Formosa Advanced Technologies Co (TPE:8131) Days Inventory : 32.78 (As of Mar. 2024)

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What is Formosa Advanced Technologies Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Formosa Advanced Technologies Co's Average Total Inventories for the three months ended in Mar. 2024 was NT$713 Mil. Formosa Advanced Technologies Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,985 Mil. Hence, Formosa Advanced Technologies Co's Days Inventory for the three months ended in Mar. 2024 was 32.78.

The historical rank and industry rank for Formosa Advanced Technologies Co's Days Inventory or its related term are showing as below:

TPE:8131' s Days Inventory Range Over the Past 10 Years
Min: 22.42 Med: 40.47 Max: 59.59
Current: 40.63

During the past 13 years, Formosa Advanced Technologies Co's highest Days Inventory was 59.59. The lowest was 22.42. And the median was 40.47.

TPE:8131's Days Inventory is ranked better than
87.71% of 944 companies
in the Semiconductors industry
Industry Median: 130.255 vs TPE:8131: 40.63

Formosa Advanced Technologies Co's Days Inventory declined from Mar. 2023 (47.00) to Mar. 2024 (32.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. Formosa Advanced Technologies Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.78.

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. Formosa Advanced Technologies Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.30.

Formosa Advanced Technologies Co Days Inventory Historical Data

The historical data trend for Formosa Advanced Technologies Co's Days 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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Formosa Advanced Technologies Co Days Inventory Chart

Formosa Advanced Technologies Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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22.42

24.68

32.69

38.36

42.57

Formosa Advanced Technologies Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															47.00	47.00	45.33	37.12	32.78

Competitive Comparison of Formosa Advanced Technologies Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Formosa Advanced Technologies Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Formosa Advanced Technologies Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Formosa Advanced Technologies Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Formosa Advanced Technologies Co's Days Inventory falls into.

Formosa Advanced Technologies Co Days Inventory Calculation

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

Formosa Advanced Technologies Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (939.399	+	704.266)	/	2 )	/	7045.693	*	365
=	821.8325					/	7045.693	*	365
=	42.57

Formosa Advanced Technologies Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (704.266	+	721.55)	/	2 )	/	1984.675	*	365 / 4
=	712.908					/	1984.675	*	365 / 4
=	32.78

Formosa Advanced Technologies Co (TPE:8131) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Formosa Advanced Technologies Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1984.675	/	712.908
	=	2.78

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.

Formosa Advanced Technologies Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	712.908	/	2359.653
	=	0.30

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Formosa Advanced Technologies Co Days Inventory Related Terms

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Formosa Advanced Technologies Co (TPE:8131) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Formosa Advanced Technologies Co Ltd (TPE:8131) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.329, Ho-Nan Street, Touliu, TWN, 640

Website

https://www.fatc.com.tw

Formosa Advanced Technologies Co Ltd is a professional manufacturer of DRAM assembly, testing and module Turn-Key service in Taiwan. Its operations include the packaging, testing, processing, and research and development of integrated chips. The group's business activity is operated in Taiwan, Hong Kong, and South Korea. It provides services applied in thin small-outline packages (TSOPs), quad flat packages (QFPs), ball grid array (BGA) packages, chip probing (CP) testing, solid-state disk (SSD) testing, system-in-package (SIP) testing, embedded multimedia card (eMMC) testing, as well as cutting, grinding and testing of light-emitting diodes (LED) wafers, among others.

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