Kings Metal Fiber Technologies Co (ROCO:6832) Days Inventory : 258.99 (As of Dec. 2023)

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What is Kings Metal Fiber Technologies Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kings Metal Fiber Technologies Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$138.2 Mil. Kings Metal Fiber Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$97.4 Mil. Hence, Kings Metal Fiber Technologies Co's Days Inventory for the six months ended in Dec. 2023 was 258.99.

The historical rank and industry rank for Kings Metal Fiber Technologies Co's Days Inventory or its related term are showing as below:

ROCO:6832' s Days Inventory Range Over the Past 10 Years
Min: 250.95 Med: 307.29 Max: 380.14
Current: 250.95

During the past 6 years, Kings Metal Fiber Technologies Co's highest Days Inventory was 380.14. The lowest was 250.95. And the median was 307.29.

ROCO:6832's Days Inventory is ranked worse than
82.45% of 1003 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 131.33 vs ROCO:6832: 250.95

Kings Metal Fiber Technologies Co's Days Inventory increased from Dec. 2022 (251.17) to Dec. 2023 (258.99). It might indicate that Kings Metal Fiber Technologies Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kings Metal Fiber Technologies Co's Inventory Turnover for the six months ended in Dec. 2023 was 0.70.

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. Kings Metal Fiber Technologies Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.65.

Kings Metal Fiber Technologies Co Days Inventory Historical Data

The historical data trend for Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies Co Days Inventory Chart

Kings Metal Fiber Technologies Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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338.53

380.14

333.95

280.62

264.21

Kings Metal Fiber Technologies Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial					349.17	294.02	251.17	231.43	258.99

Competitive Comparison of Kings Metal Fiber Technologies Co's Days Inventory

For the Textile Manufacturing subindustry, Kings Metal Fiber Technologies 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.

Kings Metal Fiber Technologies Co's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kings Metal Fiber Technologies Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kings Metal Fiber Technologies Co's Days Inventory falls into.

Kings Metal Fiber Technologies Co Days Inventory Calculation

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

Kings Metal Fiber Technologies 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
=	( (153.182	+	148.299)	/	2 )	/	208.243	*	365
=	150.7405					/	208.243	*	365
=	264.21

Kings Metal Fiber Technologies Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (128.037	+	148.299)	/	2 )	/	97.362	*	365 / 2
=	138.168					/	97.362	*	365 / 2
=	258.99

Kings Metal Fiber Technologies Co (ROCO:6832) 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.

Kings Metal Fiber Technologies Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	97.362	/	138.168
	=	0.70

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.

Kings Metal Fiber Technologies Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	138.168	/	211.453
	=	0.65

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.

Kings Metal Fiber Technologies Co Days Inventory Related Terms

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

Kings Metal Fiber Technologies Co (ROCO:6832) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kings Metal Fiber Technologies Co Ltd (ROCO:6832) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Linsen N. Road, 8th Floor, No. 426, Zhongshan District, Taipei, TWN, 104

Website

http://www.kingsmetalfiber.com

Kings Metal Fiber Technologies Co Ltd is engaged in the business of advanced textiles. Its customer base ranges from glass manufacturing industries to smart clothing retail markets. By transforming stainless steel fibers into soft and smooth textile constructions, the company provides the ideal buffer material for contacting the hot surfaces of glass during its forming process.

Kings Metal Fiber Technologies Co (ROCO:6832) Headlines

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