Trio-Tech International (Trio-Tech International) Inventory Turnover

: 2.47 (As of Dec. 2023)

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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. Trio-Tech International's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.35 Mil. Trio-Tech International's Average Total Inventories for the quarter that ended in Dec. 2023 was $3.78 Mil. Trio-Tech International's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trio-Tech International's Days Inventory for the three months ended in Dec. 2023 was 36.94.

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. Trio-Tech International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.31.

Trio-Tech International Inventory Turnover Historical Data

The historical data trend for Trio-Tech International'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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Trio-Tech International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

11.27

12.51

12.39

14.91

14.31

Trio-Tech International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																2.68	2.66	3.03	2.41	2.47

Trio-Tech International Inventory Turnover Calculation

Trio-Tech International's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	31.545	/ (	(2.258	+	2.151)	/	2 )
=	31.545	/	2.2045
=	14.31

Trio-Tech International'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 )
=	9.348	/ (	(4.023	+	3.546)	/	2 )
=	9.348	/	3.7845
=	2.47

Trio-Tech International (AMEX:TRT) 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.

Trio-Tech International'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
	=	3.7845	/	9.348	*	365 / 4
	=	36.94

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.

Trio-Tech International'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 )
	=	3.7845	/	12.202
	=	0.31

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.

Trio-Tech International Inventory Turnover Related Terms

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Trio-Tech International (Trio-Tech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Trio-Tech International (AMEX:TRT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 03-09, Block 1008, Toa Payoh North, Singapore, SGP, 318996

Website

https://triotech.com

Trio-Tech International is a provider of third-party semiconductor testing and burn-in services through its laboratories in Southeast Asia. The company operates in four segments namely Manufacturing, Testing services, Distribution, and Real Estate. Its Manufacturing segment manufactures both front-end and back-end semiconductor test equipment and related peripherals. The Testing segment renders services to the manufacturer and purchaser of semiconductors and other entities. Its Distribution segment is involved in the distribution of its products. The company's Real Estate segment consists of investment in real estate. Its geographical area of operations includes the United States, Singapore, Malaysia, Thailand, and China.

Executives

Jason T Adelman	director	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Anitha Srinivasan	officer: CFO	103 HILLVIEW RISE, #09-18, SINGAPORE U0 667982
Ting Victor Hock Ming	director	770 BEDOK RESERVOIR ROAD, #01-03, SINGAPORE U0 479250
S W Yong	director, 10 percent owner, officer: Chief Executive Officer	7 PANDAN VALLEY, 16-502 POINCIANA TOWER, SINGAPORE U0 597631
Richard M Horowitz	director	9301 WILSHIRE BOULEVARD #206, BEVERLY HILLS CA 90210
Kuan Soon Siew	officer: Vice President	126 BUKIT MERAH VIEW, #18-374 U0 151126
Hwee Poh Lim	officer: Vice President - Testing	39 WARINGIN WALK, SINGAPORE U0 416292
A Charles Wilson	director	623 NORTH PALM DRIVE, BEVERLY HILLS CA 90210
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Spectrum Galaxy Fund Ltd.	10 percent owner	50 CALIFORNIA STREET, SUITE 1500, SAN FRANCISCO CA 94111
Zeff Capital Partners I, L.p.	10 percent owner	C/O ZEFF HOLDING COMPANY, LLC, 50 CALIFORNIA STREET, SAN FRANCISCO CA 94111
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020

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