Kingza International Co (ROCO:2751) Inventory Turnover : 11.45 (As of Dec. 2023)

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What is Kingza International 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. Kingza International Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$352 Mil. Kingza International Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$31 Mil. Kingza International Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kingza International Co's Days Inventory for the six months ended in Dec. 2023 was 15.95.

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. Kingza International Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Kingza International Co Inventory Turnover Historical Data

The historical data trend for Kingza International 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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Kingza International Co Inventory Turnover Chart

Kingza International Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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34.62

29.26

18.42

17.25

20.12

Kingza International Co Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							8.69	7.91	9.19	9.87	11.45

Kingza International Co Inventory Turnover Calculation

Kingza International 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 )
=	646.64	/ (	(31.24	+	33.036)	/	2 )
=	646.64	/	32.138
=	20.12

Kingza International Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	351.904	/ (	(28.456	+	33.036)	/	2 )
=	351.904	/	30.746
=	11.45

Kingza International Co (ROCO:2751) 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.

Kingza International Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	30.746	/	351.904	*	365 / 2
	=	15.95

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.

Kingza International Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	30.746	/	673.401
	=	0.05

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.

Kingza International Co Inventory Turnover Related Terms

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Kingza International Co (ROCO:2751) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kingza International Co Ltd (ROCO:2751) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Gaotie 9th Road, 3rd Floor, Hsinchu County, Zhubei City, TWN

Website

https://www.kingza.com.tw

Kingza International Co Ltd provides catering chain agency. It engages in operating franchise store, chain restaurant system management training, restaurant brand agency, and other services. Its brands include Ginza Katsuko Japanese-style Pork Chop; Duan Chunzhen Beef Noodles, Osaka Osho Dumplings and Kyoto Katsu Beef Japanese-style Fried Steak and many other catering brands.

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