U-Best Innovative Technology Co (ROCO:4714) Change In Inventory : NT$-352.6 Mil (TTM As of Mar. 2024)

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What is U-Best Innovative Technology Co Change In Inventory?

U-Best Innovative Technology Co's change in inventory for the quarter that ended in Mar. 2024 was NT$-77.0 Mil. It means U-Best Innovative Technology Co's inventory increased by NT$77.0 Mil from Dec. 2023 to Mar. 2024 .

U-Best Innovative Technology Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$-335.0 Mil. It means U-Best Innovative Technology Co's inventory increased by NT$335.0 Mil from Dec. 2022 to Dec. 2023 .

U-Best Innovative Technology Co's Total Inventories for the quarter that ended in Mar. 2024 was NT$2,309.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. U-Best Innovative Technology Co's Days Inventory for the quarter that ended in Mar. 2024 was 1,692.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. U-Best Innovative Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.05.

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. U-Best Innovative Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 14.93.

U-Best Innovative Technology Co Change In Inventory Historical Data

The historical data trend for U-Best Innovative Technology Co's Change In Inventory 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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U-Best Innovative Technology Co Change In Inventory Chart

U-Best Innovative Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-3.38

-93.79

-236.93

-864.53

-334.96

U-Best Innovative Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-59.36	-121.35	-72.74	-81.51	-77.01

U-Best Innovative Technology Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-352.6 Mil.

U-Best Innovative Technology Co (ROCO:4714) Change In Inventory Explanation

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

U-Best Innovative Technology Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2269.5745	/	122.36	*	365 / 4
	=	1,692.54

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

U-Best Innovative Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	122.36	/	2269.5745
	=	0.05

3. 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.

U-Best Innovative Technology Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2269.5745	/	151.992
	=	14.93

U-Best Innovative Technology Co Change In Inventory Related Terms

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » U-Best Innovative Technology Co Ltd (ROCO:4714) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN

Website

https://www.u-best-inno.com

U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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