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Thai Kin Co (ROCO:6629) Days Inventory : 96.81 (As of Mar. 2024)


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What is Thai Kin Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Thai Kin Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$284 Mil. Thai Kin Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$267 Mil. Hence, Thai Kin Co's Days Inventory for the three months ended in Mar. 2024 was 96.81.

The historical rank and industry rank for Thai Kin Co's Days Inventory or its related term are showing as below:

ROCO:6629' s Days Inventory Range Over the Past 10 Years
Min: 81.28   Med: 108.01   Max: 124.44
Current: 104.38

During the past 8 years, Thai Kin Co's highest Days Inventory was 124.44. The lowest was 81.28. And the median was 108.01.

ROCO:6629's Days Inventory is ranked worse than
50.37% of 405 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 104.35 vs ROCO:6629: 104.38

Thai Kin Co's Days Inventory declined from Mar. 2023 (152.15) to Mar. 2024 (96.81).

Inventory Turnover measures how fast the company turns over its inventory within a year. Thai Kin Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.94.

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. Thai Kin Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.67.


Thai Kin Co Days Inventory Historical Data

The historical data trend for Thai Kin Co'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.

Thai Kin Co Days Inventory Chart

Thai Kin Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 124.44 108.09 107.92 104.68 122.27

Thai Kin Co 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 152.15 114.72 106.01 100.77 96.81

Competitive Comparison of Thai Kin Co's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Thai Kin Co'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.


Thai Kin Co's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Thai Kin Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thai Kin Co's Days Inventory falls into.



Thai Kin Co Days Inventory Calculation

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

Thai Kin Co'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
=( (301.637 + 305.61) / 2 ) / 906.345*365
=303.6235 / 906.345*365
=122.27

Thai Kin Co'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
=( (305.61 + 261.854) / 2 ) / 267.442*365 / 4
=283.732 / 267.442*365 / 4
=96.81

* 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.


Thai Kin Co  (ROCO:6629) 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.

Thai Kin Co'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.

Thai Kin Co'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.


Thai Kin Co Days Inventory Related Terms

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


Thai Kin Co (ROCO:6629) Business Description

Traded in Other Exchanges
N/A
Address
No. 287, Nanjing East Road, 5th Floor, Section 3, Songshan District, Taipei, TWN, 105
Thai Kin Co Ltd is a manufacturer of casting for furniture. The product portfolio of the company includes Cabinet Hardware, Drapery Hardware, Bathroom Accessories, Shelf Supports, Hooks, Decorative Hardware, and Candle Holders among others. Geographically, it derives a majority of its revenue from America and also has a presence in Europe and Asia.

Thai Kin Co (ROCO:6629) Headlines

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