Compal Electronics (TPE:2324) Inventory Turnover : 1.92 (As of Mar. 2024)

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What is Compal Electronics 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. Compal Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$189,782 Mil. Compal Electronics's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$98,826 Mil. Compal Electronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Compal Electronics's Days Inventory for the three months ended in Mar. 2024 was 47.52.

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. Compal Electronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Compal Electronics Inventory Turnover Historical Data

The historical data trend for Compal Electronics'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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Compal Electronics Inventory Turnover Chart

Compal Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.01

11.61

11.31

9.12

8.75

Compal Electronics 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															1.74	2.11	2.23	2.21	1.92

Compal Electronics Inventory Turnover Calculation

Compal Electronics'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 )
=	904317.906	/ (	(111593.984	+	95102.692)	/	2 )
=	904317.906	/	103348.338
=	8.75

Compal Electronics'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 )
=	189781.959	/ (	(95102.692	+	102548.822)	/	2 )
=	189781.959	/	98825.757
=	1.92

Compal Electronics (TPE:2324) 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.

Compal Electronics'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
	=	98825.757	/	189781.959	*	365 / 4
	=	47.52

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.

Compal Electronics'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 )
	=	98825.757	/	199571.114
	=	0.50

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.

Compal Electronics Inventory Turnover Related Terms

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Compal Electronics (TPE:2324) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Compal Electronics Inc (TPE:2324) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 581 and No. 581-1, Ruiguang Road, Neihu District, Taipei, TWN, 11492

Website

https://www.compal.com

Compal Electronics Inc is a Taiwan-based original design manufacturer that produces notebook computers, monitors, and televisions for equipment manufacturers. The firm's operations are organized in two reportable segment Information technology products and strategy integrate product segment. The majority of the firm's revenue is generated from the United States, with the rest coming from China, Netherlands, United Kingdom, and Others.

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