United Nova Technology Co (SHSE:688469) Days Inventory : 123.56 (As of Mar. 2024)

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What is United Nova Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). United Nova Technology Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,954 Mil. United Nova Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,443 Mil. Hence, United Nova Technology Co's Days Inventory for the three months ended in Mar. 2024 was 123.56.

The historical rank and industry rank for United Nova Technology Co's Days Inventory or its related term are showing as below:

SHSE:688469' s Days Inventory Range Over the Past 10 Years
Min: 131.16 Med: 144.68 Max: 198.37
Current: 136.66

During the past 5 years, United Nova Technology Co's highest Days Inventory was 198.37. The lowest was 131.16. And the median was 144.68.

SHSE:688469's Days Inventory is ranked worse than
53.61% of 942 companies
in the Semiconductors industry
Industry Median: 130.435 vs SHSE:688469: 136.66

United Nova Technology Co's Days Inventory declined from Mar. 2023 (182.52) to Mar. 2024 (123.56).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. United Nova Technology Co's Inventory Turnover for the three months ended in Mar. 2024 was 0.74.

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. United Nova Technology Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.44.

United Nova Technology Co Days Inventory Historical Data

The historical data trend for United Nova Technology 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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United Nova Technology Co Days Inventory Chart

United Nova Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

144.68

137.61

198.37

153.45

131.16

United Nova Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial								182.52	156.29	158.26	118.01	123.56

Competitive Comparison of United Nova Technology Co's Days Inventory

For the Semiconductors subindustry, United Nova Technology 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.

United Nova Technology Co's Days Inventory Distribution in the Semiconductors Industry

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

* The bar in red indicates where United Nova Technology Co's Days Inventory falls into.

United Nova Technology Co Days Inventory Calculation

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

United Nova Technology 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
=	( (2103.448	+	1983.769)	/	2 )	/	5687.086	*	365
=	2043.6085					/	5687.086	*	365
=	131.16

United Nova Technology 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
=	( (1983.769	+	1924.885)	/	2 )	/	1443.313	*	365 / 4
=	1954.327					/	1443.313	*	365 / 4
=	123.56

United Nova Technology Co (SHSE:688469) 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.

United Nova Technology Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1443.313	/	1954.327
	=	0.74

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.

United Nova Technology Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1954.327	/	1352.996
	=	1.44

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.

United Nova Technology Co Days Inventory Related Terms

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

United Nova Technology Co (SHSE:688469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » United Nova Technology Co Ltd (SHSE:688469) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 518 Linjiang Road, Gaobu Street, Yuecheng District, Zhejiang Province, Shaoxing, CHN, 312000

Website

https://www.smecs.com

United Nova Technology Co Ltd formerly Semiconductor Manufacturing Electronics (Shaoxing) Corp provides foundry services focusing on technology solutions for power, connection and sensor signal chains. On top of wafer foundry service, SMEC also extended its foundry service to module packages in order to support semiconductor companies with a one-stop solution. SMEC provides a complete manufacturing platform to support customer mass production as well as technology development.

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