Chung Tai Resource Technology (ROCO:6923) Days Inventory : 10.03 (As of Dec. 2023)

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What is Chung Tai Resource Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chung Tai Resource Technology's Average Total Inventories for the six months ended in Dec. 2023 was NT$29 Mil. Chung Tai Resource Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$525 Mil. Hence, Chung Tai Resource Technology's Days Inventory for the six months ended in Dec. 2023 was 10.03.

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

ROCO:6923' s Days Inventory Range Over the Past 10 Years
Min: 9.9 Med: 18.01 Max: 35.33
Current: 9.97

During the past 5 years, Chung Tai Resource Technology's highest Days Inventory was 35.33. The lowest was 9.90. And the median was 18.01.

ROCO:6923's Days Inventory is ranked better than
68.1% of 210 companies
in the Waste Management industry
Industry Median: 22.785 vs ROCO:6923: 9.97

Chung Tai Resource Technology's Days Inventory increased from Dec. 2022 (9.70) to Dec. 2023 (10.03). It might indicate that Chung Tai Resource Technology's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chung Tai Resource Technology's Inventory Turnover for the six months ended in Dec. 2023 was 18.20.

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. Chung Tai Resource Technology's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.04.

Chung Tai Resource Technology Days Inventory Historical Data

The historical data trend for Chung Tai Resource 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.

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Chung Tai Resource Technology Days Inventory Chart

Chung Tai Resource Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

13.80

22.23

35.33

18.01

9.90

Chung Tai Resource Technology Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial			42.29	24.88	9.70	9.98	10.03

Competitive Comparison of Chung Tai Resource Technology's Days Inventory

For the Waste Management subindustry, Chung Tai Resource 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.

Chung Tai Resource Technology's Days Inventory Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Chung Tai Resource Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chung Tai Resource Technology's Days Inventory falls into.

Chung Tai Resource Technology Days Inventory Calculation

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

Chung Tai Resource 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
=	( (12.96	+	33.777)	/	2 )	/	861.907	*	365
=	23.3685					/	861.907	*	365
=	9.90

Chung Tai Resource Technology'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
=	( (23.901	+	33.777)	/	2 )	/	524.876	*	365 / 2
=	28.839					/	524.876	*	365 / 2
=	10.03

Chung Tai Resource Technology (ROCO:6923) 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.

Chung Tai Resource Technology's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	524.876	/	28.839
	=	18.20

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.

Chung Tai Resource Technology's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	28.839	/	706.076
	=	0.04

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.

Chung Tai Resource Technology Days Inventory Related Terms

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

Chung Tai Resource Technology (ROCO:6923) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Chung Tai Resource Technology Corp (ROCO:6923) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 328, Huanke Road, Guanyin District, Taoyuan City, TWN, 328451

Website

https://www.chinalab.com.tw

Chung Tai Resource Technology Corp provides waste removal and treatment, Pyrolysis treatment system, Recycling of Waste Printed Circuit Boards, Incineration Thermal Power Generation and Comprehensive Treatment R&D Center, waste lighting sources recycling, and other services.

Chung Tai Resource Technology (ROCO:6923) Headlines

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