Taiwan Mask (TPE:2338) Days Inventory: 30.22 (As of Mar. 2026) — 24% Below Median


TPE:2338 Taiwan Mask Corp TPE:2338
68 GF Score
Price NT$47.70
GF Value NT$41.34
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Taiwan Mask Days Inventory?

Taiwan Mask TPE:2338 68 Days Inventory is 30.22 as of Mar. 2026, which is 24% below its 10-year median of 39.63. GuruFocus rates TPE:2338 with a GF Score™ of 68/100 and a GF Value™ of NT$41.34 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 980 Semiconductors companies, Taiwan Mask ranks better than 86.33% on this metric.

Days Inventory is also known as Days Sales of Inventory (DSI). Taiwan Mask's Average Total Inventories for the three months ended in Mar. 2026 was NT$420 Mil. Taiwan Mask's Cost of Goods Sold for the three months ended in Mar. 2026 was NT$1,269 Mil. Hence, Taiwan Mask's Days Inventory for the three months ended in Mar. 2026 was 30.22.

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

TPE:2338' s Days Inventory Range Over the Past 10 Years
Min: 21.63   Med: 39.63   Max: 107.77
Current: 39.63

During the past 13 years, Taiwan Mask's highest Days Inventory was 107.77. The lowest was 21.63. And the median was 39.63.

TPE:2338's Days Inventory is ranked better than
86.33% of 980 companies
in the Semiconductors industry
Industry Median: 111.885 vs TPE:2338: 39.63

Taiwan Mask's Days Inventory declined from Mar. 2025 (46.06) to Mar. 2026 (30.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Taiwan Mask's Inventory Turnover for the three months ended in Mar. 2026 was 3.02.

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. Taiwan Mask's Inventory-to-Revenue for the three months ended in Mar. 2026 was 0.27.


Taiwan Mask  (TPE:2338) 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.

Taiwan Mask's Inventory Turnover for the three months ended in Mar. 2026 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.

Taiwan Mask's Inventory to Revenue for the three months ended in Mar. 2026 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.


Taiwan Mask Days Inventory Related Terms


Taiwan Mask Days Inventory Historical Data

* Premium members only.

The historical data trend for Taiwan Mask'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.

Taiwan Mask Days Inventory Chart

Taiwan Mask Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.45 25.43 36.90 42.37 37.49

Taiwan Mask Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 46.06 44.10 45.69 37.95 30.22

TPE:2338 vs AMAT, LRCX, KLAC: Days Inventory Comparison

For the Semiconductor Equipment & Materials subindustry, Taiwan Mask'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.


Taiwan Mask Days Inventory vs Semiconductors Industry

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

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


TPE:2338
68GF Score
Taiwan Mask Corp TPE:2338
Days Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Taiwan Mask Days Inventory Calculation

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

Taiwan Mask's Days Inventory for the fiscal year that ended in Dec. 2025 is calculated as

Days Inventory (A: Dec. 2025 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (723.781 + 419.16) / 2 ) / 5564.281*365
=571.4705 / 5564.281*365
=37.49

Taiwan Mask's Days Inventory for the quarter that ended in Mar. 2026 is calculated as:

Days Inventory (Q: Mar. 2026 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (419.16 + 421.069) / 2 ) / 1268.629*365 / 4
=420.1145 / 1268.629*365 / 4
=30.22

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 30.22 mean?
Taiwan Mask (TPE:2338) has a Days Inventory of 30.22 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Taiwan Mask and its competitors. This is 24% below median its historical median of 39.63. Over the past decade, Taiwan Mask's Days Inventory has ranged from 21.63 to 107.77. According to the industry distribution chart, Taiwan Mask ranks #134 out of 980 companies in the Semiconductors industry, placing it in the top 13.7%.
Is Taiwan Mask's Days Inventory too high?
Taiwan Mask's current Days Inventory of 30.22 is 24% below median its 10-year median of 39.63. Over the past 10 years, this metric has ranged from a low of 21.63 to a high of 107.77. The Semiconductors industry median Days Inventory is 111.89. Taiwan Mask's value of 30.22 is 73% below this industry median. Based on the distribution chart, Taiwan Mask ranks #134 out of 980 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Taiwan Mask has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taiwan Mask's Days Inventory compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Taiwan Mask ranks #134 out of 980 companies for Days Inventory. This places Taiwan Mask in the top 14% of its industry — outperforming the majority of peers. The industry median Days Inventory is 111.89. Taiwan Mask's value of 30.22 is 73% below this benchmark. Historically, Taiwan Mask's own Days Inventory has ranged from 21.63 to 107.77 over the past decade. While the company's 10-year median is 39.63 vs. the industry median of 111.89, Taiwan Mask has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Semiconductors company?
The median Days Inventory among Semiconductors companies is 111.89, based on 980 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Taiwan Mask's current Days Inventory of 30.22 is 73% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Taiwan Mask and its competitors. For the Semiconductors industry, the median Days Inventory is 111.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taiwan Mask's current Days Inventory is 30.22, which is 24% below median its own 10-year median of 39.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taiwan Mask stock overvalued right now?
Based on GuruFocus' analysis, Taiwan Mask (TPE:2338) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$41.34, compared to a current price of NT$47.70 — trading 15.4% above its estimated fair value. The current Days Inventory is 30.22, which is 24% below median its 10-year median of 39.63 and 73% below the Semiconductors industry median of 111.89. Taiwan Mask's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Taiwan Mask (TPE:2338), the current Days Inventory is 30.22 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Taiwan Mask (TPE:2338) Overvalued in 2026?

Based on GuruFocus' analysis, Taiwan Mask stock appears to be overvalued. The current stock price of NT$47.70 is trading 15.4% above its estimated GF Value™ of NT$41.34. GuruFocus considers Taiwan Mask to be Modestly Overvalued.

Key valuation signals for TPE:2338:

  • Days Inventory: 30.22 (24% below median its 10-year median of 39.63)
  • GF Value™: NT$41.34 vs. price of NT$47.70 (15.4% above fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 73% below the Semiconductors median (#134 of 980)

No single metric tells the full story. See the TPE:2338 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Taiwan Mask Business Description

Address No. 11, Chuangxin 1st Road, Hsinchu Science Park, Hsinchu, TWN
Taiwan Mask Corp manufactures and markets photomasks products for semiconductor production. The company also produces and sells products such as masks and integrated circuits used in semiconductors, and has a diversified sales base. The product segment of the company comprises Photomask and the semiconductor segment. The company generates its revenue from the Photomask and semiconductor segments.
68GF Score

Get the complete analysis for TPE:2338

Days Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$47.70
Price
NT$41.34
GF Value