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Gold Circuit Electronics (TPE:2368) Days Inventory : 87.97 (As of Dec. 2023)


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What is Gold Circuit Electronics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Gold Circuit Electronics's Average Total Inventories for the three months ended in Dec. 2023 was NT$5,945 Mil. Gold Circuit Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$6,167 Mil. Hence, Gold Circuit Electronics's Days Inventory for the three months ended in Dec. 2023 was 87.97.

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

TPE:2368' s Days Inventory Range Over the Past 10 Years
Min: 54.43   Med: 62.95   Max: 94.74
Current: 92.52

During the past 13 years, Gold Circuit Electronics's highest Days Inventory was 94.74. The lowest was 54.43. And the median was 62.95.

TPE:2368's Days Inventory is ranked better than
55.63% of 2407 companies
in the Hardware industry
Industry Median: 102.53 vs TPE:2368: 92.52

Gold Circuit Electronics's Days Inventory increased from Dec. 2022 (85.30) to Dec. 2023 (87.97). It might indicate that Gold Circuit Electronics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Gold Circuit Electronics's Inventory Turnover for the three months ended in Dec. 2023 was 1.04.

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. Gold Circuit Electronics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.70.


Gold Circuit Electronics Days Inventory Historical Data

The historical data trend for Gold Circuit Electronics'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.

Gold Circuit Electronics Days Inventory Chart

Gold Circuit Electronics 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 68.03 58.69 71.25 79.18 94.74

Gold Circuit Electronics Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 85.30 101.29 93.13 87.06 87.97

Competitive Comparison of Gold Circuit Electronics's Days Inventory

For the Electronic Components subindustry, Gold Circuit Electronics'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.


Gold Circuit Electronics's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Gold Circuit Electronics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gold Circuit Electronics's Days Inventory falls into.



Gold Circuit Electronics Days Inventory Calculation

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

Gold Circuit Electronics'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
=( (5615.97 + 5970.385) / 2 ) / 22320.154*365
=5793.1775 / 22320.154*365
=94.74

Gold Circuit Electronics's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (5920.024 + 5970.385) / 2 ) / 6166.612*365 / 4
=5945.2045 / 6166.612*365 / 4
=87.97

* 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.


Gold Circuit Electronics  (TPE:2368) 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.

Gold Circuit Electronics's Inventory Turnover for the three months ended in Dec. 2023 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.

Gold Circuit Electronics's Inventory to Revenue for the three months ended in Dec. 2023 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.


Gold Circuit Electronics Days Inventory Related Terms

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


Gold Circuit Electronics (TPE:2368) Business Description

Traded in Other Exchanges
N/A
Address
No. 113, Xiyuan Road, Zhongli Industrial Park, Zhongli District, Taoyuan, TWN, 320
Gold Circuit Electronics Ltd manufactures, processes and sells printed circuit boards for various applications. Its products are applies in notebooks, handheld devices, telecommunications, networking and server & storage fields, among others.

Gold Circuit Electronics (TPE:2368) Headlines

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