Taiwan Taxi Co (ROCO:2640) Days Inventory : 7.23 (As of Dec. 2023)

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What is Taiwan Taxi Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Taiwan Taxi Co's Average Total Inventories for the three months ended in Dec. 2023 was NT$32 Mil. Taiwan Taxi Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$409 Mil. Hence, Taiwan Taxi Co's Days Inventory for the three months ended in Dec. 2023 was 7.23.

The historical rank and industry rank for Taiwan Taxi Co's Days Inventory or its related term are showing as below:

ROCO:2640' s Days Inventory Range Over the Past 10 Years
Min: 7.6 Med: 9.88 Max: 25.59
Current: 7.97

During the past 13 years, Taiwan Taxi Co's highest Days Inventory was 25.59. The lowest was 7.60. And the median was 9.88.

ROCO:2640's Days Inventory is ranked better than
60.64% of 780 companies
in the Transportation industry
Industry Median: 11.4 vs ROCO:2640: 7.97

Taiwan Taxi Co's Days Inventory declined from Dec. 2022 (8.63) to Dec. 2023 (7.23).

Inventory Turnover measures how fast the company turns over its inventory within a year. Taiwan Taxi Co's Inventory Turnover for the three months ended in Dec. 2023 was 12.63.

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. Taiwan Taxi Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Taiwan Taxi Co Days Inventory Historical Data

The historical data trend for Taiwan Taxi Co'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.

Taiwan Taxi Co Days Inventory Chart

Taiwan Taxi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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8.65

7.82

8.48

8.20

7.60

Taiwan Taxi Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															8.63	8.62	8.44	8.07	7.23

Competitive Comparison of Taiwan Taxi Co's Days Inventory

For the Railroads subindustry, Taiwan Taxi Co'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.

Taiwan Taxi Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Taiwan Taxi Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Taiwan Taxi Co's Days Inventory falls into.

Taiwan Taxi Co Days Inventory Calculation

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

Taiwan Taxi Co'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
=	( (32.155	+	31.362)	/	2 )	/	1526.1	*	365
=	31.7585					/	1526.1	*	365
=	7.60

Taiwan Taxi Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (33.397	+	31.362)	/	2 )	/	408.864	*	365 / 4
=	32.3795					/	408.864	*	365 / 4
=	7.23

Taiwan Taxi Co (ROCO:2640) 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.

Taiwan Taxi Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	408.864	/	32.3795
	=	12.63

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.

Taiwan Taxi Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32.3795	/	792.035
	=	0.04

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.

Taiwan Taxi Co Days Inventory Related Terms

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

Taiwan Taxi Co (ROCO:2640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Taxi Co Ltd Inc (ROCO:2640) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chang'an East Road, Zhongshan District, 2nd Floor, No. 162, Section 2, Taipei City, TWN, 241

Website

http://www.taiwantaxi.com.tw

Taiwan Taxi Co Ltd Inc is a platform peripheral sales and service activities derived from the platform, which are divided into product sales and labor services and information media. The company is engaged in providing taxi passengers cars with drivers. It provides taxi services around Taiwan.

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