Sung Gang (ROCO:6240) Inventory Turnover : 0.00 (As of Mar. 2024)

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What is Sung Gang Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Sung Gang's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8.28 Mil. Sung Gang's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sung Gang's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Sung Gang's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Sung Gang Inventory Turnover Historical Data

The historical data trend for Sung Gang's Inventory Turnover 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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Sung Gang Inventory Turnover Chart

Sung Gang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.45

104.17

Sung Gang Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Sung Gang Inventory Turnover Calculation

Sung Gang's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	33.844	/ (	(0	+	0)	/	1 )
=	33.844	/	0
=	N/A

Sung Gang's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8.275	/ (	(0	+	0)	/	1 )
=	8.275	/	0
=	N/A

Sung Gang (ROCO:6240) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Sung Gang's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0	/	8.275	*	365 / 4
	=	0.00

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.

Sung Gang's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0	/	11.496
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Sung Gang Inventory Turnover Related Terms

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Sung Gang (ROCO:6240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Sung Gang Corp Ltd (ROCO:6240) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 50, Zhongxiao West Road, 100, 9th Floor, Section 1, Zhongzheng District, Taipei, TWN

Website

http://www.kingsinfo.com.tw

Sung Gang Corp Ltd publishes computer related books. The company is also involved in the wholesale of information software and leasing industry. Its products portfolio include Information technology books, Commercial software, Application software, and Computer skill test.

Sung Gang (ROCO:6240) Headlines

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