First Steamship Co (TPE:2601) Inventory Turnover : 0.23 (As of Mar. 2024)

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What is First Steamship 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. First Steamship Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$452 Mil. First Steamship Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,958 Mil. First Steamship Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. First Steamship Co's Days Inventory for the three months ended in Mar. 2024 was 395.01.

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. First Steamship Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.51.

First Steamship Co Inventory Turnover Historical Data

The historical data trend for First Steamship 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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First Steamship Co Inventory Turnover Chart

First Steamship Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.67

2.11

1.50

1.11

0.96

First Steamship 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															0.25	0.24	0.22	0.25	0.23

First Steamship Co Inventory Turnover Calculation

First Steamship 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 )
=	1893.928	/ (	(1977.679	+	1951.996)	/	2 )
=	1893.928	/	1964.8375
=	0.96

First Steamship 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 )
=	452.281	/ (	(1951.996	+	1963.699)	/	2 )
=	452.281	/	1957.8475
=	0.23

First Steamship Co (TPE:2601) 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.

First Steamship 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
	=	1957.8475	/	452.281	*	365 / 4
	=	395.01

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.

First Steamship 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 )
	=	1957.8475	/	1293.337
	=	1.51

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.

First Steamship Co Inventory Turnover Related Terms

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First Steamship Co (TPE:2601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » First Steamship Co Ltd (TPE:2601) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Fuxing S Road, Da’an, 14th Floor, No.237, Sec. 2, Taipei, TWN, 106

Website

https://www.firsteam.com.tw

First Steamship Co Ltd is Taiwan based company whose business activities are providing business consultation services and investments and selling, renting, investing in construction. Its business activities involve domestic and international sea transportation and related businesses, trading of vessels and related products, providing services of financial leasing, providing business consultation services, trading of cosmetics, furnishings and etc., investments, and selling, renting, investing in construction. It has four operating segments: Shipping business, investing department, retail business, and rental department.

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