Franbo Lines (ROCO:2641) Inventory Turnover : 0.26 (As of Mar. 2024)

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What is Franbo Lines 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. Franbo Lines's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$208 Mil. Franbo Lines's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$800 Mil. Franbo Lines's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Franbo Lines's Days Inventory for the three months ended in Mar. 2024 was 350.10.

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. Franbo Lines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.05.

Franbo Lines Inventory Turnover Historical Data

The historical data trend for Franbo Lines'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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Franbo Lines Inventory Turnover Chart

Franbo Lines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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60.73

75.76

91.46

2.26

1.04

Franbo Lines 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															0.23	0.30	0.25	0.30	0.26

Franbo Lines Inventory Turnover Calculation

Franbo Lines'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 )
=	727.426	/ (	(610.377	+	786.1)	/	2 )
=	727.426	/	698.2385
=	1.04

Franbo Lines'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 )
=	208.445	/ (	(786.1	+	813.397)	/	2 )
=	208.445	/	799.7485
=	0.26

Franbo Lines (ROCO:2641) 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.

Franbo Lines'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
	=	799.7485	/	208.445	*	365 / 4
	=	350.10

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.

Franbo Lines'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 )
	=	799.7485	/	389.916
	=	2.05

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.

Franbo Lines Inventory Turnover Related Terms

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Franbo Lines (ROCO:2641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Franbo Lines Corp (ROCO:2641) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Haibian Road, 3rd Floor, No.31, Lingya District, Kaohsiung, TWN, 802

Website

http://www.franbo.com.tw

Franbo Lines Corp is a Taiwan based company engaged in offering ocean transport, consulting and shipping agency services. It provides the ship freight forwarder, ship chartering, ship operation and other services. Its business areas include Time charter of vessel, Freight forwarding service and Vessel management. The company owned the vessels with the official cross-strait direct flights were given special permission which is one of the majority's bulk carrier and general cargo shipping business between China and Taiwan.

Franbo Lines (ROCO:2641) Headlines

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