U-Neuron Biomedical (ROCO:6973) Inventory Turnover : 0.36 (As of Dec. 2023)

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What is U-Neuron Biomedical 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. U-Neuron Biomedical's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$3.27 Mil. U-Neuron Biomedical's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$9.00 Mil. U-Neuron Biomedical's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. U-Neuron Biomedical's Days Inventory for the six months ended in Dec. 2023 was 501.86.

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. U-Neuron Biomedical's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

U-Neuron Biomedical Inventory Turnover Historical Data

The historical data trend for U-Neuron Biomedical'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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U-Neuron Biomedical Inventory Turnover Chart

U-Neuron Biomedical Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

0.90

0.82

0.67

U-Neuron Biomedical Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	-	0.67	0.23	0.26	0.36

U-Neuron Biomedical Inventory Turnover Calculation

U-Neuron Biomedical'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 )
=	5.463	/ (	(7.528	+	8.821)	/	2 )
=	5.463	/	8.1745
=	0.67

U-Neuron Biomedical's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3.273	/ (	(9.18	+	8.821)	/	2 )
=	3.273	/	9.0005
=	0.36

U-Neuron Biomedical (ROCO:6973) 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.

U-Neuron Biomedical's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9.0005	/	3.273	*	365 / 2
	=	501.86

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.

U-Neuron Biomedical's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9.0005	/	15.023
	=	0.60

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.

U-Neuron Biomedical Inventory Turnover Related Terms

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U-Neuron Biomedical (ROCO:6973) Business Description

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Address

Website

https://en.u-neuron.com

U-Neuron Biomedical Inc is engaged in research and development of stem cell storage & separation technology, and treatment application technology. It has patent on the Technology of Culture and Isolation of Amniotic Fluid Stem Cell.

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