Eastern Union Interactive (ROCO:7738) Inventory Turnover : 550.20 (As of Jun. 2024)

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What is Eastern Union Interactive 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. Eastern Union Interactive's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$113.6 Mil. Eastern Union Interactive's Average Total Inventories for the quarter that ended in Jun. 2024 was NT$0.2 Mil. Eastern Union Interactive's Inventory Turnover for the quarter that ended in Jun. 2024 was 550.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eastern Union Interactive's Days Inventory for the six months ended in Jun. 2024 was 0.33.

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. Eastern Union Interactive's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.00.

Eastern Union Interactive Inventory Turnover Historical Data

The historical data trend for Eastern Union Interactive'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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Eastern Union Interactive Inventory Turnover Chart

Eastern Union Interactive Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

2,237.75

953.98

921.68

Eastern Union Interactive Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	-	-	436.58	480.53	550.20

Eastern Union Interactive Inventory Turnover Calculation

Eastern Union Interactive'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 )
=	195.396	/ (	(0.19	+	0.234)	/	2 )
=	195.396	/	0.212
=	921.68

Eastern Union Interactive'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 )
=	113.616	/ (	(0.234	+	0.179)	/	2 )
=	113.616	/	0.2065
=	550.20

Eastern Union Interactive (ROCO:7738) 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.

Eastern Union Interactive'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
	=	0.2065	/	113.616	*	365 / 2
	=	0.33

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.

Eastern Union Interactive'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 )
	=	0.2065	/	210.677
	=	0.00

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.

Eastern Union Interactive Inventory Turnover Related Terms

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Eastern Union Interactive Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

7F-1 , No. 51, Zhongyang Road, Sect. 4, Tucheng District, New Taipei, TWN

Website

Eastern Union Interactive Corp is a Company that offers a safe platform that provides safe and convenient cross-border financial services. Its service scope includes Indonesia, the Philippines, Vietnam, Thailand, etc. which is of positive help in guiding foreign migrant workers to handle remittances through legal channels and thereby establishing inclusive finance. It has obtained a foreign small-amount exchange license for foreign migrant workers in Taiwan. Legal services for foreign migrant workers working in Taiwan, Make cross-border remittances.

Eastern Union Interactive Headlines

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