Taiwan Taxi Co (ROCO:2640) Inventory Turnover : 13.65 (As of Mar. 2024)

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What is Taiwan Taxi 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. Taiwan Taxi Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$382 Mil. Taiwan Taxi Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$28 Mil. Taiwan Taxi Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taiwan Taxi Co's Days Inventory for the three months ended in Mar. 2024 was 6.68.

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. Taiwan Taxi Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Taiwan Taxi Co Inventory Turnover Historical Data

The historical data trend for Taiwan Taxi 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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Taiwan Taxi Co Inventory Turnover Chart

Taiwan Taxi Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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42.21

46.70

43.07

44.50

48.05

Taiwan Taxi Co 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															10.58	10.81	11.31	12.63	13.65

Taiwan Taxi Co Inventory Turnover Calculation

Taiwan Taxi 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 )
=	1526.1	/ (	(32.155	+	31.362)	/	2 )
=	1526.1	/	31.7585
=	48.05

Taiwan Taxi Co'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 )
=	382.084	/ (	(31.362	+	24.62)	/	2 )
=	382.084	/	27.991
=	13.65

Taiwan Taxi Co (ROCO:2640) 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.

Taiwan Taxi Co'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
	=	27.991	/	382.084	*	365 / 4
	=	6.68

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.

Taiwan Taxi Co'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 )
	=	27.991	/	729.536
	=	0.04

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.

Taiwan Taxi Co Inventory Turnover Related Terms

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Taiwan Taxi Co (ROCO:2640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Taiwan Taxi Co Ltd Inc (ROCO:2640) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Chang'an East Road, Zhongshan District, 2nd Floor, No. 162, Section 2, Taipei City, TWN, 241

Website

http://www.taiwantaxi.com.tw

Taiwan Taxi Co Ltd Inc is a platform peripheral sales and service activities derived from the platform, which are divided into product sales and labor services and information media. The company is engaged in providing taxi passengers cars with drivers. It provides taxi services around Taiwan.

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