TOREX SEMICONDUCTOR (TSE:6616) Inventory Turnover : 0.57 (As of Dec. 2023)

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What is TOREX 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. TOREX SEMICONDUCTOR's Cost of Goods Sold for the three months ended in Dec. 2023 was 円5,397 Mil. TOREX SEMICONDUCTOR's Average Total Inventories for the quarter that ended in Dec. 2023 was 円9,428 Mil. TOREX SEMICONDUCTOR's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TOREX SEMICONDUCTOR's Days Inventory for the three months ended in Dec. 2023 was 159.39.

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. TOREX SEMICONDUCTOR's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.50.

TOREX SEMICONDUCTOR Inventory Turnover Historical Data

The historical data trend for TOREX 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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TOREX SEMICONDUCTOR Inventory Turnover Chart

TOREX SEMICONDUCTOR Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.34

3.39

3.13

2.41

2.48

TOREX 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															0.55	0.46	0.55	0.57	0.73

TOREX SEMICONDUCTOR Inventory Turnover Calculation

TOREX SEMICONDUCTOR's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	21765.757	/ (	(10034.728	+	7527.152)	/	2 )
=	21765.757	/	8780.94
=	2.48

TOREX SEMICONDUCTOR's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	5397.447	/ (	(9795.385	+	9060.563)	/	2 )
=	5397.447	/	9427.974
=	0.57

TOREX SEMICONDUCTOR (TSE:6616) 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.

TOREX SEMICONDUCTOR's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9427.974	/	5397.447	*	365 / 4
	=	159.39

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.

TOREX SEMICONDUCTOR's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9427.974	/	6304.367
	=	1.50

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.

TOREX SEMICONDUCTOR Inventory Turnover Related Terms

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TOREX SEMICONDUCTOR (TSE:6616) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » TOREX SEMICONDUCTOR Ltd (TSE:6616) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1-24-1 Shinkawa, 3rd Floor, DAIHO ANNEX, Chuo-Ku, Tokyo, JPN, 104-0033

Website

https://www.torex.co.jp

TOREX SEMICONDUCTOR Ltd is engaged in the business of designing, manufacturing, and selling semiconductor devices. The product portfolio includes DC / DC converter, Voltage regulator, Voltage detector, Load switch, Charge pump, Pushbutton controller, Temperature sensor, Switching Diode, Bridge diode, Fast recovery diode, and Transient voltage suppressor.

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