Fositek (TPE:6805) Days Inventory : 86.59 (As of Sep. 2024)

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What is Fositek Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fositek's Average Total Inventories for the three months ended in Sep. 2024 was NT$1,428 Mil. Fositek's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$1,505 Mil. Hence, Fositek's Days Inventory for the three months ended in Sep. 2024 was 86.59.

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

TPE:6805' s Days Inventory Range Over the Past 10 Years
Min: 77.25 Med: 106.52 Max: 191.46
Current: 77.25

During the past 6 years, Fositek's highest Days Inventory was 191.46. The lowest was 77.25. And the median was 106.52.

TPE:6805's Days Inventory is ranked better than
62.81% of 2401 companies
in the Hardware industry
Industry Median: 99.65 vs TPE:6805: 77.25

Fositek's Days Inventory increased from Sep. 2023 (54.50) to Sep. 2024 (86.59). It might indicate that Fositek's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fositek's Inventory Turnover for the three months ended in Sep. 2024 was 1.05.

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. Fositek's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.72.

Fositek Days Inventory Historical Data

The historical data trend for Fositek'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.

Fositek Days Inventory Chart

Fositek Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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87.86

191.46

127.13

94.53

79.33

Fositek Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															54.50	58.85	77.20	88.85	86.59

Competitive Comparison of Fositek's Days Inventory

For the Computer Hardware subindustry, Fositek'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.

Fositek's Days Inventory Distribution in the Hardware Industry

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

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

Fositek Days Inventory Calculation

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

Fositek'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
=	( (881.783	+	998.605)	/	2 )	/	4326.085	*	365
=	940.194					/	4326.085	*	365
=	79.33

Fositek'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
=	( (1376.022	+	1479.314)	/	2 )	/	1504.511	*	365 / 4
=	1427.668					/	1504.511	*	365 / 4
=	86.59

Fositek (TPE:6805) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1504.511	/	1427.668
	=	1.05

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.

Fositek's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1427.668	/	1988.28
	=	0.72

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.

Fositek Days Inventory Related Terms

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

Fositek Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Fositek Corp (TPE:6805) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 24, Wuquan 2nd Road, Room No. 4, 8th Floor, Xinzhuang District, Taipei, TWN, 248

Website

https://www.fositek.com

Fositek Corp is engaged in the manufacture and marketing of hinge products and components for computers, consumer electronics, gaming consoles, industrial machines, camera equipment, and medical equipment.

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