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Cirtek Holdings Philippines (PHS:TCB2D.PFD) Days Inventory : 494.34 (As of Mar. 2024)


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What is Cirtek Holdings Philippines Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cirtek Holdings Philippines's Average Total Inventories for the three months ended in Mar. 2024 was ₱3,446.36 Mil. Cirtek Holdings Philippines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱636.17 Mil. Hence, Cirtek Holdings Philippines's Days Inventory for the three months ended in Mar. 2024 was 494.34.

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

PHS:TCB2D.PFD' s Days Inventory Range Over the Past 10 Years
Min: 60.27   Med: 176.69   Max: 464.82
Current: 464.82

During the past 13 years, Cirtek Holdings Philippines's highest Days Inventory was 464.82. The lowest was 60.27. And the median was 176.69.

PHS:TCB2D.PFD's Days Inventory is ranked worse than
93.32% of 943 companies
in the Semiconductors industry
Industry Median: 130.21 vs PHS:TCB2D.PFD: 464.82

Cirtek Holdings Philippines's Days Inventory increased from Mar. 2023 (490.23) to Mar. 2024 (494.34). It might indicate that Cirtek Holdings Philippines's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cirtek Holdings Philippines's Inventory Turnover for the three months ended in Mar. 2024 was 0.18.

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. Cirtek Holdings Philippines's Inventory-to-Revenue for the three months ended in Mar. 2024 was 3.85.


Cirtek Holdings Philippines Days Inventory Historical Data

The historical data trend for Cirtek Holdings Philippines'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.

* Premium members only.

Cirtek Holdings Philippines Days Inventory Chart

Cirtek Holdings Philippines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 208.24 355.23 425.92 369.13 448.06

Cirtek Holdings Philippines Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 490.23 386.41 409.48 753.88 494.34

Competitive Comparison of Cirtek Holdings Philippines's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Cirtek Holdings Philippines'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.


Cirtek Holdings Philippines's Days Inventory Distribution in the Semiconductors Industry

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

* The bar in red indicates where Cirtek Holdings Philippines's Days Inventory falls into.



Cirtek Holdings Philippines Days Inventory Calculation

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

Cirtek Holdings Philippines'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
=( (3970.039 + 3488.891) / 2 ) / 3038.091*365
=3729.465 / 3038.091*365
=448.06

Cirtek Holdings Philippines's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (3488.891 + 3403.838) / 2 ) / 636.169*365 / 4
=3446.3645 / 636.169*365 / 4
=494.34

* 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.


Cirtek Holdings Philippines  (PHS:TCB2D.PFD) 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.

Cirtek Holdings Philippines's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

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.

Cirtek Holdings Philippines's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

* 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.


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.


Cirtek Holdings Philippines Days Inventory Related Terms

Thank you for viewing the detailed overview of Cirtek Holdings Philippines's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Cirtek Holdings Philippines (PHS:TCB2D.PFD) Business Description

Address
116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024
Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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