ASE Technology Holding Co (TPE:3711) Inventory Turnover : 1.92 (As of Dec. 2023)

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What is ASE Technology Holding Co 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. ASE Technology Holding Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$134,820 Mil. ASE Technology Holding Co's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$70,114 Mil. ASE Technology Holding Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ASE Technology Holding Co's Days Inventory for the three months ended in Dec. 2023 was 47.45.

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. ASE Technology Holding Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

ASE Technology Holding Co Inventory Turnover Historical Data

The historical data trend for ASE Technology Holding Co'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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ASE Technology Holding Co Inventory Turnover Chart

ASE Technology Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.59

7.43

6.79

6.45

6.28

ASE Technology Holding Co 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															1.48	1.25	1.40	1.67	1.92

ASE Technology Holding Co Inventory Turnover Calculation

ASE Technology Holding Co'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 )
=	490157.339	/ (	(92826.151	+	63274.664)	/	2 )
=	490157.339	/	78050.4075
=	6.28

ASE Technology Holding Co'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 )
=	134820.339	/ (	(76953	+	63274.664)	/	2 )
=	134820.339	/	70113.832
=	1.92

ASE Technology Holding Co (TPE:3711) 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.

ASE Technology Holding Co'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
	=	70113.832	/	134820.339	*	365 / 4
	=	47.45

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.

ASE Technology Holding Co'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 )
	=	70113.832	/	160581.471
	=	0.44

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.

ASE Technology Holding Co Inventory Turnover Related Terms

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ASE Technology Holding Co (TPE:3711) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ASE Technology Holding Co Ltd (TPE:3711) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

ASX:USA 2DQ:Germany

Address

No. 26, Chin Third Road, Nanzih District, Kaohsiung, TWN, 811

Website

https://www.aseglobal.com

ASE Technology Holding Co Ltd is a semiconductor assembly and testing firm. The company operates in segments: Packaging, Testing, and Electronic Manufacturing Services. Of these, packaging services contribute the most revenue. It involves packaging bare semiconductors into completed semiconductors with improved electrical and thermal characteristics. The Testing Segment includes front-end engineering testing, wafer probing, and final testing services. In the EMS segment, the company designs manufacture, and sells electronic components and telecommunication equipment motherboards. The company is based in Taiwan but garners over half its sales from firms in the United States.

ASE Technology Holding Co (TPE:3711) Headlines

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