Hwa Fong Rubber Ind Co (TPE:2109) Inventory Turnover : 0.91 (As of Mar. 2024)

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What is Hwa Fong Rubber Ind 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. Hwa Fong Rubber Ind Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$869 Mil. Hwa Fong Rubber Ind Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$960 Mil. Hwa Fong Rubber Ind Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hwa Fong Rubber Ind Co's Days Inventory for the three months ended in Mar. 2024 was 100.76.

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. Hwa Fong Rubber Ind Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.83.

Hwa Fong Rubber Ind Co Inventory Turnover Historical Data

The historical data trend for Hwa Fong Rubber Ind 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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Hwa Fong Rubber Ind Co Inventory Turnover Chart

Hwa Fong Rubber Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.17

3.75

3.82

3.68

3.50

Hwa Fong Rubber Ind 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															0.82	1.10	0.93	0.81	0.91

Hwa Fong Rubber Ind Co Inventory Turnover Calculation

Hwa Fong Rubber Ind 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 )
=	3648.483	/ (	(1070.075	+	1011.959)	/	2 )
=	3648.483	/	1041.017
=	3.50

Hwa Fong Rubber Ind 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 )
=	869.156	/ (	(1011.959	+	907.598)	/	2 )
=	869.156	/	959.7785
=	0.91

Hwa Fong Rubber Ind Co (TPE:2109) 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.

Hwa Fong Rubber Ind 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
	=	959.7785	/	869.156	*	365 / 4
	=	100.76

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.

Hwa Fong Rubber Ind 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 )
	=	959.7785	/	1153.666
	=	0.83

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.

Hwa Fong Rubber Ind Co Inventory Turnover Related Terms

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Hwa Fong Rubber Ind Co (TPE:2109) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hwa Fong Rubber Ind Co Ltd (TPE:2109) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Chung-Shan Road, Section 2, Ta-Tsun Hsiang, Changhua County, TWN, 515002

Website

https://www.duro.com.tw

Hwa Fong Rubber Ind Co Ltd is a Taiwan based company whose business is the manufacture, processing, domestic and foreign sales, import and export of rubber and plastic products. It engages in the manufacture, processing, distribution, and trading of inner and outer bicycle tubes for automobiles, agricultural vehicles, recreational vehicles, light trucks and radial tires. Its tire products are used in sedans, recreational and leisure vehicles, heavy trucks, trailers, grass mowers, forklifts, as well as bicycles and monocycles. The company distributes its products in the domestic market and to overseas markets.

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