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Radiation Technology (ROCO:6514) Days Inventory : 62.00 (As of Mar. 2024)


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What is Radiation Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Radiation Technology's Average Total Inventories for the three months ended in Mar. 2024 was NT$63.4 Mil. Radiation Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$93.2 Mil. Hence, Radiation Technology's Days Inventory for the three months ended in Mar. 2024 was 62.00.

The historical rank and industry rank for Radiation Technology's Days Inventory or its related term are showing as below:

ROCO:6514' s Days Inventory Range Over the Past 10 Years
Min: 43.06   Med: 64.88   Max: 187.68
Current: 64.73

During the past 11 years, Radiation Technology's highest Days Inventory was 187.68. The lowest was 43.06. And the median was 64.88.

ROCO:6514's Days Inventory is ranked better than
73.02% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs ROCO:6514: 64.73

Radiation Technology's Days Inventory declined from Mar. 2023 (82.54) to Mar. 2024 (62.00).

Inventory Turnover measures how fast the company turns over its inventory within a year. Radiation Technology's Inventory Turnover for the three months ended in Mar. 2024 was 1.47.

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. Radiation Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.51.


Radiation Technology Days Inventory Historical Data

The historical data trend for Radiation Technology's Days 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.

* Premium members only.

Radiation Technology Days Inventory Chart

Radiation Technology Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.19 64.55 65.57 72.81 74.60

Radiation Technology Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 82.54 62.74 68.56 59.55 62.00

Competitive Comparison of Radiation Technology's Days Inventory

For the Communication Equipment subindustry, Radiation Technology's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Radiation Technology's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Radiation Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Radiation Technology's Days Inventory falls into.



Radiation Technology Days Inventory Calculation

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

Radiation Technology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (82.52 + 57.371) / 2 ) / 342.233*365
=69.9455 / 342.233*365
=74.60

Radiation Technology's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (57.371 + 69.347) / 2 ) / 93.244*365 / 4
=63.359 / 93.244*365 / 4
=62.00

* 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.


Radiation Technology  (ROCO:6514) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Radiation Technology's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Radiation Technology's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Radiation Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Radiation Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Radiation Technology (ROCO:6514) Business Description

Traded in Other Exchanges
N/A
Address
2nd floor, Number 1, Gongjian Road, Qidu District, Keelung, TWN, 206
Radiation Technology Inc designs and manufactures antennas, cable assembly, and other communication products in Taiwan. It offers LTE/4G/BTS, IoT/Intelligent, Automotive, RFID/healthcare, GPS/transportation, and wireless communication antennas, as well as semi-rigid and flexible RF cable assembly products, RF connectors, wire harness, medical cables, computer cables, network cables, microwave devices, and others. It generates a vast majority of its revenues from the sales of antenna and component of communication equipment. The company has operations in Mainland China, Asia, America, Europe, and Oceania.

Radiation Technology (ROCO:6514) Headlines

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