Nexchip Semiconductor (SHSE:688249) Inventory Turnover : 1.19 (As of Mar. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Nexchip 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. Nexchip Semiconductor's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,671 Mil. Nexchip Semiconductor's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥1,399 Mil. Nexchip Semiconductor's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexchip Semiconductor's Days Inventory for the three months ended in Mar. 2024 was 76.41.

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. Nexchip Semiconductor's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.63.

Nexchip Semiconductor Inventory Turnover Historical Data

The historical data trend for Nexchip 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.

* Premium members only.

Nexchip Semiconductor Inventory Turnover Chart

Nexchip Semiconductor Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

9.98

5.98

5.08

5.98

4.52

Nexchip Semiconductor Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial									0.93	1.19	1.28	1.14	1.19

Nexchip Semiconductor Inventory Turnover Calculation

Nexchip 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 )
=	5678.173	/ (	(1021.653	+	1492.685)	/	2 )
=	5678.173	/	1257.169
=	4.52

Nexchip 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 )
=	1671.215	/ (	(1492.685	+	1306.292)	/	2 )
=	1671.215	/	1399.4885
=	1.19

Nexchip Semiconductor (SHSE:688249) 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.

Nexchip 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
	=	1399.4885	/	1671.215	*	365 / 4
	=	76.41

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.

Nexchip 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 )
	=	1399.4885	/	2227.893
	=	0.63

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.

Nexchip Semiconductor Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Nexchip Semiconductor's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Nexchip Semiconductor (SHSE:688249) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Nexchip Semiconductor Corp (SHSE:688249) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, West Feihe Road, Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230011

Website

https://www.nexchip.com.cn

Nexchip Semiconductor Corp is the first 12-inch wafer foundry enterprise in Anhui Province. The company focuses on semiconductor wafer production and foundry services and is committed to contributing to the improvement of domestic independent and controllable integrated circuit manufacturing capabilities, providing customers with different 150-55nm process technologies, and will introduce more advanced process technologies in the future. It is engaged in Research and development, production and sales of integrated circuit-related products and supporting products.

Nexchip Semiconductor (SHSE:688249) Headlines

No Headlines