Auden Techno (TPE:3138) Inventory Turnover : 0.81 (As of Mar. 2024)

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What is Auden Techno 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. Auden Techno's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$227 Mil. Auden Techno's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$280 Mil. Auden Techno's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Auden Techno's Days Inventory for the three months ended in Mar. 2024 was 112.20.

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. Auden Techno's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.76.

Auden Techno Inventory Turnover Historical Data

The historical data trend for Auden Techno'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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Auden Techno Inventory Turnover Chart

Auden Techno Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.70

4.21

3.32

3.19

3.28

Auden Techno 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															0.72	0.64	0.81	0.95	0.81

Auden Techno Inventory Turnover Calculation

Auden Techno'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 )
=	1001.578	/ (	(325.986	+	285.044)	/	2 )
=	1001.578	/	305.515
=	3.28

Auden Techno'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 )
=	227.404	/ (	(285.044	+	274.196)	/	2 )
=	227.404	/	279.62
=	0.81

Auden Techno (TPE:3138) 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.

Auden Techno'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
	=	279.62	/	227.404	*	365 / 4
	=	112.20

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.

Auden Techno'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 )
	=	279.62	/	367.329
	=	0.76

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.

Auden Techno Inventory Turnover Related Terms

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Auden Techno (TPE:3138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Auden Techno Corp (TPE:3138) » Definitions » Inventory Turnover

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Address

No 19, Lane 772, Heping Road, Bade District, Taoyuan, TWN

Website

https://www.auden.com.tw

Auden Techno Corp is a Taiwan based company engaged in the design and manufacture of wired and wireless antennas, the performance verification and testing of communications products and the trading agent of precision instrument. Its products include CB electronic antenna to mobile phone GSM antenna to wireless local-area network antenna, from Ultra-Wideband antenna to RFID application antenna and from miniature multi-frequency antenna module to 4G LTE/MIMO technology and to biological electromagnetic wave. Its products application covers: mobile communications, automotive electronics, Internet communications, the digital family and industrial applications.

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