CUB Elecparts (TPE:2231) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is CUB Elecparts 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. CUB Elecparts's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$684 Mil. CUB Elecparts's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,224 Mil. CUB Elecparts's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CUB Elecparts's Days Inventory for the three months ended in Mar. 2024 was 163.26.

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. CUB Elecparts's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.15.

CUB Elecparts Inventory Turnover Historical Data

The historical data trend for CUB Elecparts'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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CUB Elecparts Inventory Turnover Chart

CUB Elecparts Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.75

2.14

2.05

1.67

1.96

CUB Elecparts 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															0.54	0.42	0.51	0.60	0.56

CUB Elecparts Inventory Turnover Calculation

CUB Elecparts'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 )
=	2649.478	/ (	(1421.275	+	1279.866)	/	2 )
=	2649.478	/	1350.5705
=	1.96

CUB Elecparts'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 )
=	684.135	/ (	(1279.866	+	1168.17)	/	2 )
=	684.135	/	1224.018
=	0.56

CUB Elecparts (TPE:2231) 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.

CUB Elecparts'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
	=	1224.018	/	684.135	*	365 / 4
	=	163.26

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.

CUB Elecparts'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 )
	=	1224.018	/	1062.643
	=	1.15

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.

CUB Elecparts Inventory Turnover Related Terms

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CUB Elecparts (TPE:2231) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CUB Elecparts Inc (TPE:2231) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No.6, Lane 546, Sec. 6, Zhanglu Road, Fuhsin Township, Changhua, TWN

Website

https://www.cubelec.com.tw

CUB Elecparts Inc is a manufacturer of basic electrical switches. Its products are used in the original equipment manufacturer industry and the aftermarket. Its products include ignition switches, turn signal switches, headlight switches, power window switches, tire pressure monitoring systems, speed sensors, camshaft sensors, and crankshaft sensors. Its geographical segments include China, Taiwan, the United States, Germany, and other countries.

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