Evergreen Marine (Taiwan) (TPE:2603) Inventory Turnover : 6.65 (As of Mar. 2024)

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What is Evergreen Marine (Taiwan) 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. Evergreen Marine (Taiwan)'s Cost of Goods Sold for the three months ended in Mar. 2024 was NT$69,689 Mil. Evergreen Marine (Taiwan)'s Average Total Inventories for the quarter that ended in Mar. 2024 was NT$10,478 Mil. Evergreen Marine (Taiwan)'s Inventory Turnover for the quarter that ended in Mar. 2024 was 6.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Evergreen Marine (Taiwan)'s Days Inventory for the three months ended in Mar. 2024 was 13.72.

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. Evergreen Marine (Taiwan)'s Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Evergreen Marine (Taiwan) Inventory Turnover Historical Data

The historical data trend for Evergreen Marine (Taiwan)'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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Evergreen Marine (Taiwan) Inventory Turnover Chart

Evergreen Marine (Taiwan) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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36.50

43.21

42.74

33.80

25.45

Evergreen Marine (Taiwan) 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															6.60	6.25	5.71	5.48	6.65

Evergreen Marine (Taiwan) Inventory Turnover Calculation

Evergreen Marine (Taiwan)'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 )
=	226805.671	/ (	(7705.265	+	10116.932)	/	2 )
=	226805.671	/	8911.0985
=	25.45

Evergreen Marine (Taiwan)'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 )
=	69689.351	/ (	(10116.932	+	10839.101)	/	2 )
=	69689.351	/	10478.0165
=	6.65

Evergreen Marine (Taiwan) (TPE:2603) 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.

Evergreen Marine (Taiwan)'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
	=	10478.0165	/	69689.351	*	365 / 4
	=	13.72

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.

Evergreen Marine (Taiwan)'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 )
	=	10478.0165	/	88638.659
	=	0.12

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.

Evergreen Marine (Taiwan) Inventory Turnover Related Terms

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Evergreen Marine (Taiwan) (TPE:2603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Evergreen Marine Corp (Taiwan) Ltd (TPE:2603) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 166, Minsheng East Road, Section 2, Zhongshan District, Taipei, TWN

Website

https://www.evergreen-marine.com

Evergreen Marine (Taiwan) is a transportation and logistics company domiciled in Taiwan. The company's main source of revenue is generated by transporting goods via its fleet of cargo ships. The company also manufactures, repairs, and distributes shipping containers; loads and unloads cargo; and provides logistics support services. The company principally derives revenue from the Americas and Europe, followed by Taiwan.

Evergreen Marine (Taiwan) (TPE:2603) Headlines

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