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Gloria Material Technology (ROCO:5009) Inventory Turnover : 0.38 (As of Mar. 2024)


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What is Gloria Material Technology 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. Gloria Material Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,489 Mil. Gloria Material Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$6,561 Mil. Gloria Material Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gloria Material Technology's Days Inventory for the three months ended in Mar. 2024 was 240.50.

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. Gloria Material Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.92.


Gloria Material Technology Inventory Turnover Historical Data

The historical data trend for Gloria Material Technology'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.

* Premium members only.

Gloria Material Technology Inventory Turnover Chart

Gloria Material Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.85 1.86 1.41 1.30 1.43

Gloria Material Technology Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.37 0.36 0.39 0.35 0.38

Gloria Material Technology Inventory Turnover Calculation

Gloria Material Technology's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=8409.687 / ((5350.025 + 6418.021) / 2 )
=8409.687 / 5884.023
=1.43

Gloria Material Technology'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: Sep. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count )
=2489.478 / ((6722.955 + 6399.855) / 2 )
=2489.478 / 6561.405
=0.38

* 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.


Gloria Material Technology  (ROCO:5009) 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.

Gloria Material Technology'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
=6561.405/2489.478*365 / 4
=240.50

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.

Gloria Material Technology'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 )
=6561.405 / 3413.139
=1.92

* 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.


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.


Gloria Material Technology Inventory Turnover Related Terms

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Gloria Material Technology (ROCO:5009) Business Description

Traded in Other Exchanges
N/A
Address
No. 35 Xinzhong Road, Xinying District, Tainan, TWN
Gloria Material Technology Corp is mainly engaged in the production and sale of special steel, carbon steel, alloy steel, super alloy and smelting of the raw materials of these products. GMTC provides various quality materials at such as Superalloy, Titanium Alloy, High Speed Steel, Tool Steel, Stainless Steel, various ESR, VAR materials and Quenched-Tempered Steel and has various steel grades. Its product shapes are focused on Round bars and Square bars. The company's products include cold work tool steel, hot work tool steel, and carbon tool steel.

Gloria Material Technology (ROCO:5009) Headlines

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