Hotai Motor Co (TPE:2207) Inventory Turnover : 3.48 (As of Mar. 2024)

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What is Hotai Motor 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. Hotai Motor Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$54,614 Mil. Hotai Motor Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$15,689 Mil. Hotai Motor Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hotai Motor Co's Days Inventory for the three months ended in Mar. 2024 was 26.21.

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. Hotai Motor Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Hotai Motor Co Inventory Turnover Historical Data

The historical data trend for Hotai Motor 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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Hotai Motor Co Inventory Turnover Chart

Hotai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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15.69

15.23

18.17

17.44

13.80

Hotai Motor Co 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															2.90	2.80	3.17	3.36	3.48

Hotai Motor Co Inventory Turnover Calculation

Hotai Motor 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 )
=	208731.32	/ (	(13280.667	+	16979.7)	/	2 )
=	208731.32	/	15130.1835
=	13.80

Hotai Motor 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 )
=	54613.668	/ (	(16979.7	+	14397.716)	/	2 )
=	54613.668	/	15688.708
=	3.48

Hotai Motor Co (TPE:2207) 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.

Hotai Motor 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
	=	15688.708	/	54613.668	*	365 / 4
	=	26.21

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.

Hotai Motor 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 )
	=	15688.708	/	64467.315
	=	0.24

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.

Hotai Motor Co Inventory Turnover Related Terms

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Hotai Motor Co (TPE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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