Ubiqconn Technology (TPE:6928) Days Inventory : 57.81 (As of Mar. 2024)

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What is Ubiqconn Technology Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ubiqconn Technology's Average Total Inventories for the three months ended in Mar. 2024 was NT$1,664 Mil. Ubiqconn Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,626 Mil. Hence, Ubiqconn Technology's Days Inventory for the three months ended in Mar. 2024 was 57.81.

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

TPE:6928' s Days Inventory Range Over the Past 10 Years
Min: 93.38 Med: 100.18 Max: 198.44
Current: 198.44

During the past 5 years, Ubiqconn Technology's highest Days Inventory was 198.44. The lowest was 93.38. And the median was 100.18.

TPE:6928's Days Inventory is ranked worse than
91.15% of 1560 companies
in the Software industry
Industry Median: 18.89 vs TPE:6928: 198.44

Ubiqconn Technology's Days Inventory increased from Mar. 2023 (34.00) to Mar. 2024 (57.81). It might indicate that Ubiqconn Technology's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ubiqconn Technology'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. Ubiqconn Technology's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.59.

Ubiqconn Technology Days Inventory Historical Data

The historical data trend for Ubiqconn Technology'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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Ubiqconn Technology Days Inventory Chart

Ubiqconn Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

93.38

100.18

96.74

143.05

117.03

Ubiqconn Technology Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial							34.00	-	116.65	128.82	57.81

Competitive Comparison of Ubiqconn Technology's Days Inventory

For the Information Technology Services subindustry, Ubiqconn Technology'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.

Ubiqconn Technology's Days Inventory Distribution in the Software Industry

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

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

Ubiqconn Technology Days Inventory Calculation

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

Ubiqconn Technology'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
=	( (1081.696	+	794.908)	/	2 )	/	2926.502	*	365
=	938.302					/	2926.502	*	365
=	117.03

Ubiqconn Technology'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
=	( (794.908	+	2532.464)	/	2 )	/	2625.974	*	365 / 4
=	1663.686					/	2625.974	*	365 / 4
=	57.81

Ubiqconn Technology (TPE:6928) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2625.974	/	1663.686
	=	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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1663.686	/	2814.855
	=	0.59

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.

Ubiqconn Technology Days Inventory Related Terms

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

Ubiqconn Technology (TPE:6928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ubiqconn Technology Inc (TPE:6928) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.300, Yangguang Street, 4th Floor Neihu District, Taipei City, TWN, 11491

Website

https://www.ubiqconn.com

Ubiqconn Technology Inc provides rugged mobile solutions with a focus on key industries, such as SATCOM, Agriculture, Logistics, Maritime, Transportation, and Government. It provides value-added ODM/OEM services in different vertical markets, as well as rugged solutions for its own brand RuggON.

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