Global Unichip (TPE:3443) Inventory Turnover : 0.84 (As of Mar. 2024)

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What is Global Unichip 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. Global Unichip's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$4,002 Mil. Global Unichip's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$4,762 Mil. Global Unichip's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Unichip's Days Inventory for the three months ended in Mar. 2024 was 108.59.

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. Global Unichip's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.84.

Global Unichip Inventory Turnover Historical Data

The historical data trend for Global Unichip'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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Global Unichip Inventory Turnover Chart

Global Unichip Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.70

5.50

4.43

3.36

3.20

Global Unichip 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															0.66	0.68	0.77	0.88	0.84

Global Unichip Inventory Turnover Calculation

Global Unichip'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 )
=	18265.019	/ (	(6562.722	+	4850.717)	/	2 )
=	18265.019	/	5706.7195
=	3.20

Global Unichip'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 )
=	4001.563	/ (	(4850.717	+	4673.624)	/	2 )
=	4001.563	/	4762.1705
=	0.84

Global Unichip (TPE:3443) 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.

Global Unichip'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
	=	4762.1705	/	4001.563	*	365 / 4
	=	108.59

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.

Global Unichip'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 )
	=	4762.1705	/	5690.371
	=	0.84

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.

Global Unichip Inventory Turnover Related Terms

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Global Unichip (TPE:3443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Global Unichip Corp (TPE:3443) » Definitions » Inventory Turnover

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Address

No. 10, Li-Hsin 6th Road, Hsinchu Science Park, Hsinchu, TWN, 300096

Website

https://www.guc-asic.com

Global Unichip Corp is a Taiwanese fabless application-specific integrated circuit (ASIC) design company that provides several services, including system-on-chip integration, implementation methodologies, and integrated manufacturing. The company offers its manufacturing service through collaboration with wafer fabs, packaging and testing houses, and other providers to shorten time to market, minimize technical risk, and improve yield for customers. Global Unichip also touts an extensive IP product portfolio that enables the adoption of emerging technologies and interfaces, while also reducing time to market.

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