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RAC Electric Vehicles (ROCO:2237) Days Inventory : 198.75 (As of Jun. 2024)


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What is RAC Electric Vehicles Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RAC Electric Vehicles's Average Total Inventories for the six months ended in Jun. 2024 was NT$517 Mil. RAC Electric Vehicles's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$475 Mil. Hence, RAC Electric Vehicles's Days Inventory for the six months ended in Jun. 2024 was 198.75.

The historical rank and industry rank for RAC Electric Vehicles's Days Inventory or its related term are showing as below:

ROCO:2237' s Days Inventory Range Over the Past 10 Years
Min: 86.08   Med: 289.9   Max: 1089.3
Current: 150.97

During the past 12 years, RAC Electric Vehicles's highest Days Inventory was 1089.30. The lowest was 86.08. And the median was 289.90.

ROCO:2237's Days Inventory is ranked worse than
83.33% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs ROCO:2237: 150.97

RAC Electric Vehicles's Days Inventory increased from Jun. 2023 (77.53) to Jun. 2024 (198.75). It might indicate that RAC Electric Vehicles's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. RAC Electric Vehicles's Inventory Turnover for the six months ended in Jun. 2024 was 0.92.

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. RAC Electric Vehicles's Inventory-to-Revenue for the six months ended in Jun. 2024 was 1.29.


RAC Electric Vehicles Days Inventory Historical Data

The historical data trend for RAC Electric Vehicles'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.

RAC Electric Vehicles Days Inventory Chart

RAC Electric Vehicles 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 552.39 238.97 231.16 120.28 86.08

RAC Electric Vehicles Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
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 221.38 97.69 77.53 123.75 198.75

Competitive Comparison of RAC Electric Vehicles's Days Inventory

For the Auto Manufacturers subindustry, RAC Electric Vehicles'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.


RAC Electric Vehicles's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, RAC Electric Vehicles's Days Inventory distribution charts can be found below:

* The bar in red indicates where RAC Electric Vehicles's Days Inventory falls into.



RAC Electric Vehicles Days Inventory Calculation

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

RAC Electric Vehicles'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
=( (339.622 + 537.714) / 2 ) / 1859.956*365
=438.668 / 1859.956*365
=86.08

RAC Electric Vehicles's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

Days Inventory (Q: Jun. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (537.714 + 495.861) / 2 ) / 474.535*365 / 2
=516.7875 / 474.535*365 / 2
=198.75

* 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.


RAC Electric Vehicles  (ROCO:2237) 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.

RAC Electric Vehicles's Inventory Turnover for the six months ended in Jun. 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.

RAC Electric Vehicles's Inventory to Revenue for the six months ended in Jun. 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.


RAC Electric Vehicles Days Inventory Related Terms

Thank you for viewing the detailed overview of RAC Electric Vehicles's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


RAC Electric Vehicles Business Description

Traded in Other Exchanges
N/A
Address
Fuxing South Road, 4F-1, Number 268, Sec.2, Daan District, Taipei, TWN
RAC Electric Vehicles Inc is a Taiwan-licensed car manufacturer, to develop an all-electric low-floor city bus.

RAC Electric Vehicles Headlines

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