Novatek Microelectronics (TPE:3034) Inventory Turnover : 1.80 (As of Dec. 2023)

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What is Novatek Microelectronics 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. Novatek Microelectronics's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$15,890 Mil. Novatek Microelectronics's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$8,833 Mil. Novatek Microelectronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Novatek Microelectronics's Days Inventory for the three months ended in Dec. 2023 was 50.72.

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. Novatek Microelectronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.33.

Novatek Microelectronics Inventory Turnover Historical Data

The historical data trend for Novatek Microelectronics'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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Novatek Microelectronics Inventory Turnover Chart

Novatek Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.62

7.21

6.08

4.50

6.24

Novatek Microelectronics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.91	1.23	1.67	1.70	1.80

Novatek Microelectronics Inventory Turnover Calculation

Novatek Microelectronics'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 )
=	64216.805	/ (	(12028.871	+	8551.098)	/	2 )
=	64216.805	/	10289.9845
=	6.24

Novatek Microelectronics'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 )
=	15890.226	/ (	(9115.106	+	8551.098)	/	2 )
=	15890.226	/	8833.102
=	1.80

Novatek Microelectronics (TPE:3034) 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.

Novatek Microelectronics'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
	=	8833.102	/	15890.226	*	365 / 4
	=	50.72

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.

Novatek Microelectronics'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 )
	=	8833.102	/	27153.825
	=	0.33

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.

Novatek Microelectronics Inventory Turnover Related Terms

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Novatek Microelectronics (TPE:3034) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Novatek Microelectronics Corp (TPE:3034) » Definitions » Inventory Turnover

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Address

No.13, Innovation Road I, 2nd Floor, Hsinchu Science Park, Hsinchu, TWN, 30076

Website

https://www.novatek.com.tw

Novatek Microelectronics Corp is a chip design company specializing in the design, development, and sales of a wide range of display driver ICs and SoC solutions for all display and audio/video applications. The group is mainly engaged in researching, developing, manufacturing, and sales of integrated circuit chips speech, communication, computer peripherals, LCD driver IC system, embedded MCU, DSP, and systems. The firm generates the majority of its revenue from countries across Asia, and the rest comes from Taiwan and others.

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