Yang Ming Marine Transport (TPE:2609) Inventory Turnover : 7.31 (As of Mar. 2024)

View and export this data going back to 1992. Start your Free Trial

What is Yang Ming Marine Transport 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. Yang Ming Marine Transport's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$33,701 Mil. Yang Ming Marine Transport's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$4,610 Mil. Yang Ming Marine Transport's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yang Ming Marine Transport's Days Inventory for the three months ended in Mar. 2024 was 12.48.

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. Yang Ming Marine Transport's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Yang Ming Marine Transport Inventory Turnover Historical Data

The historical data trend for Yang Ming Marine Transport'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.

Yang Ming Marine Transport Inventory Turnover Chart

Yang Ming Marine Transport Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

36.36

41.87

43.07

36.83

29.73

Yang Ming Marine Transport Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															7.38	6.97	7.78	7.45	7.31

Yang Ming Marine Transport Inventory Turnover Calculation

Yang Ming Marine Transport'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 )
=	134383.17	/ (	(4503.947	+	4535.017)	/	2 )
=	134383.17	/	4519.482
=	29.73

Yang Ming Marine Transport's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	33700.926	/ (	(4535.017	+	4684.522)	/	2 )
=	33700.926	/	4609.7695
=	7.31

Yang Ming Marine Transport (TPE:2609) 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.

Yang Ming Marine Transport's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4609.7695	/	33700.926	*	365 / 4
	=	12.48

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.

Yang Ming Marine Transport's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4609.7695	/	43801.429
	=	0.11

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.

Yang Ming Marine Transport Inventory Turnover Related Terms

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

Yang Ming Marine Transport (TPE:2609) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Yang Ming Marine Transport Corp (TPE:2609) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 271, Ming De 1st Road, Qidu District, Keelung, TWN, 206

Website

https://www.yangming.com

Yang Ming Marine Transport Corp is a transportation and logistics company that is headquartered in Taiwan and operates in the container shipping industry. The company has three segments: containership, bulk shipping, and others. It generates revenue from contracts with customers for providing domestic and overseas marine container shipping and passenger services. The company also earns revenue from operating leases on ships, containers, and warehouses. It earns the largest portion of its sales from customers in America, followed by Europe and Asia.

Yang Ming Marine Transport (TPE:2609) Headlines

No Headlines