Wisdom Marine Lines Co (TPE:2637) Inventory Turnover : 38.49 (As of Mar. 2024)

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What is Wisdom Marine Lines 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. Wisdom Marine Lines Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,232 Mil. Wisdom Marine Lines Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$84 Mil. Wisdom Marine Lines Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 38.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wisdom Marine Lines Co's Days Inventory for the three months ended in Mar. 2024 was 2.37.

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. Wisdom Marine Lines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.02.

Wisdom Marine Lines Co Inventory Turnover Historical Data

The historical data trend for Wisdom Marine Lines 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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Wisdom Marine Lines Co Inventory Turnover Chart

Wisdom Marine Lines Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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77.89

62.67

40.44

53.85

92.73

Wisdom Marine Lines Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															15.53	18.59	23.12	29.03	38.49

Wisdom Marine Lines Co Inventory Turnover Calculation

Wisdom Marine Lines Co'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 )
=	13577.358	/ (	(98.728	+	194.122)	/	2 )
=	13577.358	/	146.425
=	92.73

Wisdom Marine Lines 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3231.547	/ (	(82.576	+	85.348)	/	2 )
=	3231.547	/	83.962
=	38.49

Wisdom Marine Lines Co (TPE:2637) 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.

Wisdom Marine Lines 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
	=	83.962	/	3231.547	*	365 / 4
	=	2.37

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.

Wisdom Marine Lines 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 )
	=	83.962	/	4730.788
	=	0.02

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.

Wisdom Marine Lines Co Inventory Turnover Related Terms

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Wisdom Marine Lines Co (TPE:2637) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Wisdom Marine Lines Co Ltd (TPE:2637) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Fushing South Road, 7th Floor, No. 237, Section 2, Room 711, Taipei, TWN, 10667

Website

http://www.wisdomlines.com.tw

Wisdom Marine Lines Co Ltd is a transportation and logistics company domiciled in Cayman Island. The company owns, maintains, and operates a fleet of marine transport vessels. Wisdom Marine Lines transports cargo, leases vessels, and provides shipping agency and management services. The company derives its revenue from the following six geographical areas: Japan, the Netherlands, Singapore, Denmark, Germany, and others. The company derives the largest portion of revenue from Singapore followed by Other areas, Japan, the Netherlands, Germany, and Denmark.

Wisdom Marine Lines Co (TPE:2637) Headlines

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