Medigen Vaccine Biologics (ROCO:6547) Inventory Turnover : 0.13 (As of Dec. 2024)

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What is Medigen Vaccine Biologics 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. Medigen Vaccine Biologics's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$57.0 Mil. Medigen Vaccine Biologics's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$442.7 Mil. Medigen Vaccine Biologics's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medigen Vaccine Biologics's Days Inventory for the three months ended in Dec. 2024 was 708.84.

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. Medigen Vaccine Biologics's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 3.44.

Medigen Vaccine Biologics Inventory Turnover Historical Data

The historical data trend for Medigen Vaccine Biologics'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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Medigen Vaccine Biologics Inventory Turnover Chart

Medigen Vaccine Biologics Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.09

3.05

1.04

0.34

0.50

Medigen Vaccine Biologics Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.09	0.03	0.08	0.23	0.13

Medigen Vaccine Biologics Inventory Turnover Calculation

Medigen Vaccine Biologics's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	209.215	/ (	(383.635	+	452.062)	/	2 )
=	209.215	/	417.8485
=	0.50

Medigen Vaccine Biologics's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	56.992	/ (	(433.38	+	452.062)	/	2 )
=	56.992	/	442.721
=	0.13

Medigen Vaccine Biologics (ROCO:6547) 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.

Medigen Vaccine Biologics's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	442.721	/	56.992	*	365 / 4
	=	708.84

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.

Medigen Vaccine Biologics's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	442.721	/	128.805
	=	3.44

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.

Medigen Vaccine Biologics Inventory Turnover Related Terms

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Medigen Vaccine Biologics Business Description

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GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medigen Vaccine Biologics Corp (ROCO:6547) » Definitions » Inventory Turnover

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Address

No. 16, Neihu Road, Lane 120, Floor 7, Section 1, Neihu District, Taipei, TWN, 11493

Website

https://www.medigenvac.com

Medigen Vaccine Biologics Corp is a biopharmaceutical company focusing on developing and producing vaccines and biologics. It is engaged in developing IP-protected cell-culture technologies for vaccine manufacturing. The company develops vaccines and affordable biosimilars to prevent regional infectious diseases. The group generates revenue from manufacturing and selling a range of Covid-19 vaccines and Covid-19 test kits and provides technical services on cellular therapy product quality and cell culture tests.

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