SOS (SOS) Inventory Turnover : 0.94 (As of Jun. 2023)

View and export this data going back to 2017. Start your Free Trial

What is SOS 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. SOS's Cost of Goods Sold for the six months ended in Jun. 2023 was $41.7 Mil. SOS's Average Total Inventories for the quarter that ended in Jun. 2023 was $44.4 Mil. SOS's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SOS's Days Inventory for the six months ended in Jun. 2023 was 194.09.

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. SOS's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.06.

SOS Inventory Turnover Historical Data

The historical data trend for SOS'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.

SOS Inventory Turnover Chart

SOS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

4.59

5.06

SOS Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial												1.63	1.36	1.13	2.87	0.94

SOS Inventory Turnover Calculation

SOS'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 )
=	270.597	/ (	(60.587	+	46.273)	/	2 )
=	270.597	/	53.43
=	5.06

SOS's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	41.716	/ (	(46.273	+	42.456)	/	2 )
=	41.716	/	44.3645
=	0.94

SOS (NYSE:SOS) 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.

SOS's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	44.3645	/	41.716	*	365 / 2
	=	194.09

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.

SOS's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	44.3645	/	41.806
	=	1.06

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.

SOS Inventory Turnover Related Terms

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

SOS (SOS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SOS Ltd (NYSE:SOS) » Definitions » Inventory Turnover

Comparable Companies

CISO SKKY VRAR JG VHC CLOQ SDCH MRDB RVYL TGCB MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SPLK

Traded in Other Exchanges

2C3:Germany

Address

298 Haijing Road, Yinzhu Street, Building 6, East Seaview Park, West Coast New District, Shandong Province, Qingdao, CHN, 266400

Website

https://www.sosyun.com

SOS Ltd is engaged in the provision of emergency rescue business providing emergency healthcare services, emergency roadside assistance, emergency living assistance, and other rescue services in China. The company's segment includes Insurance marketing; Commodity trading and others. It generates maximum revenue from the Commodity trading segment. Its services are sold to corporate clients and individual members. Its services include SOS medical rescue card, SOS auto rescue card, SOS financial rescue card, SOS life rescue card, SOS cloud call center, and SOS big data management cloud.