Zimmite Taiwan (ROCO:8435) Inventory Turnover : 1.17 (As of Mar. 2024)

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What is Zimmite Taiwan 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. Zimmite Taiwan's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$78.4 Mil. Zimmite Taiwan's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$67.1 Mil. Zimmite Taiwan's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zimmite Taiwan's Days Inventory for the three months ended in Mar. 2024 was 78.08.

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. Zimmite Taiwan's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Zimmite Taiwan Inventory Turnover Historical Data

The historical data trend for Zimmite Taiwan'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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Zimmite Taiwan Inventory Turnover Chart

Zimmite Taiwan Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.82

6.03

5.92

5.01

4.52

Zimmite Taiwan 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															1.00	1.31	1.26	1.21	1.17

Zimmite Taiwan Inventory Turnover Calculation

Zimmite Taiwan'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 )
=	361.657	/ (	(92.01	+	67.988)	/	2 )
=	361.657	/	79.999
=	4.52

Zimmite Taiwan'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 )
=	78.412	/ (	(67.988	+	66.209)	/	2 )
=	78.412	/	67.0985
=	1.17

Zimmite Taiwan (ROCO:8435) 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.

Zimmite Taiwan'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
	=	67.0985	/	78.412	*	365 / 4
	=	78.08

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.

Zimmite Taiwan'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 )
	=	67.0985	/	157.079
	=	0.43

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.

Zimmite Taiwan Inventory Turnover Related Terms

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Zimmite Taiwan (ROCO:8435) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zimmite Taiwan Ltd (ROCO:8435) » Definitions » Inventory Turnover

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Address

No.77, Sec. 1, Xintai 5th Road, 5F-4, New Taipei City, TWN, 22101

Website

http://www.zimmite.com

Zimmite Taiwan Ltd is a Taiwan based company engaged in industrial water treatment business. It provides a comprehensive water treatment program, diagnostics, and specialty formulas. The company offered services include the production of proprietary and custom formulas, product development, after-sale product support and full technical support of industrial water treatment. The company serves a broad range of customers, including oil refineries and petrochemicals production plants, power generation plants, textile manufacturing processes, public facilities and others.

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