Far East Bio Tec Co (ROCO:6886) Inventory Turnover : 1.11 (As of Jun. 2024)

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What is Far East Bio Tec 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. Far East Bio Tec Co's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$86.9 Mil. Far East Bio Tec Co's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$78.3 Mil. Far East Bio Tec Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Far East Bio Tec Co's Days Inventory for the six months ended in Jun. 2024 was 164.60.

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. Far East Bio Tec Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.46.

Far East Bio Tec Co Inventory Turnover Historical Data

The historical data trend for Far East Bio Tec 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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Far East Bio Tec Co Inventory Turnover Chart

Far East Bio Tec Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

3.18

3.73

2.94

2.29

Far East Bio Tec Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			1.50	1.26	1.15	1.14	1.11

Far East Bio Tec Co Inventory Turnover Calculation

Far East Bio Tec 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 )
=	163.945	/ (	(67.041	+	76.135)	/	2 )
=	163.945	/	71.588
=	2.29

Far East Bio Tec Co'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 )
=	86.865	/ (	(76.135	+	80.552)	/	2 )
=	86.865	/	78.3435
=	1.11

Far East Bio Tec Co (ROCO:6886) 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.

Far East Bio Tec Co'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
	=	78.3435	/	86.865	*	365 / 2
	=	164.60

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.

Far East Bio Tec Co'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 )
	=	78.3435	/	168.92
	=	0.46

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.

Far East Bio Tec Co Inventory Turnover Related Terms

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Far East Bio Tec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Far East Bio Tec Co Ltd (ROCO:6886) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3. Yuan Chui Street, Room A, 13th Floor, Nan-Gang District, Taipei, TWN, 115

Website

https://www.febico.com.tw

Far East Bio Tec Co Ltd is a manufacturer of Organic Spirulina, Organic Chlorella, Spirulina natural, and Chlorella natural, nutritional supplements. The firm uses fermentation facilities to produce high-quality nattokinase and spore-forming probiotics. Its products comprise products Organic Spirulina, Organic Chlorella, Chlorella Growth Factor, Phycocyanin, Nattokinase, Lactobacillus sporogenes probiotics, Apogen Microalgae Protein, DHA Algae Oil.

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