Naturewise Biotech & Medicals (ROCO:4732) Inventory Turnover : 0.77 (As of Jun. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Naturewise Biotech & Medicals 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. Naturewise Biotech & Medicals's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$58.8 Mil. Naturewise Biotech & Medicals's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$76.3 Mil. Naturewise Biotech & Medicals's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Naturewise Biotech & Medicals's Days Inventory for the six months ended in Jun. 2024 was 237.02.

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. Naturewise Biotech & Medicals's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.58.

Naturewise Biotech & Medicals Inventory Turnover Historical Data

The historical data trend for Naturewise Biotech & Medicals'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.

* Premium members only.

Naturewise Biotech & Medicals Inventory Turnover Chart

Naturewise Biotech & Medicals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.05

2.93

2.22

1.71

1.02

Naturewise Biotech & Medicals Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.80	0.56	0.65	0.77

Naturewise Biotech & Medicals Inventory Turnover Calculation

Naturewise Biotech & Medicals'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 )
=	72.763	/ (	(59.557	+	82.5)	/	2 )
=	72.763	/	71.0285
=	1.02

Naturewise Biotech & Medicals's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	58.772	/ (	(82.5	+	70.16)	/	2 )
=	58.772	/	76.33
=	0.77

Naturewise Biotech & Medicals (ROCO:4732) 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.

Naturewise Biotech & Medicals's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	76.33	/	58.772	*	365 / 2
	=	237.02

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.

Naturewise Biotech & Medicals's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	76.33	/	130.795
	=	0.58

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.

Naturewise Biotech & Medicals Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Naturewise Biotech & Medicals's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Naturewise Biotech & Medicals Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Naturewise Biotech & Medicals Corp (ROCO:4732) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 36, Bade Road, 6th Floor, Section 3, Songshan District, Taipei, TWN, 105

Website

https://www.naturewise.com.tw

Naturewise Biotech & Medicals Corp is a Taiwan-based drug development company that focuses on botanical drug and small molecule therapies. Its products include NBM-BMX Oral Softgel Capsule, Lipocol Forte Capsule, and PPLs Taiwan Green Propolis.

Naturewise Biotech & Medicals Headlines

No Headlines