Chung Hung Steel Co (TPE:2014) Inventory Turnover : 0.99 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Chung Hung Steel 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. Chung Hung Steel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8,965 Mil. Chung Hung Steel Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$9,045 Mil. Chung Hung Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chung Hung Steel Co's Days Inventory for the three months ended in Mar. 2024 was 92.07.

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. Chung Hung Steel Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.99.

Chung Hung Steel Co Inventory Turnover Historical Data

The historical data trend for Chung Hung Steel 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.

* Premium members only.

Chung Hung Steel Co Inventory Turnover Chart

Chung Hung Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.29

6.54

5.45

4.06

Chung Hung Steel 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															0.92	1.00	0.95	0.96	0.99

Chung Hung Steel Co Inventory Turnover Calculation

Chung Hung Steel 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 )
=	37251.898	/ (	(9761.983	+	8572.083)	/	2 )
=	37251.898	/	9167.033
=	4.06

Chung Hung Steel 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 )
=	8965.165	/ (	(8572.083	+	9518.881)	/	2 )
=	8965.165	/	9045.482
=	0.99

Chung Hung Steel Co (TPE:2014) 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.

Chung Hung Steel 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
	=	9045.482	/	8965.165	*	365 / 4
	=	92.07

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.

Chung Hung Steel 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 )
	=	9045.482	/	9148.184
	=	0.99

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.

Chung Hung Steel Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Chung Hung Steel Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Chung Hung Steel Co (TPE:2014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Chung Hung Steel Co Ltd (TPE:2014) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 317, Yuliao Road, Yuliao Lane, Qiaotou District, Kaohsiung, TWN, 825

Website

https://www.chsteel.com.tw

Chung Hung Steel Co Ltd is engaged in manufacturing, processing, and distribution of steel products. The company produces steel products including hot and cold galvanized coils, fine blanking coils, hot rolled temper grade coils, hot rolled pickled and oiled coils, and hot rolled bands. It has two operating segments; The Corporation segment which manufacture, process and sell steel products, and Other corporations segment which includes Hung Kao Investment Corporation engaged in general investment. Geographically, it derives a majority revenue from Taiwan.

Chung Hung Steel Co (TPE:2014) Headlines

No Headlines