Formosa Plastics (TPE:1301) Days Inventory : 42.10 (As of Dec. 2023)

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What is Formosa Plastics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Formosa Plastics's Average Total Inventories for the three months ended in Dec. 2023 was NT$21,211 Mil. Formosa Plastics's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$45,976 Mil. Hence, Formosa Plastics's Days Inventory for the three months ended in Dec. 2023 was 42.10.

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

TPE:1301' s Days Inventory Range Over the Past 10 Years
Min: 36.27 Med: 40.59 Max: 42.77
Current: 42.77

During the past 13 years, Formosa Plastics's highest Days Inventory was 42.77. The lowest was 36.27. And the median was 40.59.

TPE:1301's Days Inventory is ranked better than
82.72% of 1493 companies
in the Chemicals industry
Industry Median: 82.92 vs TPE:1301: 42.77

Formosa Plastics's Days Inventory declined from Dec. 2022 (42.60) to Dec. 2023 (42.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Formosa Plastics's Inventory Turnover for the three months ended in Dec. 2023 was 2.17.

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. Formosa Plastics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.44.

Formosa Plastics Days Inventory Historical Data

The historical data trend for Formosa Plastics'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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Formosa Plastics Days Inventory Chart

Formosa Plastics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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40.53

40.69

38.09

40.97

42.27

Formosa Plastics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															42.60	42.57	44.26	42.65	42.10

Competitive Comparison of Formosa Plastics's Days Inventory

For the Specialty Chemicals subindustry, Formosa Plastics'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.

Formosa Plastics's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Formosa Plastics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Formosa Plastics's Days Inventory falls into.

Formosa Plastics Days Inventory Calculation

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

Formosa Plastics'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
=	( (22411.798	+	21439.773)	/	2 )	/	189312.319	*	365
=	21925.7855					/	189312.319	*	365
=	42.27

Formosa Plastics'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (20982.362	+	21439.773)	/	2 )	/	45975.923	*	365 / 4
=	21211.0675					/	45975.923	*	365 / 4
=	42.10

Formosa Plastics (TPE:1301) 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.

Formosa Plastics's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	45975.923	/	21211.0675
	=	2.17

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.

Formosa Plastics's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21211.0675	/	47742.845
	=	0.44

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.

Formosa Plastics Days Inventory Related Terms

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

Formosa Plastics (TPE:1301) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Formosa Plastics Corp (TPE:1301) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Shuiguan Road, Renwu District, Kaohsiung, TWN, 814

Website

http://www.fpc.com.tw

Formosa Plastics Corp is a holding company that, through its subsidiaries, manufactures and sells plastic-based products, chemical fibers, and petrochemicals. The company operates in six reportable segments: Plastics, Polyolefins, Polypropylene, Tairylan, Chemistry, and Others. The company's products run the gambit of major petrochemicals and plastics. These are used in daily necessities, outdoor sports, mechanical industry, building material coating, and other applications. The company operates primarily in Asia, including Taiwan, mainland China, among others.

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