Powerchip Semiconductor Manufacturing (TPE:6770) Inventory Turnover : 0.94 (As of Mar. 2024)

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What is Powerchip Semiconductor Manufacturing 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. Powerchip Semiconductor Manufacturing's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$9,154 Mil. Powerchip Semiconductor Manufacturing's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$9,750 Mil. Powerchip Semiconductor Manufacturing's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Powerchip Semiconductor Manufacturing's Days Inventory for the three months ended in Mar. 2024 was 97.19.

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. Powerchip Semiconductor Manufacturing's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.90.

Powerchip Semiconductor Manufacturing Inventory Turnover Historical Data

The historical data trend for Powerchip Semiconductor Manufacturing'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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Powerchip Semiconductor Manufacturing Inventory Turnover Chart

Powerchip Semiconductor Manufacturing Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.01

4.88

4.60

3.96

3.69

Powerchip Semiconductor Manufacturing Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.83	0.87	0.93	1.13	0.94

Powerchip Semiconductor Manufacturing Inventory Turnover Calculation

Powerchip Semiconductor Manufacturing'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 )
=	38730.581	/ (	(11701.917	+	9277.32)	/	2 )
=	38730.581	/	10489.6185
=	3.69

Powerchip Semiconductor Manufacturing'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 )
=	9154.181	/ (	(9277.32	+	10223.554)	/	2 )
=	9154.181	/	9750.437
=	0.94

Powerchip Semiconductor Manufacturing (TPE:6770) 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.

Powerchip Semiconductor Manufacturing'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
	=	9750.437	/	9154.181	*	365 / 4
	=	97.19

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.

Powerchip Semiconductor Manufacturing'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 )
	=	9750.437	/	10820.046
	=	0.90

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.

Powerchip Semiconductor Manufacturing Inventory Turnover Related Terms

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Powerchip Semiconductor Manufacturing (TPE:6770) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Powerchip Semiconductor Manufacturing Corp (TPE:6770) » Definitions » Inventory Turnover

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Address

No. 18, Li-Hsin Road 1, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.powerchip.com

Powerchip Semiconductor Manufacturing Corp is engaged in the business of manufacturing and distributing memory components. The company produces power integrated circuits, discrete components, memory chips, image sensors, and other related products. Geographically, the majority is from Taiwan.

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