Chinese Maritime Transport (TPE:2612) Inventory Turnover : 23.37 (As of Dec. 2024)

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What is Chinese Maritime Transport 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. Chinese Maritime Transport's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$901 Mil. Chinese Maritime Transport's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$39 Mil. Chinese Maritime Transport's Inventory Turnover for the quarter that ended in Dec. 2024 was 23.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chinese Maritime Transport's Days Inventory for the three months ended in Dec. 2024 was 3.91.

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. Chinese Maritime Transport's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.03.

Chinese Maritime Transport Inventory Turnover Historical Data

The historical data trend for Chinese Maritime Transport'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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Chinese Maritime Transport Inventory Turnover Chart

Chinese Maritime Transport Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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155.26

166.53

182.23

52.56

71.07

Chinese Maritime Transport Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															18.87	13.27	15.97	20.40	23.37

Chinese Maritime Transport Inventory Turnover Calculation

Chinese Maritime Transport's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	3453.21	/ (	(60.079	+	37.094)	/	2 )
=	3453.21	/	48.5865
=	71.07

Chinese Maritime Transport's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	901.353	/ (	(40.054	+	37.094)	/	2 )
=	901.353	/	38.574
=	23.37

Chinese Maritime Transport (TPE:2612) 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.

Chinese Maritime Transport's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	38.574	/	901.353	*	365 / 4
	=	3.91

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.

Chinese Maritime Transport's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	38.574	/	1273.435
	=	0.03

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.

Chinese Maritime Transport Inventory Turnover Related Terms

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Chinese Maritime Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chinese Maritime Transport Ltd (TPE:2612) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15, Jinan Road, 4th Floor, Section 1, Chinese Maritime Building, Taipei, TWN, 10051

Website

https://www.cmt.tw

Chinese Maritime Transport Ltd provides goods transportation services. The company provides container transportation, warehousing and freight agents for Saudi Arabian Airlines. It generates maximum revenue from container hauling and logistics. The company operates in three segments: Land Transportation and Logistics, and Sea Transportation. The Land Transportation and Logistics segment is involved in container transportation, warehousing, and freight agent businesses. On the other hand, the Sea Transportation segment is engaged in bulk carrier business. The company generates the majority of its revenue from its Shipping department. The company generates its revenue from Asia, America, Europe, and Oceania.

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