Ichor Holdings (Ichor Holdings) Inventory Turnover : 0.71 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Ichor Holdings 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. Ichor Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $183.1 Mil. Ichor Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $256.4 Mil. Ichor Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ichor Holdings's Days Inventory for the three months ended in Dec. 2023 was 127.75.

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. Ichor Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.26.

Ichor Holdings Inventory Turnover Historical Data

The historical data trend for Ichor Holdings'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.

* Premium members only.

Ichor Holdings Inventory Turnover Chart

Ichor Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

4.31

6.03

4.96

4.11

2.67

Ichor Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.88	0.69	0.59	0.65	0.71

Ichor Holdings Inventory Turnover Calculation

Ichor Holdings'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 )
=	707.724	/ (	(283.66	+	245.885)	/	2 )
=	707.724	/	264.7725
=	2.67

Ichor Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	183.136	/ (	(266.9	+	245.885)	/	2 )
=	183.136	/	256.3925
=	0.71

Ichor Holdings (NAS:ICHR) 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.

Ichor Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	256.3925	/	183.136	*	365 / 4
	=	127.75

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.

Ichor Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	256.3925	/	203.481
	=	1.26

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.

Ichor Holdings Inventory Turnover Related Terms

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

Ichor Holdings (Ichor Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ichor Holdings Ltd (NAS:ICHR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

4IH:Germany

Address

3185 Laurelview Court, Fremont, CA, USA, 94538

Website

https://www.ichorsystems.com

Ichor Holdings Ltd is engaged in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. The product offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. The company also manufactures machined components, weldments, and proprietary products for use in fluid delivery systems. Geographically, the company operates in the United States of America, Singapore, Europe, and other countries, of which a majority of the revenue is generated from the United States of America.

Executives

Barros Philip Ryan Sr.	officer: Chief Technology Officer	3185 LAUREL VIEW CT., FREMONT CA 94538
Thomas M Rohrs	director, officer: Chief Executive Officer	2 RESULTS WAY, CUPERTINO CA 95014
Greg Swyt	officer: Chief Financial Officer	C/O ONTO INNOVATION INC., 16 JONSPIN ROAD, WILMINGTON MA 01887
Christopher Smith	officer: Chief Commercial Officer	3560 BASSETT STREET, SANTA CLARA CA 95054
Marc Haugen	director	C/O CEPHEID, 904 CARIBBEAN DRIVE, SUNNYVALE CA 94089
Bruce Ragsdale	officer: Chief Operating Officer	3185 LAURELVIEW CT, FREMONT CA 94538
Jorge Titinger	director	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
Iain Mackenzie	director	C/O SMART GLOBAL HOLDINGS, INC., 39870 EUREKA DRIVE, NEWARK CA 94560
Paul Chhabra	officer: Chief Operating Officer	9255 COVERDALE ROAD, FORT WAYNE IN 46809
Kevin M. Canty	officer: Chief Operating Officer	3185 LAURELVIEW CT., FREMONT CA 94538
Yuval Wasserman	director	1625 SHARP POINT DRIVE, FORT COLLINS CO 80525
Sarah A O'dowd	director	3185 LAURELVIEW COURT, FREMONT CA 94538
Wendy Arienzo	director	5245 HELLYER AVE, SAN JOSE CA 95138
Larry J Sparks	officer: Chief Financial Officer	3185 LAURELVIEW CT, FREMONT CA 94538
Laura A. Black	director	3000 SAND HILL ROAD, BLDG. 1, SUITE 240, MENLO PARK CA 94025