Tower Semiconductor (Tower Semiconductor) Change In Inventory : $42 Mil (TTM As of Mar. 2024)

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What is Tower Semiconductor Change In Inventory?

Tower Semiconductor's change in inventory for the quarter that ended in Mar. 2024 was $-24 Mil. It means Tower Semiconductor's inventory increased by $24 Mil from Dec. 2023 to Mar. 2024 .

Tower Semiconductor's change in inventory for the fiscal year that ended in Dec. 2023 was $9 Mil. It means Tower Semiconductor's inventory declined by $9 Mil from Dec. 2022 to Dec. 2023 .

Tower Semiconductor's Total Inventories for the quarter that ended in Mar. 2024 was $299 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tower Semiconductor's Days Inventory for the quarter that ended in Mar. 2024 was 104.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tower Semiconductor's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

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. Tower Semiconductor's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.89.

Tower Semiconductor Change In Inventory Historical Data

The historical data trend for Tower Semiconductor'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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Tower Semiconductor Change In Inventory Chart

Tower Semiconductor Annual Data

Trend

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Dec23

Change In Inventory

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-21.02

-2.89

-44.19

-77.89

8.68

Tower Semiconductor 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															-57.42	16.32	22.48	27.31	-23.70

Tower Semiconductor 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 $42 Mil.

Tower Semiconductor (NAS:TSEM) Change In Inventory Explanation

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

Tower Semiconductor's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	291.0325	/	254.632	*	365 / 4
	=	104.29

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	254.632	/	291.0325
	=	0.87

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	291.0325	/	327.238
	=	0.89

Tower Semiconductor Change In Inventory Related Terms

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Tower Semiconductor (Tower Semiconductor) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Tower Semiconductor Ltd (NAS:TSEM) » Definitions » Change In Inventory

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TSEM:Israel TOW:Germany

Address

20 Shaul Amor Avenue, P.O. Box 619, Ramat Gavriel Industrial Park, Migdal Haemek, ISR, 2310502

Website

https://www.towersemi.com

Tower Semiconductor Ltd is a pure-play specialty foundry that manufactures semiconductors. As a pure-play foundry, it focuses on producing integrated circuits (ICs), based on the design specifications of customers. The company's line of integrated circuits is incorporated into a variety of products and markets, including consumer electronics, personal computers, communications, automotive, and industrial and medical device products. Tower produces ICs alongside wholly-owned subsidiaries through fabrication facilities located in Japan. As a complement to its technology offerings, Tower offers services that enable a quick and accurate design cycle. To further assist customers with design and technical support, an integrated team helps clients through the manufacturing cycle.