GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Taurus Armas SA (BSP:TASA3) » Definitions » Inventory Turnover

Taurus Armas (BSP:TASA3) Inventory Turnover : 0.46 (As of Dec. 2023)


View and export this data going back to 2004. Start your Free Trial

What is Taurus Armas 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. Taurus Armas's Cost of Goods Sold for the three months ended in Dec. 2023 was R$301 Mil. Taurus Armas's Average Total Inventories for the quarter that ended in Dec. 2023 was R$656 Mil. Taurus Armas's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taurus Armas's Days Inventory for the three months ended in Dec. 2023 was 199.02.

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. Taurus Armas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.57.


Taurus Armas Inventory Turnover Historical Data

The historical data trend for Taurus Armas'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.

* Premium members only.

Taurus Armas Inventory Turnover Chart

Taurus Armas Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.22 3.61 3.86 2.59 1.84

Taurus Armas Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover 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 0.58 0.45 0.49 0.43 0.46

Taurus Armas Inventory Turnover Calculation

Taurus Armas'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 )
=1150.695 / ((604.255 + 646.516) / 2 )
=1150.695 / 625.3855
=1.84

Taurus Armas's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=300.912 / ((666.115 + 646.516) / 2 )
=300.912 / 656.3155
=0.46

* 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.


Taurus Armas  (BSP:TASA3) 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.

Taurus Armas's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=656.3155/300.912*365 / 4
=199.02

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.

Taurus Armas's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=656.3155 / 419.05
=1.57

* 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

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.


Taurus Armas Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Taurus Armas's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Taurus Armas (BSP:TASA3) Business Description

Traded in Other Exchanges
Address
Avenida Sao Borja, Floor 2181, Building A - Fazenda Sao Borja, Sao Leopoldo, RS, BRA, 93035-411
Taurus Armas SA is a company engaged in the manufacturing of small firearms. The company operates in three segments: Firearms; Helmets; and Others, with industrial plants in the Rio Grande do Su, Brazil, and Miami, Florida, United States. The Firearms segment, which is the key revenue driver, includes handguns, long guns, and sub-machine guns.

Taurus Armas (BSP:TASA3) Headlines

No Headlines