Advanced Ceramic X (ROCO:3152) Inventory Turnover : 1.27 (As of Sep. 2024)

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What is Advanced Ceramic X 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. Advanced Ceramic X's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$244 Mil. Advanced Ceramic X's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$191 Mil. Advanced Ceramic X's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Ceramic X's Days Inventory for the three months ended in Sep. 2024 was 71.58.

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. Advanced Ceramic X's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.45.

Advanced Ceramic X Inventory Turnover Historical Data

The historical data trend for Advanced Ceramic X'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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Advanced Ceramic X Inventory Turnover Chart

Advanced Ceramic X Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.57

6.18

4.92

3.70

5.59

Advanced Ceramic X Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.79	1.66	1.25	1.12	1.27

Advanced Ceramic X Inventory Turnover Calculation

Advanced Ceramic X'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 )
=	909.757	/ (	(186.008	+	139.208)	/	2 )
=	909.757	/	162.608
=	5.59

Advanced Ceramic X's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	243.891	/ (	(200.855	+	181.78)	/	2 )
=	243.891	/	191.3175
=	1.27

Advanced Ceramic X (ROCO:3152) 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.

Advanced Ceramic X's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	191.3175	/	243.891	*	365 / 4
	=	71.58

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.

Advanced Ceramic X's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	191.3175	/	428.644
	=	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.

Advanced Ceramic X Inventory Turnover Related Terms

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Advanced Ceramic X Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advanced Ceramic X Corp (ROCO:3152) » Definitions » Inventory Turnover

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Address

No. 16, Tzu Chiang Road, Hsinchu Industrial Park, Hsinchu Hsien, TWN, 30352

Website

https://www.acxc.com.tw

Advanced Ceramic X Corp manufactures high-frequency chip ceramic components and high-frequency components and modules for wireless communication. The business activities of the company are the design, manufacture and sale of RF front-end devices and modules for application in wireless communication. Its products include Antennas, Balun-Filters, Baluns, Coupler-Filters, Couplers, Band Pass Filters, Filter Arrays, High and Low Pass Filters, Diplexers, Saw-Triplexers, Triplexers, Power Dividers, FEM Series and High-Frequency Inductors. Geographically, it derives a majority of its revenue from China and also has a presence in the United States, Taiwan, Hong Kong, and Other Countries.

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