Sincere Navigation (TPE:2605) Change In Inventory : NT$16 Mil (TTM As of Mar. 2024)

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What is Sincere Navigation Change In Inventory?

Sincere Navigation's change in inventory for the quarter that ended in Mar. 2024 was NT$15 Mil. It means Sincere Navigation's inventory declined by NT$15 Mil from Dec. 2023 to Mar. 2024 .

Sincere Navigation's change in inventory for the fiscal year that ended in Dec. 2023 was NT$61 Mil. It means Sincere Navigation's inventory declined by NT$61 Mil from Dec. 2022 to Dec. 2023 .

Sincere Navigation's Total Inventories for the quarter that ended in Mar. 2024 was NT$56 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sincere Navigation's Days Inventory for the quarter that ended in Mar. 2024 was 7.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sincere Navigation's Inventory Turnover for the quarter that ended in Mar. 2024 was 11.64.

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. Sincere Navigation's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Sincere Navigation Change In Inventory Historical Data

The historical data trend for Sincere Navigation's Change In Inventory 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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Sincere Navigation Change In Inventory Chart

Sincere Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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32.91

139.94

-109.51

53.23

61.33

Sincere Navigation Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															59.76	4.38	-217.05	214.25	14.69

Sincere Navigation Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$16 Mil.

Sincere Navigation (TPE:2605) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sincere Navigation's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	63.0425	/	734.084	*	365 / 4
	=	7.84

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sincere Navigation's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	734.084	/	63.0425
	=	11.64

3. 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.

Sincere Navigation's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	63.0425	/	1139.558
	=	0.06

Sincere Navigation Change In Inventory Related Terms

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Sincere Navigation (TPE:2605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sincere Navigation Corp (TPE:2605) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

No. 368, Fuxing South Road, 14th Floor, Section 1, Daan District, Taipei, TWN, 10656

Website

https://www.snc.com.tw

Sincere Navigation Corp is a transportation and logistics company. It s engaged in bulk shipping, tug and barge services, and operating a shipping agency. The fleets operated by the company include Double Hull Handymax Bulker, Double Hull Capesize, Capesize Bulker and Kamsarmax among others.

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