Semiconductor Manufacturing International (HKSE:00981) Inventory Turnover : 0.53 (As of Dec. 2023)

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What is Semiconductor Manufacturing International 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. Semiconductor Manufacturing International's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$10,960 Mil. Semiconductor Manufacturing International's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$20,770 Mil. Semiconductor Manufacturing International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Semiconductor Manufacturing International's Days Inventory for the three months ended in Dec. 2023 was 172.93.

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. Semiconductor Manufacturing International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.58.

Semiconductor Manufacturing International Inventory Turnover Historical Data

The historical data trend for Semiconductor Manufacturing International'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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Semiconductor Manufacturing International Inventory Turnover Chart

Semiconductor Manufacturing International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.04

4.17

3.79

2.90

2.20

Semiconductor Manufacturing International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.61	0.58	0.56	0.53	0.53

Semiconductor Manufacturing International Inventory Turnover Calculation

Semiconductor Manufacturing International'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 )
=	39859.782	/ (	(14881.691	+	21366.996)	/	2 )
=	39859.782	/	18124.3435
=	2.20

Semiconductor Manufacturing International'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	10959.836	/ (	(20173.269	+	21366.996)	/	2 )
=	10959.836	/	20770.1325
=	0.53

Semiconductor Manufacturing International (HKSE:00981) 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.

Semiconductor Manufacturing International'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
	=	20770.1325	/	10959.836	*	365 / 4
	=	172.93

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.

Semiconductor Manufacturing International'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 )
	=	20770.1325	/	13107.18
	=	1.58

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.

Semiconductor Manufacturing International Inventory Turnover Related Terms

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Semiconductor Manufacturing International (HKSE:00981) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Semiconductor Manufacturing International Corp (HKSE:00981) » Definitions » Inventory Turnover

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MKN2:Germany 688981:China

Address

No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203

Website

https://www.smics.com

Founded in 2000, Semiconductor Manufacturing International Corp. is the largest Chinese foundry and the fifth-largest globally after TSMC, Samsung Electronics, GlobalFoundries, and United Microelectronics Corp. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 21,000 people.

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