GCT Semiconductor Holding (GCT Semiconductor Holding) Inventory Turnover : 0.80 (As of Mar. 2024)

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What is GCT Semiconductor Holding 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. GCT Semiconductor Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.31 Mil. GCT Semiconductor Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was $1.64 Mil. GCT Semiconductor Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GCT Semiconductor Holding's Days Inventory for the three months ended in Mar. 2024 was 113.71.

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. GCT Semiconductor Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

GCT Semiconductor Holding Inventory Turnover Historical Data

The historical data trend for GCT Semiconductor Holding'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.

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GCT Semiconductor Holding Inventory Turnover Chart

GCT Semiconductor Holding Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

10.17

4.48

3.74

GCT Semiconductor Holding Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			0.83	0.44	-	1.48	0.80

GCT Semiconductor Holding Inventory Turnover Calculation

GCT Semiconductor Holding'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 )
=	9.294	/ (	(3.48	+	1.486)	/	2 )
=	9.294	/	2.483
=	3.74

GCT Semiconductor Holding's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1.312	/ (	(1.486	+	1.784)	/	2 )
=	1.312	/	1.635
=	0.80

GCT Semiconductor Holding (NYSE:GCTS) 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.

GCT Semiconductor Holding's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.635	/	1.312	*	365 / 4
	=	113.71

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.

GCT Semiconductor Holding's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.635	/	3.265
	=	0.50

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.

GCT Semiconductor Holding Inventory Turnover Related Terms

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GCT Semiconductor Holding (GCT Semiconductor Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GCT Semiconductor Holding Inc (NYSE:GCTS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2290 North 1st Street, Suite 201, San Jose, CA, USA, 95131

Website

https://www.gctsemi.com

GCT Semiconductor Holding Inc. is a designer and supplier of 5G and 4G LTE semiconductor solutions. It enabled fast and reliable 4G LTE connectivity to numerous commercial devices such as CPEs, mobile hotspots, routers, M2M applications and smartphones, etc. The system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G and 5G platform solutions with small form factors, low power consumption, high performance, high reliability, and cost-effectiveness.

GCT Semiconductor Holding (GCT Semiconductor Holding) Headlines

From GuruFocus

GCT Semiconductor Appoints Nelson C. Chan to Board of Directors

By Business Wire • 04-01-2024