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U-Best Innovative Technology Co (ROCO:4714) Total Inventories : NT$2,309.0 Mil (As of Mar. 2024)


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What is U-Best Innovative Technology Co Total Inventories?

U-Best Innovative Technology Co's total inventories for the quarter that ended in Mar. 2024 was NT$2,309.0 Mil. U-Best Innovative Technology Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was NT$2,269.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. U-Best Innovative Technology Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was NT$-11.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. U-Best Innovative Technology Co's Days Inventory for the three months ended in Mar. 2024 was 1,692.54.

Inventory Turnover measures how fast the company turns over its inventory within a year. U-Best Innovative Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.05.

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-Best Innovative Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 14.93.


U-Best Innovative Technology Co Total Inventories Historical Data

The historical data trend for U-Best Innovative Technology Co's Total Inventories 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.

U-Best Innovative Technology Co Total Inventories Chart

U-Best Innovative Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 513.18 609.02 1,025.46 1,891.83 2,230.14

U-Best Innovative Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories 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 1,951.63 2,074.36 2,148.09 2,230.14 2,309.01

U-Best Innovative Technology Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


U-Best Innovative Technology Co  (ROCO:4714) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

U-Best Innovative Technology Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1840.924+0.75 * 99.491+0.5 * 2309.006-1887.742
-0-3143.731)/165.745
=-11.83

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

U-Best Innovative Technology 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
=2269.5745/122.36*365 / 4
=1,692.54

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

U-Best Innovative Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=122.36 / 2269.5745
=0.05

4. 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-Best Innovative Technology 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 )
=2269.5745 / 151.992
=14.93

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


U-Best Innovative Technology Co Total Inventories Related Terms

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U-Best Innovative Technology Co (ROCO:4714) Business Description

Traded in Other Exchanges
N/A
Address
Number 258-26, Anding,, Anjia Village,, Anding District,, Tainan, TWN
U-Best Innovative Technology Co Ltd is a Taiwan-based company engaged in manufacturing and trading polymer chemical raw materials and synthetic leather, plastic leather, and flocked fabric; development, leasing, and sale of residential and office buildings; breeding of livestock; and trading of commodities. The products of the company's polymer chemical raw materials include polyurethane resins, adhesives, surface treatment agents, and solvents.

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