Easywell Biomedicals (ROCO:1799) Inventory Turnover : 0.58 (As of Mar. 2024)

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What is Easywell Biomedicals 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. Easywell Biomedicals's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$29.7 Mil. Easywell Biomedicals's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$51.5 Mil. Easywell Biomedicals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Easywell Biomedicals's Days Inventory for the three months ended in Mar. 2024 was 157.84.

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. Easywell Biomedicals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Easywell Biomedicals Inventory Turnover Historical Data

The historical data trend for Easywell Biomedicals'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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Easywell Biomedicals Inventory Turnover Chart

Easywell Biomedicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.43

9.38

5.67

4.33

2.93

Easywell Biomedicals 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															0.61	0.81	0.57	0.77	0.58

Easywell Biomedicals Inventory Turnover Calculation

Easywell Biomedicals'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 )
=	100.91	/ (	(26.825	+	42.171)	/	2 )
=	100.91	/	34.498
=	2.93

Easywell Biomedicals'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 )
=	29.748	/ (	(42.171	+	60.744)	/	2 )
=	29.748	/	51.4575
=	0.58

Easywell Biomedicals (ROCO:1799) 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.

Easywell Biomedicals'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
	=	51.4575	/	29.748	*	365 / 4
	=	157.84

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.

Easywell Biomedicals'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 )
	=	51.4575	/	73.418
	=	0.70

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.

Easywell Biomedicals Inventory Turnover Related Terms

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Easywell Biomedicals (ROCO:1799) Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Easywell Biomedicals Inc (ROCO:1799) » Definitions » Inventory Turnover

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Address

No.10, Yanfa 2nd Rd, Hsinchu Science Park, 1st floor, Hsinchu, TWN, 30076

Website

http://www.easywellbio.com/en/index.php

Easywell Biomedicals Inc is engaged in the design, manufacture, and sales of thermometers for measuring body temperature and other medical instruments such as digital clinical thermometers, infrared ear thermometers, probe covers, and blood/urine/total cholesterol metabolites monitoring systems, among others. It has a Drug development segment and Other segments.

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