Fine Blanking & Tool Co (ROCO:4535) Inventory Turnover : 1.54 (As of Mar. 2024)

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What is Fine Blanking & Tool Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Fine Blanking & Tool Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$557 Mil. Fine Blanking & Tool Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$363 Mil. Fine Blanking & Tool Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.54.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Fine Blanking & Tool Co's Days Inventory for the three months ended in Mar. 2024 was 59.38.

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. Fine Blanking & Tool Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Fine Blanking & Tool Co Inventory Turnover Historical Data

The historical data trend for Fine Blanking & Tool Co's Inventory Turnover 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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Fine Blanking & Tool Co Inventory Turnover Chart

Fine Blanking & Tool Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.16

5.41

5.80

5.47

5.33

Fine Blanking & Tool Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.22	1.30	1.45	1.51	1.54

Fine Blanking & Tool Co Inventory Turnover Calculation

Fine Blanking & Tool Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2293.463	/ (	(469.937	+	390.037)	/	2 )
=	2293.463	/	429.987
=	5.33

Fine Blanking & Tool Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	557.221	/ (	(390.037	+	335.126)	/	2 )
=	557.221	/	362.5815
=	1.54

Fine Blanking & Tool Co (ROCO:4535) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Fine Blanking & Tool Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	362.5815	/	557.221	*	365 / 4
	=	59.38

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.

Fine Blanking & Tool Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	362.5815	/	688.991
	=	0.53

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Fine Blanking & Tool Co Inventory Turnover Related Terms

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Fine Blanking & Tool Co (ROCO:4535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Fine Blanking & Tool Co Ltd (ROCO:4535) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No 3, Gong Eighth Road, Quanxing Industrial Zone, Xidi Village, Shengang Township, Changhua County, TWN

Website

https://www.fineblanking.com.tw

Fine Blanking & Tool Co Ltd is a Taiwan-based manufacturer of automobile parts and components. Its product portfolio includes auto parts, Locomotive stamping parts, bicycle parts, Fine blanking parts, and off-road. The group operates in two segments that include Domestic Operations and Overseas Operations. The majority of revenue is generated from the Overseas Operations segment which engaged in manufacturing, processing, and production of various products and precision stamping parts for automobiles, motorcycles, and special vehicles.

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