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Ultra Clean Holdings (Ultra Clean Holdings) Inventory Turnover : 0.99 (As of Dec. 2023)


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What is Ultra Clean 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. Ultra Clean Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $374 Mil. Ultra Clean Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $376 Mil. Ultra Clean Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ultra Clean Holdings's Days Inventory for the three months ended in Dec. 2023 was 91.91.

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. Ultra Clean Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.85.


Ultra Clean Holdings Inventory Turnover Historical Data

The historical data trend for Ultra Clean 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.

Ultra Clean Holdings Inventory Turnover Chart

Ultra Clean Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.85 6.27 5.97 4.64 3.56

Ultra Clean 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.08 0.82 0.85 0.95 0.99

Ultra Clean Holdings Inventory Turnover Calculation

Ultra Clean 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 )
=1457.2 / ((443.9 + 374.5) / 2 )
=1457.2 / 409.2
=3.56

Ultra Clean 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 )
=373.7 / ((378.3 + 374.5) / 2 )
=373.7 / 376.4
=0.99

* 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.


Ultra Clean Holdings  (NAS:UCTT) 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.

Ultra Clean 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
=376.4/373.7*365 / 4
=91.91

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.

Ultra Clean 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 )
=376.4 / 444.7
=0.85

* 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.


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.


Ultra Clean Holdings Inventory Turnover Related Terms

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Ultra Clean Holdings (Ultra Clean Holdings) Business Description

Traded in Other Exchanges
Address
26462 Corporate Avenue, Hayward, CA, USA, 94545
Ultra Clean Holdings Inc, through its subsidiaries, manufactures and supplies production tools, modules, and subsystems for the semiconductor capital equipment industry. The product includes precision robotic solutions, gas delivery systems, and a variety of industrial and automation production equipment products; subsystems include wafer cleaning subsystems, chemical delivery modules, top-plate assemblies, frame assemblies, and process modules. Its customer base includes firms in the semiconductor capital equipment industry, medical, energy, industrial, flat panel, and research equipment industries. It has two segments Products and Services. Its principal markets are North America, Asia, and Europe. Its largest end markets by revenue are the United States and the International market.
Executives
Paul Yoonku Cho officer: General Counsel and Secretary C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
Jeffrey L. Mckibben officer: Chief Information Officer C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD, CA 94545
Jamie J. Palfrey officer: SVP, Global Human Resources ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
Bill Bentinck officer: Pres, Semiconductor Svcs Bus. C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVE, HAYWARD CA 94545
Emily M Liggett director
Sheri Brumm officer: SVP, Finance & CAO C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
Vijayan S. Chinnasami officer: Chief Operating Officer C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
Brian E Harding officer: Chief Accounting Officer 27700 SW PARKWAY AVE, WILSONVILLE OR 97070
Jacqueline A. Seto director C/O ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
James P Scholhamer director, officer: CEO 9586I-25 FRONTAGE ROAD, LONGMONT CO 80504
Christopher S Cook officer: President, Products Div ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVENUE, HAYWARD CA 94545
David T Ibnale director 150 INDEPENDENCE DR, C/O ULTRA CLEAN, MENLO PARK CA 94025
Clarence L Granger director, officer: President, CEO, COO 150 INDEPENDENCE DR, C/O ULTRA CLEAN, MENLO PARK CA 94025
William Joe Williams officer: SVP, Customer Business Mgmt ULTRA CLEAN HOLDINGS, INC., 26462 CORPORATE AVE, HAYWARD CA 94545
Barbara Vaughn Scherer director 337 ENCINAL ST, SANTA CRUZ CA 95060

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