Himax Technologies (Himax Technologies) Days Inventory

: 137.14 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Himax Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $238.5 Mil. Himax Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $158.7 Mil. Hence, Himax Technologies's Days Inventory for the three months ended in Dec. 2023 was 137.14.

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

HIMX' s Days Inventory Range Over the Past 10 Years
Min: 69.13 Med: 99.57 Max: 158.47
Current: 158.47

During the past 13 years, Himax Technologies's highest Days Inventory was 158.47. The lowest was 69.13. And the median was 99.57.

HIMX's Days Inventory is ranked worse than
62.23% of 940 companies
in the Semiconductors industry
Industry Median: 131.81 vs HIMX: 158.47

Himax Technologies's Days Inventory declined from Dec. 2022 (195.53) to Dec. 2023 (137.14).

Inventory Turnover measures how fast the company turns over its inventory within a year. Himax Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 0.67.

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. Himax Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.05.

Himax Technologies Days Inventory Historical Data

The historical data trend for Himax Technologies'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.

* Premium members only.

Himax Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

104.71

69.13

70.23

145.53

157.43

Himax Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																195.53	183.47	156.87	155.22	137.14

Competitive Comparison

For the Semiconductors subindustry, Himax Technologies'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.

Himax Technologies Days Inventory Distribution

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

* The bar in red indicates where Himax Technologies's Days Inventory falls into.

Himax Technologies Days Inventory Calculation

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

Himax Technologies'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
=	( (370.933	+	217.308)	/	2 )	/	681.931	*	365
=	294.1205					/	681.931	*	365
=	157.43

Himax Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (259.61	+	217.308)	/	2 )	/	158.669	*	365 / 4
=	238.459					/	158.669	*	365 / 4
=	137.14

Himax Technologies (NAS:HIMX) 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.

Himax Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	158.669	/	238.459
	=	0.67

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.

Himax Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	238.459	/	227.678
	=	1.05

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.

Himax Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Himax Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Himax Technologies (Himax Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Himax Technologies Inc (NAS:HIMX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0J5H:UK H6Q:Germany H6Q:Germany

Address

No. 26, Zih Lian Road, Sinshih District, Tainan, TWN, 74148

Website

https://www.himax.com.tw

Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue gets derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.