Tigerair Taiwan Co (TPE:6757) Inventory Turnover : 681,026.00 (As of Mar. 2024)

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What is Tigerair Taiwan 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. Tigerair Taiwan Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,724 Mil. Tigerair Taiwan Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$0 Mil. Tigerair Taiwan Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 681,026.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tigerair Taiwan Co's Days Inventory for the three months ended in Mar. 2024 was 0.00.

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. Tigerair Taiwan Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Tigerair Taiwan Co Inventory Turnover Historical Data

The historical data trend for Tigerair Taiwan 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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Tigerair Taiwan Co Inventory Turnover Chart

Tigerair Taiwan Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4,720.26

6,971.96

108,618.21

2,006,898.67

Tigerair Taiwan Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															403,077.11	537,287.75	624,336.25	642,675.25	681,026.00

Tigerair Taiwan Co Inventory Turnover Calculation

Tigerair Taiwan 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 )
=	9031.044	/ (	(0.005	+	0.004)	/	2 )
=	9031.044	/	0.0045
=	2,006,898.67

Tigerair Taiwan 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 )
=	2724.104	/ (	(0.004	+	0.004)	/	2 )
=	2724.104	/	0.004
=	681,026.00

Tigerair Taiwan Co (TPE:6757) 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.

Tigerair Taiwan 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
	=	0.004	/	2724.104	*	365 / 4
	=	0.00

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.

Tigerair Taiwan 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 )
	=	0.004	/	4246.512
	=	0.00

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.

Tigerair Taiwan Co Inventory Turnover Related Terms

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Tigerair Taiwan Co (TPE:6757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tigerair Taiwan Co Ltd (TPE:6757) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1, Hangqin S. Road, Dayuan District, Taoyuan, TWN

Website

https://www.tigerairtw.com

Tigerair Taiwan Co Ltd operates in a Civil air transportation industry. It provides civil transportation services.

Tigerair Taiwan Co (TPE:6757) Headlines

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