Gourmet Master Co (TPE:2723) Inventory Turnover : 2.17 (As of Mar. 2024)

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What is Gourmet Master 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. Gourmet Master Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,864 Mil. Gourmet Master Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$858 Mil. Gourmet Master Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gourmet Master Co's Days Inventory for the three months ended in Mar. 2024 was 41.99.

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. Gourmet Master Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Gourmet Master Co Inventory Turnover Historical Data

The historical data trend for Gourmet Master 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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Gourmet Master Co Inventory Turnover Chart

Gourmet Master Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.19

10.80

11.04

9.73

9.34

Gourmet Master 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															2.40	2.35	2.22	2.26	2.17

Gourmet Master Co Inventory Turnover Calculation

Gourmet Master 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 )
=	8398.604	/ (	(935.525	+	862.613)	/	2 )
=	8398.604	/	899.069
=	9.34

Gourmet Master 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 )
=	1863.883	/ (	(862.613	+	852.654)	/	2 )
=	1863.883	/	857.6335
=	2.17

Gourmet Master Co (TPE:2723) 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.

Gourmet Master 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
	=	857.6335	/	1863.883	*	365 / 4
	=	41.99

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.

Gourmet Master 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 )
	=	857.6335	/	4647.912
	=	0.18

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.

Gourmet Master Co Inventory Turnover Related Terms

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Gourmet Master Co (TPE:2723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Gourmet Master Co Ltd (TPE:2723) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, 23rd, Nantun District, Taichung, TWN

Website

https://www.85cafe.com

Gourmet Master Co Ltd operates a chain of cafe stores under the brand 85 Degrees Daily Cafe. Its branch footprints spread across the urban areas of Taiwan, Mainland China, and Hong Kong. The company also owns a few stores in the United States and Australia. The company is mainly engaged in the production and distribution of beverages, including coffee, tea, milk tea, and cold drinks, as well as bakery products such as cakes, bread, and Western-style desserts. Gourmet Master also engages in the retailing of packaged desserts, instant coffee, imported coffee beans, and gift boxes, as well as wholesale bakery machinery.

Gourmet Master Co (TPE:2723) Headlines

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