Silicon Craft Technology PCL (BKK:SICT) Inventory Turnover : 0.18 (As of Mar. 2024)

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What is Silicon Craft Technology PCL Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Silicon Craft Technology PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿117.8 Mil. Silicon Craft Technology PCL's Average Total Inventories for the quarter that ended in Mar. 2024 was ฿672.3 Mil. Silicon Craft Technology PCL's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Silicon Craft Technology PCL's Days Inventory for the three months ended in Mar. 2024 was 520.92.

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. Silicon Craft Technology PCL's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.28.

Silicon Craft Technology PCL Inventory Turnover Historical Data

The historical data trend for Silicon Craft Technology PCL's Inventory Turnover 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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Silicon Craft Technology PCL Inventory Turnover Chart

Silicon Craft Technology PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.81

2.45

1.96

1.57

0.78

Silicon Craft Technology PCL Quarterly Data
	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.22	0.14	0.13	0.18

Silicon Craft Technology PCL Inventory Turnover Calculation

Silicon Craft Technology PCL's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	361.973	/ (	(229.391	+	703.772)	/	2 )
=	361.973	/	466.5815
=	0.78

Silicon Craft Technology PCL's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	117.769	/ (	(703.772	+	640.839)	/	2 )
=	117.769	/	672.3055
=	0.18

Silicon Craft Technology PCL (BKK:SICT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Silicon Craft Technology PCL's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	672.3055	/	117.769	*	365 / 4
	=	520.92

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.

Silicon Craft Technology PCL's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	672.3055	/	205.159
	=	3.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Silicon Craft Technology PCL Inventory Turnover Related Terms

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Silicon Craft Technology PCL (BKK:SICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Silicon Craft Technology PCL (BKK:SICT) » Definitions » Inventory Turnover

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Address

No.40, Thetsaban Rangsan Nua Road, 3rd Floor, La Unique Plaza, Kwaeng Lat Yao, Khet Chatuchak, Bangkok, THA, 10900

Website

https://www.sic.co.th

Silicon Craft Technology PCL is a Thailand based semiconductor designing company, which manufactures RFID microchips. It is engaged in the distribution of goods and the design of integrated circuits and embedded systems. The company has a global business presence. The products offered by the company has application in ASIC designs, Smart toy, Water card sensor, and Smart home, among others.

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