Silicon Motion Technology (Silicon Motion Technology) Days Inventory

: 166.69 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Silicon Motion Technology's Average Total Inventories for the three months ended in Dec. 2023 was $208.0 Mil. Silicon Motion Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $113.9 Mil. Hence, Silicon Motion Technology's Days Inventory for the three months ended in Dec. 2023 was 166.69.

The historical rank and industry rank for Silicon Motion Technology's Days Inventory or its related term are showing as below:

SIMO' s Days Inventory Range Over the Past 10 Years
Min: 77.14 Med: 115.16 Max: 249.89
Current: 249.85

During the past 13 years, Silicon Motion Technology's highest Days Inventory was 249.89. The lowest was 77.14. And the median was 115.16.

SIMO's Days Inventory is ranked worse than
79.77% of 939 companies
in the Semiconductors industry
Industry Median: 131.48 vs SIMO: 249.85

Silicon Motion Technology's Days Inventory declined from Dec. 2022 (237.99) to Dec. 2023 (166.69).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Silicon Motion Technology's Inventory Turnover for the three months ended in Dec. 2023 was 0.55.

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. Silicon Motion Technology's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.03.

Silicon Motion Technology Days Inventory Historical Data

The historical data trend for Silicon Motion Technology's Days Inventory 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.

Silicon Motion Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

131.94

129.74

108.11

171.47

249.89

Silicon Motion Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																237.99	378.67	303.41	206.77	166.69

Competitive Comparison

For the Semiconductors subindustry, Silicon Motion Technology's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Silicon Motion Technology Days Inventory Distribution

For the Semiconductors industry and Technology sector, Silicon Motion Technology's Days Inventory distribution charts can be found below:

* The bar in red indicates where Silicon Motion Technology's Days Inventory falls into.

Silicon Motion Technology Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Silicon Motion Technology's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (287.964	+	216.95)	/	2 )	/	368.752	*	365
=	252.457					/	368.752	*	365
=	249.89

Silicon Motion Technology's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (199.003	+	216.95)	/	2 )	/	113.854	*	365 / 4
=	207.9765					/	113.854	*	365 / 4
=	166.69

Silicon Motion Technology (NAS:SIMO) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Silicon Motion Technology's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	113.854	/	207.9765
	=	0.55

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.

Silicon Motion Technology's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	207.9765	/	202.379
	=	1.03

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Silicon Motion Technology Days Inventory Related Terms

Thank you for viewing the detailed overview of Silicon Motion Technology's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Silicon Motion Technology (Silicon Motion Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Silicon Motion Technology Corp (NAS:SIMO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

S9M:Germany

Address

Nos 19-25 Jervois Street, Flat C, 19th Floor, Wing Cheong Commercial Building, Hong Kong Island, Hong Kong, HKG

Website

https://www.siliconmotion.com

Silicon Motion Technology Corp is active in the semiconductor industry and focuses on designing, developing, and marketing of controllers for managing NAND flash used in embedded storage applications, such as eMMC embedded memory. Its only operating segment is to develop NAND flash controllers and SSDs solutions. The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. Silicon's geographical segments are Taiwan, the United States, Korea, China, Singapore, Malaysia, and others. The company products are used in Personal Computing, Smartphone/Tablet/CE, Flash Card/USB Flash Drive, Industrial and Embedded, Automotive, and Enterprise and Data centers.