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Ecocera Optronics Co (ROCO:6597) Days Inventory : 79.99 (As of Dec. 2023)


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What is Ecocera Optronics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ecocera Optronics Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$115.3 Mil. Ecocera Optronics Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$263.0 Mil. Hence, Ecocera Optronics Co's Days Inventory for the six months ended in Dec. 2023 was 79.99.

The historical rank and industry rank for Ecocera Optronics Co's Days Inventory or its related term are showing as below:

ROCO:6597' s Days Inventory Range Over the Past 10 Years
Min: 69.37   Med: 82.02   Max: 146.67
Current: 90.87

During the past 10 years, Ecocera Optronics Co's highest Days Inventory was 146.67. The lowest was 69.37. And the median was 82.02.

ROCO:6597's Days Inventory is ranked better than
56.79% of 2409 companies
in the Hardware industry
Industry Median: 101.86 vs ROCO:6597: 90.87

Ecocera Optronics Co's Days Inventory declined from Dec. 2022 (105.96) to Dec. 2023 (79.99).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ecocera Optronics Co's Inventory Turnover for the six months ended in Dec. 2023 was 2.28.

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. Ecocera Optronics Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.32.


Ecocera Optronics Co Days Inventory Historical Data

The historical data trend for Ecocera Optronics Co's Days 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.

* Premium members only.

Ecocera Optronics Co Days Inventory Chart

Ecocera Optronics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 96.09 80.34 80.72 103.54 91.90

Ecocera Optronics Co Semi-Annual Data
Dec14 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory 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 91.07 102.19 105.96 103.99 79.99

Competitive Comparison of Ecocera Optronics Co's Days Inventory

For the Electronic Components subindustry, Ecocera Optronics Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ecocera Optronics Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ecocera Optronics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ecocera Optronics Co's Days Inventory falls into.



Ecocera Optronics Co Days Inventory Calculation

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

Ecocera Optronics Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (115.164 + 117.907) / 2 ) / 462.856*365
=116.5355 / 462.856*365
=91.90

Ecocera Optronics Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (112.611 + 117.907) / 2 ) / 262.981*365 / 2
=115.259 / 262.981*365 / 2
=79.99

* 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.


Ecocera Optronics Co  (ROCO:6597) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Ecocera Optronics Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

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.

Ecocera Optronics Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

* 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

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Ecocera Optronics Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Ecocera Optronics Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Ecocera Optronics Co (ROCO:6597) Business Description

Traded in Other Exchanges
N/A
Address
Nanshan Road., Luchu District, 2nd Floor, No.303, Sec. 2, Taoyuan, TWN
Ecocera Optronics Co Ltd is a Taiwan-based company engaged in the production of ceramic substrates and the ceramic circuit board. The company's products are used in LED lighting, automotive lighting, mobile phone LED flash, UV, display and other applications.

Ecocera Optronics Co (ROCO:6597) Headlines

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