Hwa Fong Rubber Ind Co (TPE:2109) Change In Inventory : NT$119 Mil (TTM As of Mar. 2024)

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What is Hwa Fong Rubber Ind Co Change In Inventory?

Hwa Fong Rubber Ind Co's change in inventory for the quarter that ended in Mar. 2024 was NT$98 Mil. It means Hwa Fong Rubber Ind Co's inventory declined by NT$98 Mil from Dec. 2023 to Mar. 2024 .

Hwa Fong Rubber Ind Co's change in inventory for the fiscal year that ended in Dec. 2023 was NT$62 Mil. It means Hwa Fong Rubber Ind Co's inventory declined by NT$62 Mil from Dec. 2022 to Dec. 2023 .

Hwa Fong Rubber Ind Co's Total Inventories for the quarter that ended in Mar. 2024 was NT$908 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hwa Fong Rubber Ind Co's Days Inventory for the quarter that ended in Mar. 2024 was 100.76.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hwa Fong Rubber Ind Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

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. Hwa Fong Rubber Ind Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Hwa Fong Rubber Ind Co Change In Inventory Historical Data

The historical data trend for Hwa Fong Rubber Ind 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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Hwa Fong Rubber Ind Co Change In Inventory Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.39

72.11

-332.98

273.00

61.96

Hwa Fong Rubber Ind 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															41.56	87.07	-50.78	-15.89	98.39

Hwa Fong Rubber Ind 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$119 Mil.

Hwa Fong Rubber Ind Co (TPE:2109) Change In Inventory Explanation

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

Hwa Fong Rubber Ind 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
	=	959.7785	/	869.156	*	365 / 4
	=	100.76

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

Hwa Fong Rubber Ind Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	869.156	/	959.7785
	=	0.91

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.

Hwa Fong Rubber Ind Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	959.7785	/	1153.666
	=	0.83

Hwa Fong Rubber Ind Co Change In Inventory Related Terms

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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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