Progate Group (ROCO:8227) Days Inventory : 57.62 (As of Mar. 2024)

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What is Progate Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Progate Group's Average Total Inventories for the three months ended in Mar. 2024 was NT$79 Mil. Progate Group's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$125 Mil. Hence, Progate Group's Days Inventory for the three months ended in Mar. 2024 was 57.62.

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

ROCO:8227' s Days Inventory Range Over the Past 10 Years
Min: 30.21 Med: 66.92 Max: 157.73
Current: 57.85

During the past 10 years, Progate Group's highest Days Inventory was 157.73. The lowest was 30.21. And the median was 66.92.

ROCO:8227's Days Inventory is ranked better than
79.77% of 944 companies
in the Semiconductors industry
Industry Median: 130.195 vs ROCO:8227: 57.85

Progate Group's Days Inventory declined from Mar. 2023 (105.89) to Mar. 2024 (57.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. Progate Group's Inventory Turnover for the three months ended in Mar. 2024 was 1.58.

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. Progate Group's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.49.

Progate Group Days Inventory Historical Data

The historical data trend for Progate Group'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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Progate Group Days Inventory Chart

Progate Group Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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69.90

76.93

63.93

48.64

54.12

Progate Group Quarterly Data
	Dec12	Jun13	Dec13	Jun14	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															105.89	88.00	69.87	35.36	57.62

Competitive Comparison of Progate Group's Days Inventory

For the Semiconductors subindustry, Progate Group'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.

Progate Group's Days Inventory Distribution in the Semiconductors Industry

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

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

Progate Group Days Inventory Calculation

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

Progate Group'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
=	( (127.4	+	104.376)	/	2 )	/	781.612	*	365
=	115.888					/	781.612	*	365
=	54.12

Progate Group'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
=	( (104.376	+	53.813)	/	2 )	/	125.258	*	365 / 4
=	79.0945					/	125.258	*	365 / 4
=	57.62

Progate Group (ROCO:8227) 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.

Progate Group's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	125.258	/	79.0945
	=	1.58

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.

Progate Group's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	79.0945	/	160.292
	=	0.49

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.

Progate Group Days Inventory Related Terms

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

Progate Group (ROCO:8227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Progate Group Corp (ROCO:8227) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8thFL., No.88, Sec.1, Neihu Road, Taipei, TWN, 114

Website

http://www.pgc.com.tw

Progate Group Corp. develops & manufactures application specific integrated circuits. It offers IP designs, SIP turnkey design, SOC advance design flow, Lower power design solutions, MPW shuttle bus service, Platform, SiP Design Turnkey & others.

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