kim Forest Enterprise 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 )
	=	117.149	/	96.435
	=	1.21

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.

Kim Forest Enterprise Co Inventory Turnover Related Terms

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Kim Forest Enterprise Co (TPE:6645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Kim Forest Enterprise Co Ltd (TPE:6645) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 97, New Taiwan Road, 30th Floor, Shijiazhuang District, Taipei, TWN, 22175

Website

http://www.kimforest.com

Kim Forest Enterprise Co Ltd is engaged in providing clinical medical information, genetic testing services, and biological information. It manufactures medical equipment and also produces drug products. The company's equipment includes Desktop microcentrifuge, Desktop large capacity centrifuge, Filter-type absorption spectrometer, Multifunctional spectrometer and many more.

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