Delta Electronics (LUX:DELEC) Inventory Turnover : 0.86 (As of Mar. 2024)

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What is Delta Electronics 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. Delta Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,030 Mil. Delta Electronics's Average Total Inventories for the quarter that ended in Mar. 2024 was $2,362 Mil. Delta Electronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Delta Electronics's Days Inventory for the three months ended in Mar. 2024 was 106.15.

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. Delta Electronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.82.

Delta Electronics Inventory Turnover Historical Data

The historical data trend for Delta Electronics'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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Delta Electronics Inventory Turnover Chart

Delta Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.30

4.79

4.07

3.58

3.60

Delta Electronics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.84	0.87	0.91	0.90	0.86

Delta Electronics Inventory Turnover Calculation

Delta Electronics'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 )
=	9087.995	/ (	(2604.832	+	2439.133)	/	2 )
=	9087.995	/	2521.9825
=	3.60

Delta Electronics'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 )
=	2030.437	/ (	(2439.133	+	2284.808)	/	2 )
=	2030.437	/	2361.9705
=	0.86

Delta Electronics (LUX:DELEC) 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.

Delta Electronics'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
	=	2361.9705	/	2030.437	*	365 / 4
	=	106.15

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.

Delta Electronics'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 )
	=	2361.9705	/	2880.753
	=	0.82

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.

Delta Electronics Inventory Turnover Related Terms

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Delta Electronics (LUX:DELEC) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Delta Electronics Inc (LUX:DELEC) » Definitions » Inventory Turnover

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2308:Taiwan

Address

No. 186, Ruey Kuang Road, Neihu District, Taipei, TWN, 11491

Website

https://www.deltaww.com

Founded in 1971, Delta Electronics, or Delta, is the largest industrial power system supplier globally. It positions itself as a solutions provider in telecom power, renewable energy, surveillance systems, new energy vehicles power systems, smart building, industrial automation, and data centers. Delta also trades under Innergie, Loytec, Delta Controls and Amerlux. The company's headquarters are in Taipei, Taiwan, and employs over 11,000 people in 30 countries. A group of Delta's subsidiaries consolidated under Delta Electronics (Thailand) Public Company Limited, or DET, is listed on the Stock Exchange of Thailand. DET is 63.1% owned by Delta. The company owns 56.75% of surveillance system provider Vivotek (3454 TW).

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