ChipMOS TECHNOLOGIES (FRA:CPIA) Inventory Turnover : 1.78 (As of Dec. 2023)

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What is ChipMOS TECHNOLOGIES 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. ChipMOS TECHNOLOGIES's Cost of Goods Sold for the three months ended in Dec. 2023 was €134.3 Mil. ChipMOS TECHNOLOGIES's Average Total Inventories for the quarter that ended in Dec. 2023 was €75.4 Mil. ChipMOS TECHNOLOGIES's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ChipMOS TECHNOLOGIES's Days Inventory for the three months ended in Dec. 2023 was 51.23.

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. ChipMOS TECHNOLOGIES's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

ChipMOS TECHNOLOGIES Inventory Turnover Historical Data

The historical data trend for ChipMOS TECHNOLOGIES'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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ChipMOS TECHNOLOGIES Inventory Turnover Chart

ChipMOS TECHNOLOGIES Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.44

9.21

7.86

5.70

6.00

ChipMOS TECHNOLOGIES Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.58	-	-	-	1.78

ChipMOS TECHNOLOGIES Inventory Turnover Calculation

ChipMOS TECHNOLOGIES'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 )
=	522.498	/ (	(98.871	+	75.371)	/	2 )
=	522.498	/	87.121
=	6.00

ChipMOS TECHNOLOGIES's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	134.254	/ (	(0	+	75.371)	/	1 )
=	134.254	/	75.371
=	1.78

ChipMOS TECHNOLOGIES (FRA:CPIA) 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.

ChipMOS TECHNOLOGIES's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	75.371	/	134.254	*	365 / 4
	=	51.23

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.

ChipMOS TECHNOLOGIES's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	75.371	/	167.998
	=	0.45

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.

ChipMOS TECHNOLOGIES Inventory Turnover Related Terms

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ChipMOS TECHNOLOGIES (FRA:CPIA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » ChipMOS TECHNOLOGIES Inc (FRA:CPIA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

IMOS:USA 8150:Taiwan CPIA:Germany

Address

No. 1, R&D Road 1, Hsinchu Science Park, Hsinchu, TWN

Website

https://www.chipmos.com

ChipMOS TECHNOLOGIES Inc provides semiconductor testing and packaging solutions to fabless companies, integrated device manufacturers, and foundries. Its service targets include semiconductor design companies, integrated component manufacturing companies, and semiconductor wafers factories. The company's segments include Testing, Assembly, Testing, and Assembly for LCD, OLED, and other Display Panel Driver Semiconductors (LCDD), Bumping, and others. The Company derives a majority of its revenue from Taiwan followed by Japan, People's Republic of China, Singapore, and others.