Gourmet Master Co (TPE:2723) Days Inventory : 41.99 (As of Mar. 2024)

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What is Gourmet Master Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gourmet Master Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$858 Mil. Gourmet Master Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,864 Mil. Hence, Gourmet Master Co's Days Inventory for the three months ended in Mar. 2024 was 41.99.

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

TPE:2723' s Days Inventory Range Over the Past 10 Years
Min: 23.04 Med: 29.35 Max: 40.08
Current: 40.08

During the past 13 years, Gourmet Master Co's highest Days Inventory was 40.08. The lowest was 23.04. And the median was 29.35.

TPE:2723's Days Inventory is ranked worse than
80.84% of 334 companies
in the Restaurants industry
Industry Median: 15.715 vs TPE:2723: 40.08

Gourmet Master Co's Days Inventory increased from Mar. 2023 (38.02) to Mar. 2024 (41.99). It might indicate that Gourmet Master Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gourmet Master Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.17.

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. Gourmet Master Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.18.

Gourmet Master Co Days Inventory Historical Data

The historical data trend for Gourmet Master 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.

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Gourmet Master Co Days Inventory Chart

Gourmet Master Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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29.94

33.79

33.08

37.52

39.07

Gourmet Master 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															38.02	38.79	41.05	40.39	41.99

Competitive Comparison of Gourmet Master Co's Days Inventory

For the Restaurants subindustry, Gourmet Master 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.

Gourmet Master Co's Days Inventory Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Gourmet Master Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gourmet Master Co's Days Inventory falls into.

Gourmet Master Co Days Inventory Calculation

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

Gourmet Master 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
=	( (935.525	+	862.613)	/	2 )	/	8398.604	*	365
=	899.069					/	8398.604	*	365
=	39.07

Gourmet Master 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
=	( (862.613	+	852.654)	/	2 )	/	1863.883	*	365 / 4
=	857.6335					/	1863.883	*	365 / 4
=	41.99

Gourmet Master Co (TPE:2723) 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.

Gourmet Master Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1863.883	/	857.6335
	=	2.17

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.

Gourmet Master Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	857.6335	/	4647.912
	=	0.18

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.

Gourmet Master Co Days Inventory Related Terms

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

Gourmet Master Co (TPE:2723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gourmet Master Co Ltd (TPE:2723) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, 23rd, Nantun District, Taichung, TWN

Website

https://www.85cafe.com

Gourmet Master Co Ltd operates a chain of cafe stores under the brand 85 Degrees Daily Cafe. Its branch footprints spread across the urban areas of Taiwan, Mainland China, and Hong Kong. The company also owns a few stores in the United States and Australia. The company is mainly engaged in the production and distribution of beverages, including coffee, tea, milk tea, and cold drinks, as well as bakery products such as cakes, bread, and Western-style desserts. Gourmet Master also engages in the retailing of packaged desserts, instant coffee, imported coffee beans, and gift boxes, as well as wholesale bakery machinery.

Gourmet Master Co (TPE:2723) Headlines

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