Oceanic Beverages Co (TPE:1213) Inventory Turnover : 3.47 (As of Mar. 2024)

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What is Oceanic Beverages 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. Oceanic Beverages Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$50.11 Mil. Oceanic Beverages Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$14.45 Mil. Oceanic Beverages Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oceanic Beverages Co's Days Inventory for the three months ended in Mar. 2024 was 26.32.

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. Oceanic Beverages Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Oceanic Beverages Co Inventory Turnover Historical Data

The historical data trend for Oceanic Beverages 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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Oceanic Beverages Co Inventory Turnover Chart

Oceanic Beverages Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.43

10.78

13.05

16.12

12.52

Oceanic Beverages Co 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															5.05	2.85	2.23	2.71	3.47

Oceanic Beverages Co Inventory Turnover Calculation

Oceanic Beverages 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 )
=	215.158	/ (	(20.146	+	14.216)	/	2 )
=	215.158	/	17.181
=	12.52

Oceanic Beverages Co'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 )
=	50.113	/ (	(14.216	+	14.691)	/	2 )
=	50.113	/	14.4535
=	3.47

Oceanic Beverages Co (TPE:1213) 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.

Oceanic Beverages Co'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
	=	14.4535	/	50.113	*	365 / 4
	=	26.32

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.

Oceanic Beverages Co'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 )
	=	14.4535	/	33.348
	=	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.

Oceanic Beverages Co Inventory Turnover Related Terms

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Oceanic Beverages Co (TPE:1213) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Oceanic Beverages Co Inc (TPE:1213) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

99 Chongyang Road, 10th Floor, Section 3, Sanchong District, New Taipei, TWN

Website

https://www.applesidra.com.tw

Oceanic Beverages Co Inc operates in the beverages industry. The company is engaged in the manufacturing of beverages like soda, tea, juice, lactic acid, and distilled water. The Group has two reportable divisions, the Beverages Sales Division, and the Shanghai Operations Division. The Beverages Sales Division is mainly engaged in the manufacture, wholesale and retail of various soft drinks and beverages.

Oceanic Beverages Co (TPE:1213) Headlines

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