2Go Group (PHS:2GO) Inventory Turnover : 9.74 (As of Mar. 2023)

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What is 2Go Group 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. 2Go Group's Cost of Goods Sold for the three months ended in Mar. 2023 was ₱4,578 Mil. 2Go Group's Average Total Inventories for the quarter that ended in Mar. 2023 was ₱470 Mil. 2Go Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 9.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. 2Go Group's Days Inventory for the three months ended in Mar. 2023 was 9.37.

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. 2Go Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.09.

2Go Group Inventory Turnover Historical Data

The historical data trend for 2Go Group'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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2Go Group Inventory Turnover Chart

2Go Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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31.14

27.92

23.48

24.56

33.48

2Go Group Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Inventory Turnover	Get a 7-Day Free Trial															6.81	8.66	9.48	9.56	9.74

2Go Group Inventory Turnover Calculation

2Go Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	17495.885	/ (	(532.463	+	512.773)	/	2 )
=	17495.885	/	522.618
=	33.48

2Go Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	4577.831	/ (	(512.773	+	426.947)	/	2 )
=	4577.831	/	469.86
=	9.74

2Go Group (PHS:2GO) 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.

2Go Group's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	469.86	/	4577.831	*	365 / 4
	=	9.37

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.

2Go Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	469.86	/	5156.739
	=	0.09

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.

2Go Group Inventory Turnover Related Terms

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2Go Group (PHS:2GO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » 2Go Group Inc (PHS:2GO) » Definitions » Inventory Turnover

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Address

Macapagal Boulevard, 8th Floor Double Dragon Plaza, Tower 1, corner EDSA Extension, Pasay, PHL, 1302

Website

https://www.2go.com.ph

2Go Group Inc is a Philippines-based logistics provider. The group owns and operates successful brands such as 2GO Travel, 2GO Freight, 2GO Express, and 2GO Logistics, offering an array of logistics and travel services. The business functions throughout the Philippines and it offers services such as international shipping, international freight forwarding, customs clearance, domestic shipping, freight and travel, warehousing, land transport, express, projects, and trade. Its reporting segments involve the shipping segment which t provides ocean-going transportation of passengers, rolling cargo, and freight cargo and the non-shipping segment provides logistics, sale of goods, supply chain management, and other services.

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