Basso Industry (TPE:1527) Inventory Turnover : 1.14 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Basso Industry 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. Basso Industry's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$590 Mil. Basso Industry's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$515 Mil. Basso Industry's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Basso Industry's Days Inventory for the three months ended in Mar. 2024 was 79.76.

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. Basso Industry's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.64.

Basso Industry Inventory Turnover Historical Data

The historical data trend for Basso Industry'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.

* Premium members only.

Basso Industry Inventory Turnover Chart

Basso Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.51

4.41

4.45

3.53

3.43

Basso Industry 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															1.01	0.93	1.04	0.92	1.14

Basso Industry Inventory Turnover Calculation

Basso Industry'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 )
=	2103.375	/ (	(684.243	+	542.25)	/	2 )
=	2103.375	/	613.2465
=	3.43

Basso Industry'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 )
=	589.554	/ (	(542.25	+	488.402)	/	2 )
=	589.554	/	515.326
=	1.14

Basso Industry (TPE:1527) 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.

Basso Industry'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
	=	515.326	/	589.554	*	365 / 4
	=	79.76

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.

Basso Industry'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 )
	=	515.326	/	801.461
	=	0.64

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.

Basso Industry Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Basso Industry's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Basso Industry (TPE:1527) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Basso Industry Corp (TPE:1527) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24, 36th Road, Taichung Industrial Park, Taichung, TWN, 40768

Website

https://www.basso.com.tw

Basso Industry Corp is a manufacturer of pneumatic fastening tools. The company produces air nailers, air impact wrenches, air ratchet wrenches, air saws, air hammers, air sanders, air drills and screwdrivers, gas nailers, air grinders, and air carton closers. Basso also offers Original Equipment Manufacturing services including design, molding and casting, machining, polishing, painting, and plastic injection services. The company has one reportable segment, the pneumatic hand tool. This segment is mainly involved in manufacturing and selling nail machines and pneumatic tools, providing products, and managing relevant skills.

Basso Industry (TPE:1527) Headlines

No Headlines