GLOBALFOUNDRIES (GLOBALFOUNDRIES) Inventory Turnover : 0.89 (As of Dec. 2023)

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What is GLOBALFOUNDRIES 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. GLOBALFOUNDRIES's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,329 Mil. GLOBALFOUNDRIES's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,498 Mil. GLOBALFOUNDRIES's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GLOBALFOUNDRIES's Days Inventory for the three months ended in Dec. 2023 was 102.85.

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. GLOBALFOUNDRIES's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

GLOBALFOUNDRIES Inventory Turnover Historical Data

The historical data trend for GLOBALFOUNDRIES'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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GLOBALFOUNDRIES Inventory Turnover Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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18.03

8.75

5.46

4.77

3.74

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial												1.10	0.96	0.90	0.88	0.89

GLOBALFOUNDRIES Inventory Turnover Calculation

GLOBALFOUNDRIES'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 )
=	5291	/ (	(1339	+	1487)	/	2 )
=	5291	/	1413
=	3.74

GLOBALFOUNDRIES'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 )
=	1329	/ (	(1509	+	1487)	/	2 )
=	1329	/	1498
=	0.89

GLOBALFOUNDRIES (NAS:GFS) 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.

GLOBALFOUNDRIES'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
	=	1498	/	1329	*	365 / 4
	=	102.85

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.

GLOBALFOUNDRIES'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 )
	=	1498	/	1854
	=	0.81

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.

GLOBALFOUNDRIES Inventory Turnover Related Terms

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GLOBALFOUNDRIES (GLOBALFOUNDRIES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GLOBALFOUNDRIES Inc (NAS:GFS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

GFS:Mexico 76J:Germany

Address

400 Stonebreak Road Extension, Malta, NY, USA, 12020

Website

https://www.gf.com

GlobalFoundries is a top-five contract semiconductor manufacturer globally. It was originally the manufacturing arm of Advanced Micro Devices before it was spun out in 2009. The foundry sells chips into a range of end markets including smartphones, PCs, Internet of Things, data centers, automotive, industrial, and so on, but primarily focuses on more mature process technologies. Until 2021, the firm was privately held by Mubadala Investment, the sovereign wealth fund of the United Arab Emirates. GlobalFoundries merged with Chartered Semiconductor Manufacturing in 2009 and acquired IBM's chipmaking business in 2015. GF is headquartered in Malta, New York, and employs about 14,000 people.