O-Ta Precision Industry Co (ROCO:8924) Days Inventory : 77.58 (As of Mar. 2024)

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What is O-Ta Precision Industry Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). O-Ta Precision Industry Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$702 Mil. O-Ta Precision Industry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$826 Mil. Hence, O-Ta Precision Industry Co's Days Inventory for the three months ended in Mar. 2024 was 77.58.

The historical rank and industry rank for O-Ta Precision Industry Co's Days Inventory or its related term are showing as below:

ROCO:8924' s Days Inventory Range Over the Past 10 Years
Min: 52.99 Med: 66.06 Max: 129.53
Current: 75.16

During the past 13 years, O-Ta Precision Industry Co's highest Days Inventory was 129.53. The lowest was 52.99. And the median was 66.06.

ROCO:8924's Days Inventory is ranked worse than
63.35% of 674 companies
in the Travel & Leisure industry
Industry Median: 35.91 vs ROCO:8924: 75.16

O-Ta Precision Industry Co's Days Inventory increased from Mar. 2023 (70.16) to Mar. 2024 (77.58). It might indicate that O-Ta Precision Industry Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. O-Ta Precision Industry Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.18.

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. O-Ta Precision Industry Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.70.

O-Ta Precision Industry Co Days Inventory Historical Data

The historical data trend for O-Ta Precision Industry 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.

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O-Ta Precision Industry Co Days Inventory Chart

O-Ta Precision Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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65.32

66.71

52.99

62.54

76.97

O-Ta Precision Industry Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															70.16	81.32	72.16	66.84	77.58

Competitive Comparison of O-Ta Precision Industry Co's Days Inventory

For the Leisure subindustry, O-Ta Precision Industry 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.

O-Ta Precision Industry Co's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, O-Ta Precision Industry Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where O-Ta Precision Industry Co's Days Inventory falls into.

O-Ta Precision Industry Co Days Inventory Calculation

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

O-Ta Precision Industry 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
=	( (888.312	+	648.317)	/	2 )	/	3643.553	*	365
=	768.3145					/	3643.553	*	365
=	76.97

O-Ta Precision Industry Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (648.317	+	756.622)	/	2 )	/	826.25	*	365 / 4
=	702.4695					/	826.25	*	365 / 4
=	77.58

O-Ta Precision Industry Co (ROCO:8924) 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.

O-Ta Precision Industry Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	826.25	/	702.4695
	=	1.18

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.

O-Ta Precision Industry Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	702.4695	/	1002.744
	=	0.70

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.

O-Ta Precision Industry Co Days Inventory Related Terms

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

O-Ta Precision Industry Co (ROCO:8924) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » O-Ta Precision Industry Co Ltd (ROCO:8924) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jianfu Road, Neipu Township, Pingtung, TWN

Website

http://www.o-ta.com.tw

O-Ta Precision Industry Co Ltd is a Taiwan based company engaged in manufacturing, processing (outsourced by other businesses), assembly, and sales of golf club heads and semi-finished goods. The two reportable operating segments below: 1) Golf equipment segment is responsible for manufacturing, processing, and selling golf heads, shafts, and golf equipment. 2) Other segments are responsible for manufacturing and selling bicycles and plumbing parts.

O-Ta Precision Industry Co (ROCO:8924) Headlines

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