Ite Tech (TPE:3014) Change In Inventory : NT$242 Mil (TTM As of Mar. 2024)

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What is Ite Tech Change In Inventory?

Ite Tech's change in inventory for the quarter that ended in Mar. 2024 was NT$95 Mil. It means Ite Tech's inventory declined by NT$95 Mil from Dec. 2023 to Mar. 2024 .

Ite Tech's change in inventory for the fiscal year that ended in Dec. 2023 was NT$267 Mil. It means Ite Tech's inventory declined by NT$267 Mil from Dec. 2022 to Dec. 2023 .

Ite Tech's Total Inventories for the quarter that ended in Mar. 2024 was NT$709 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ite Tech's Days Inventory for the quarter that ended in Mar. 2024 was 98.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ite Tech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.93.

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. Ite Tech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Ite Tech Change In Inventory Historical Data

The historical data trend for Ite Tech's Change In 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.

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Ite Tech Change In Inventory Chart

Ite Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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99.66

-150.59

-581.06

5.68

266.73

Ite Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															119.80	131.09	44.89	-29.05	95.46

Ite Tech Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$242 Mil.

Ite Tech (TPE:3014) Change In Inventory Explanation

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

Ite Tech's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	756.7525	/	700.43	*	365 / 4
	=	98.59

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

Ite Tech's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	700.43	/	756.7525
	=	0.93

3. 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.

Ite Tech's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	756.7525	/	1512.35
	=	0.50

Ite Tech Change In Inventory Related Terms

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Ite Tech (TPE:3014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ite Tech Inc (TPE:3014) » Definitions » Change In Inventory

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Address

3F, No. 13, Innovation Road I, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.ite.com.tw

Ite Tech Inc is a fabless integrated circuit (IC) design house. The company principally engages in developing, manufacturing, and marketing of integrated circuits. Its product offerings include PC input/output (I/O) and KBC, digital TV controller, sensor hub/IOT, multimedia controller, and analog IC. Geographically, it operates in Taiwan, Asia, and Others, out of which the majority is from Taiwan.

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