Tung Ho Steel Enterprise (TPE:2006) Change In Inventory : NT$-1,197 Mil (TTM As of Mar. 2024)

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What is Tung Ho Steel Enterprise Change In Inventory?

Tung Ho Steel Enterprise's change in inventory for the quarter that ended in Mar. 2024 was NT$116 Mil. It means Tung Ho Steel Enterprise's inventory declined by NT$116 Mil from Dec. 2023 to Mar. 2024 .

Tung Ho Steel Enterprise's change in inventory for the fiscal year that ended in Dec. 2023 was NT$-1,088 Mil. It means Tung Ho Steel Enterprise's inventory increased by NT$1,088 Mil from Dec. 2022 to Dec. 2023 .

Tung Ho Steel Enterprise's Total Inventories for the quarter that ended in Mar. 2024 was NT$19,778 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tung Ho Steel Enterprise's Days Inventory for the quarter that ended in Mar. 2024 was 141.27.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tung Ho Steel Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

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. Tung Ho Steel Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.34.

Tung Ho Steel Enterprise Change In Inventory Historical Data

The historical data trend for Tung Ho Steel Enterprise's Change In Inventory 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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Tung Ho Steel Enterprise Change In Inventory Chart

Tung Ho Steel Enterprise Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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1,634.07

1,617.10

-8,267.17

1,674.46

-1,088.18

Tung Ho Steel Enterprise Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															224.92	-206.50	-850.62	-255.98	116.50

Tung Ho Steel Enterprise Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$-1,197 Mil.

Tung Ho Steel Enterprise (TPE:2006) Change In Inventory Explanation

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

Tung Ho Steel Enterprise's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	19835.768	/	12812.237	*	365 / 4
	=	141.27

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

Tung Ho Steel Enterprise's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	12812.237	/	19835.768
	=	0.65

3. 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.

Tung Ho Steel Enterprise's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	19835.768	/	14846.311
	=	1.34

Tung Ho Steel Enterprise Change In Inventory Related Terms

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Tung Ho Steel Enterprise (TPE:2006) Business Description

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Address

Chang-an East Road, 6th Floor, No. 9, Section 1, Taipei, TWN, 10441

Website

https://www.tunghosteel.com

Tung Ho Steel Enterprise Corp is a Taiwan-based company that is primarily engaged in the manufacturing and distribution of steel products. The company's product portfolio includes rebar, which is primarily applied in building projects, including high-rises, factories, public construction, and social welfare initiatives; steel section, which is used in buildings (steel structures) and other construction projects (bridges, ships, vehicles, and so on); and steel plate, which is broadly utilized in factories, logistics warehouses, office and residential buildings, bridges, and other buildings. Rebar and steel section account for the majority of the company's revenue. The company generates most of its sales from the Taiwan domestic market.

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