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First Steamship Co (TPE:2601) Days Inventory : 395.01 (As of Mar. 2024)


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What is First Steamship Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). First Steamship Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$1,958 Mil. First Steamship Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$452 Mil. Hence, First Steamship Co's Days Inventory for the three months ended in Mar. 2024 was 395.01.

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

TPE:2601' s Days Inventory Range Over the Past 10 Years
Min: 38.02   Med: 149.42   Max: 380.49
Current: 380.49

During the past 13 years, First Steamship Co's highest Days Inventory was 380.49. The lowest was 38.02. And the median was 149.42.

TPE:2601's Days Inventory is ranked worse than
98.47% of 782 companies
in the Transportation industry
Industry Median: 11.49 vs TPE:2601: 380.49

First Steamship Co's Days Inventory increased from Mar. 2023 (364.56) to Mar. 2024 (395.01). It might indicate that First Steamship Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. First Steamship Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.23.

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. First Steamship Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.51.


First Steamship Co Days Inventory Historical Data

The historical data trend for First Steamship 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.

First Steamship Co Days Inventory Chart

First Steamship Co 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 136.87 172.79 243.95 328.05 378.67

First Steamship Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 364.56 379.52 412.03 370.85 395.01

Competitive Comparison of First Steamship Co's Days Inventory

For the Marine Shipping subindustry, First Steamship 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.


First Steamship Co's Days Inventory Distribution in the Transportation Industry

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

* The bar in red indicates where First Steamship Co's Days Inventory falls into.



First Steamship Co Days Inventory Calculation

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

First Steamship 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
=( (1977.679 + 1951.996) / 2 ) / 1893.928*365
=1964.8375 / 1893.928*365
=378.67

First Steamship Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1951.996 + 1963.699) / 2 ) / 452.281*365 / 4
=1957.8475 / 452.281*365 / 4
=395.01

* 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.


First Steamship Co  (TPE:2601) 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.

First Steamship Co's Inventory Turnover for the three months ended in Mar. 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.

First Steamship Co's Inventory to Revenue for the three months ended in Mar. 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.


First Steamship Co Days Inventory Related Terms

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


First Steamship Co (TPE:2601) Business Description

Traded in Other Exchanges
N/A
Address
Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106
First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

First Steamship Co (TPE:2601) Headlines

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