Lungyen Life Service Co (ROCO:5530) Inventory Turnover : 0.02 (As of Sep. 2024)

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What is Lungyen Life Service 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. Lungyen Life Service Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$441 Mil. Lungyen Life Service Co's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$19,276 Mil. Lungyen Life Service Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lungyen Life Service Co's Days Inventory for the three months ended in Sep. 2024 was 3,990.55.

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. Lungyen Life Service Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 21.61.

Lungyen Life Service Co Inventory Turnover Historical Data

The historical data trend for Lungyen Life Service 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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Lungyen Life Service Co Inventory Turnover Chart

Lungyen Life Service Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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0.09

0.08

0.07

0.08

Lungyen Life Service Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.02

Lungyen Life Service Co Inventory Turnover Calculation

Lungyen Life Service 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 )
=	1509.727	/ (	(17393.973	+	18310.875)	/	2 )
=	1509.727	/	17852.424
=	0.08

Lungyen Life Service Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	440.773	/ (	(19137.109	+	19414.678)	/	2 )
=	440.773	/	19275.8935
=	0.02

Lungyen Life Service Co (ROCO:5530) 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.

Lungyen Life Service Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	19275.8935	/	440.773	*	365 / 4
	=	3,990.55

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.

Lungyen Life Service Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	19275.8935	/	891.875
	=	21.61

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.

Lungyen Life Service Co Inventory Turnover Related Terms

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Lungyen Life Service Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Lungyen Life Service Co Ltd (ROCO:5530) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No.166, Minquan E. Road, Section 2, 1st Floor, Taipei, TWN

Website

https://www.lungyengroup.com.tw

Lungyen Life Service Co Ltd is engaged in the production of funeral facilities and services. The company's operating segments include of five segments: columbarium sales , funeral service, property lease, cemetery operation and others, and construction sales. Columbarium sales segment is engaged in columbarium related business. The funeral service segment is engaged in funeral service business. The property lease segment is engaged in real estate rental. The segment of cemetery operation and others are engaged in management and operation of cemeteries. The construction sales segment is engaged in the construction of buildings and sales of real estate. It generates maximum revenue from the Columbarium and Cemetery segment.

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