What is Tung Ho Steel Enterprise Inventory-to-Revenue?
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 Average Total Inventories for the quarter that ended in Mar. 2024 was NT$19,836 Mil. Tung Ho Steel Enterprise's Revenue for the
three
months ended in Mar. 2024 was NT$14,846 Mil.
Tung Ho Steel Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.34.
Tung Ho Steel Enterprise's Inventory-to-Revenue for the quarter that ended in Mar. 2024
increased
from Dec. 2023 (1.20) to Dec. 2023 (1.34)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
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
three
months 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.
Tung Ho Steel Enterprise Inventory-to-Revenue Historical Data
The historical data trend for Tung Ho Steel Enterprise's Inventory-to-Revenue 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 Inventory-to-Revenue Chart
Competitive Comparison of Tung Ho Steel Enterprise's Inventory-to-Revenue
For the Steel subindustry, Tung Ho Steel Enterprise's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Tung Ho Steel Enterprise's Inventory-to-Revenue Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tung Ho Steel Enterprise's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Tung Ho Steel Enterprise's Inventory-to-Revenue falls into.
Tung Ho Steel Enterprise Inventory-to-Revenue Calculation
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 fiscal year that 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.
Tung Ho Steel Enterprise (TPE:2006) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
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
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.
Tung Ho Steel Enterprise Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Tung Ho Steel Enterprise's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Tung Ho Steel Enterprise (TPE:2006) Business Description
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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