GLOBALFOUNDRIES (MEX:GFS) Days Inventory : 114.44 (As of Sep. 2024)

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What is GLOBALFOUNDRIES Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). GLOBALFOUNDRIES's Average Total Inventories for the three months ended in Sep. 2024 was MXN32,720 Mil. GLOBALFOUNDRIES's Cost of Goods Sold for the three months ended in Sep. 2024 was MXN26,090 Mil. Hence, GLOBALFOUNDRIES's Days Inventory for the three months ended in Sep. 2024 was 114.44.

The historical rank and industry rank for GLOBALFOUNDRIES's Days Inventory or its related term are showing as below:

MEX:GFS' s Days Inventory Range Over the Past 10 Years
Min: 20.24 Med: 66.83 Max: 115.03
Current: 115.03

During the past 6 years, GLOBALFOUNDRIES's highest Days Inventory was 115.03. The lowest was 20.24. And the median was 66.83.

MEX:GFS's Days Inventory is ranked better than
54.04% of 953 companies
in the Semiconductors industry
Industry Median: 122.88 vs MEX:GFS: 115.03

GLOBALFOUNDRIES's Days Inventory increased from Sep. 2023 (103.09) to Sep. 2024 (114.44). It might indicate that GLOBALFOUNDRIES's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. GLOBALFOUNDRIES's Inventory Turnover for the three months ended in Sep. 2024 was 0.80.

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 three months ended in Sep. 2024 was 0.96.

GLOBALFOUNDRIES Days Inventory Historical Data

The historical data trend for GLOBALFOUNDRIES's Days 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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GLOBALFOUNDRIES Days Inventory Chart

GLOBALFOUNDRIES Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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20.24

41.11

65.92

78.32

104.34

GLOBALFOUNDRIES Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															103.09	104.21	125.82	121.57	114.44

Competitive Comparison of GLOBALFOUNDRIES's Days Inventory

For the Semiconductors subindustry, GLOBALFOUNDRIES's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GLOBALFOUNDRIES's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, GLOBALFOUNDRIES's Days Inventory distribution charts can be found below:

* The bar in red indicates where GLOBALFOUNDRIES's Days Inventory falls into.

GLOBALFOUNDRIES Days Inventory Calculation

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

GLOBALFOUNDRIES's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (26105.144	+	25240.707)	/	2 )	/	89810.746	*	365
=	25672.9255					/	89810.746	*	365
=	104.34

GLOBALFOUNDRIES's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (32719.704	+	0)	/	1 )	/	26089.648	*	365 / 4
=	32719.704					/	26089.648	*	365 / 4
=	114.44

GLOBALFOUNDRIES (MEX:GFS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

GLOBALFOUNDRIES's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	26089.648	/	32719.704
	=	0.80

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 three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	32719.704	/	34241.432
	=	0.96

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

GLOBALFOUNDRIES Days Inventory Related Terms

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GLOBALFOUNDRIES Business Description

Industry

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

Comparable Companies

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GFS:USA 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 12,000 people.