Oriental Union Chemical (TPE:1710) Days Inventory : 26.26 (As of Mar. 2024)

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What is Oriental Union Chemical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Oriental Union Chemical's Average Total Inventories for the three months ended in Mar. 2024 was NT$1,419 Mil. Oriental Union Chemical's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$4,929 Mil. Hence, Oriental Union Chemical's Days Inventory for the three months ended in Mar. 2024 was 26.26.

The historical rank and industry rank for Oriental Union Chemical's Days Inventory or its related term are showing as below:

TPE:1710' s Days Inventory Range Over the Past 10 Years
Min: 17.51 Med: 24.6 Max: 47.84
Current: 23.32

During the past 13 years, Oriental Union Chemical's highest Days Inventory was 47.84. The lowest was 17.51. And the median was 24.60.

TPE:1710's Days Inventory is ranked better than
94.57% of 1493 companies
in the Chemicals industry
Industry Median: 82.59 vs TPE:1710: 23.32

Oriental Union Chemical's Days Inventory increased from Mar. 2023 (21.07) to Mar. 2024 (26.26). It might indicate that Oriental Union Chemical's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oriental Union Chemical's Inventory Turnover for the three months ended in Mar. 2024 was 3.47.

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. Oriental Union Chemical's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.28.

Oriental Union Chemical Days Inventory Historical Data

The historical data trend for Oriental Union Chemical'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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Oriental Union Chemical Days Inventory Chart

Oriental Union Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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23.74

22.69

17.51

21.98

23.72

Oriental Union Chemical 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															21.07	20.91	22.25	24.68	26.26

Competitive Comparison of Oriental Union Chemical's Days Inventory

For the Chemicals subindustry, Oriental Union Chemical'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.

Oriental Union Chemical's Days Inventory Distribution in the Chemicals Industry

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

* The bar in red indicates where Oriental Union Chemical's Days Inventory falls into.

Oriental Union Chemical Days Inventory Calculation

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

Oriental Union Chemical'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
=	( (1264.508	+	1397.18)	/	2 )	/	20480.005	*	365
=	1330.844					/	20480.005	*	365
=	23.72

Oriental Union Chemical'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
=	( (1397.18	+	1439.957)	/	2 )	/	4928.743	*	365 / 4
=	1418.5685					/	4928.743	*	365 / 4
=	26.26

Oriental Union Chemical (TPE:1710) 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.

Oriental Union Chemical's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4928.743	/	1418.5685
	=	3.47

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.

Oriental Union Chemical's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1418.5685	/	5155.041
	=	0.28

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.

Oriental Union Chemical Days Inventory Related Terms

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

Oriental Union Chemical (TPE:1710) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Oriental Union Chemical Corp (TPE:1710) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Fu-Hsing North Road, 13th Floor, Taipei, TWN, 105

Website

https://www.oucc.com.tw

Oriental Union Chemical Corp is a Taiwan-based manufacturer and distributor of chemicals and plastic products. The firm is organized in four main segments: ethylene glycols, special chemicals, gas, and investment and other. The ethylene glycols segment, which generates the majority of the firm's revenue, sells chemicals used in the production of polyester, antifreeze, brake fluid, and plastic food and beverage containers. The special chemicals segment sells chemicals used in the production of textiles, personal care products, leather products, rubber, and construction and building materials. The gas segment sells oxygen, nitrogen, and argon. The vast majority of the company's revenue comes from Asia.

Oriental Union Chemical (TPE:1710) Headlines

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