Sea & Land Transportation Services (ROCO:5603) Inventory Turnover : 2.06 (As of Mar. 2024)

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What is Sea & Land Transportation Services 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. Sea & Land Transportation Services's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$354 Mil. Sea & Land Transportation Services's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$172 Mil. Sea & Land Transportation Services's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sea & Land Transportation Services's Days Inventory for the three months ended in Mar. 2024 was 44.40.

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. Sea & Land Transportation Services's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Sea & Land Transportation Services Inventory Turnover Historical Data

The historical data trend for Sea & Land Transportation Services'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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Sea & Land Transportation Services Inventory Turnover Chart

Sea & Land Transportation Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.90

12.25

17.84

21.37

11.62

Sea & Land Transportation Services 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															4.66	2.82	2.07	2.01	2.06

Sea & Land Transportation Services Inventory Turnover Calculation

Sea & Land Transportation Services'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 )
=	1529.408	/ (	(84.319	+	178.911)	/	2 )
=	1529.408	/	131.615
=	11.62

Sea & Land Transportation Services'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 )
=	353.853	/ (	(178.911	+	165.456)	/	2 )
=	353.853	/	172.1835
=	2.06

Sea & Land Transportation Services (ROCO:5603) 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.

Sea & Land Transportation Services'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
	=	172.1835	/	353.853	*	365 / 4
	=	44.40

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.

Sea & Land Transportation Services'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 )
	=	172.1835	/	402.253
	=	0.43

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.

Sea & Land Transportation Services Inventory Turnover Related Terms

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Sea & Land Transportation Services (ROCO:5603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sea & Land Transportation Services Inc (ROCO:5603) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 171-1, Section 2, Datong Road, 12th Floor, Yuzhi District, New Taipei City, TWN

Website

http://www.sea-land.com.tw

Sea & Land Transportation Services Inc is a Taiwan based company primarily engaged in the shipping and transportation industry. It provides in container yard and shipside container haulage services in Taiwan. The entity offers various container transportation services, such as warehousing, heavy machinery haulage, storage, erection and others. The company operates in three segments Transportation , Machinery transportation and hoisting , LPG Station segments. The company derives majority of revenue from Transportation segment.

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