Golden Insurance Brokers Co (ROCO:6028) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is Golden Insurance Brokers Co 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. Golden Insurance Brokers Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,386 Mil. Golden Insurance Brokers Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Golden Insurance Brokers Co's Days Inventory for the six months ended in Dec. 2023 was 0.00.

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. Golden Insurance Brokers Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Golden Insurance Brokers Co Inventory Turnover Historical Data

The historical data trend for Golden Insurance Brokers Co'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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Golden Insurance Brokers Co Inventory Turnover Chart

Golden Insurance Brokers Co Annual Data

Trend

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Dec23

Inventory Turnover

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Golden Insurance Brokers Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											-	-	-	-	-

Golden Insurance Brokers Co Inventory Turnover Calculation

Golden Insurance Brokers Co'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 )
=	2557.539	/ (	(0	+	0)	/	1 )
=	2557.539	/	0
=	N/A

Golden Insurance Brokers Co'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1385.722	/ (	(0	+	0)	/	1 )
=	1385.722	/	0
=	N/A

Golden Insurance Brokers Co (ROCO:6028) 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.

Golden Insurance Brokers Co's Days Inventory for the six 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
	=	0	/	1385.722	*	365 / 2
	=	0.00

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.

Golden Insurance Brokers Co'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 )
	=	0	/	1634.266
	=	0.00

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.

Golden Insurance Brokers Co Inventory Turnover Related Terms

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Golden Insurance Brokers Co (ROCO:6028) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Golden Insurance Brokers Co Ltd (ROCO:6028) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Dashun 1st Road, Zuoying District, Room. 4, 4th Floor, Number 93, Kaohsiung, TWN, 813

Website

http://www.goldennet.com.tw

Golden Insurance Brokers Co Ltd is an Insurance Broker based in Taiwan. The company is involved in providing Life Insurance, Medical Insurance, Savings Insurance and Investment Insurance among others.

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