Vanguard International Semiconductor (ROCO:5347) Inventory Turnover : 1.26 (As of Mar. 2024)

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What is Vanguard International Semiconductor 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. Vanguard International Semiconductor's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$7,319 Mil. Vanguard International Semiconductor's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$5,825 Mil. Vanguard International Semiconductor's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vanguard International Semiconductor's Days Inventory for the three months ended in Mar. 2024 was 72.62.

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. Vanguard International Semiconductor's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.60.

Vanguard International Semiconductor Inventory Turnover Historical Data

The historical data trend for Vanguard International Semiconductor'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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Vanguard International Semiconductor Inventory Turnover Chart

Vanguard International Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.50

7.08

6.98

5.60

4.82

Vanguard International Semiconductor 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															0.95	1.10	1.22	1.23	1.26

Vanguard International Semiconductor Inventory Turnover Calculation

Vanguard International Semiconductor'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 )
=	27826.556	/ (	(5880.152	+	5672.104)	/	2 )
=	27826.556	/	5776.128
=	4.82

Vanguard International Semiconductor'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 )
=	7318.974	/ (	(5672.104	+	5977.368)	/	2 )
=	7318.974	/	5824.736
=	1.26

Vanguard International Semiconductor (ROCO:5347) 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.

Vanguard International Semiconductor'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
	=	5824.736	/	7318.974	*	365 / 4
	=	72.62

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.

Vanguard International Semiconductor'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 )
	=	5824.736	/	9632.844
	=	0.60

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.

Vanguard International Semiconductor Inventory Turnover Related Terms

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Vanguard International Semiconductor (ROCO:5347) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Vanguard International Semiconductor Corp (ROCO:5347) » Definitions » Inventory Turnover

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N/A

Address

No. 123, Park Road 3, Hsinchu Science Park, Hsinchu, TWN, 30077

Website

http://www.vis.com.tw

Vanguard International Semiconductor Corp is engaged in the manufacturing, selling, packaging, Masks, testing and computer-aided design of integrated circuits and other semiconductor devices. The company offers a range of process technologies, including High Voltage, Ultra High Voltage, Discrete, Silicon on Insulator (SOI), Logic, Mixed-Signal, Analog, High Precision Analog, and Embedded Memory technologies. Geographically, it derives a majority of revenue from Asia and America.

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