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Chia Ta World Co (TPE:2033) Days Inventory : 196.43 (As of Mar. 2024)


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What is Chia Ta World Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Chia Ta World Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$249.9 Mil. Chia Ta World Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$116.1 Mil. Hence, Chia Ta World Co's Days Inventory for the three months ended in Mar. 2024 was 196.43.

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

TPE:2033' s Days Inventory Range Over the Past 10 Years
Min: 104.47   Med: 121.27   Max: 193.83
Current: 173.6

During the past 13 years, Chia Ta World Co's highest Days Inventory was 193.83. The lowest was 104.47. And the median was 121.27.

TPE:2033's Days Inventory is ranked worse than
86.14% of 570 companies
in the Steel industry
Industry Median: 88.445 vs TPE:2033: 173.60

Chia Ta World Co's Days Inventory increased from Mar. 2023 (162.96) to Mar. 2024 (196.43). It might indicate that Chia Ta World Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Chia Ta World Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.46.

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. Chia Ta World Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.84.


Chia Ta World Co Days Inventory Historical Data

The historical data trend for Chia Ta World 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.

Chia Ta World Co Days Inventory Chart

Chia Ta World 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 111.68 108.32 104.47 120.28 173.98

Chia Ta World 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 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 162.96 155.65 179.48 165.49 196.43

Competitive Comparison of Chia Ta World Co's Days Inventory

For the Steel subindustry, Chia Ta World 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.


Chia Ta World Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Chia Ta World Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Chia Ta World Co's Days Inventory falls into.



Chia Ta World Co Days Inventory Calculation

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

Chia Ta World 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
=( (259.779 + 249.693) / 2 ) / 534.43*365
=254.736 / 534.43*365
=173.98

Chia Ta World 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
=( (249.693 + 250.15) / 2 ) / 116.097*365 / 4
=249.9215 / 116.097*365 / 4
=196.43

* 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.


Chia Ta World Co  (TPE:2033) 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.

Chia Ta World Co's Inventory Turnover for the three months ended in Mar. 2024 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.

Chia Ta World Co's Inventory to Revenue for the three months ended in Mar. 2024 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.


Chia Ta World Co Days Inventory Related Terms

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


Chia Ta World Co (TPE:2033) Business Description

Traded in Other Exchanges
N/A
Address
Number 16 Lane 317, Chung Cheng North Road, YongKang District, Tainan, TWN
Chia Ta World Co Ltd is engaged in the manufacturing, processing, and distribution of steel products like high carbon steel wires, galvanized steel wires, wire stands, ungalvanized steel bars, and pre stressed concrete steel bars. The Company's products products are widely used in Spring/Suspension Industry, Mattress Manufacturing, Pre-stressed Concrete Products Industry, Infrastructure (Bridges, Beams, and Civil Engineering), Construction Industry and much more.

Chia Ta World Co (TPE:2033) Headlines

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