Eris Technology (ROCO:3675) Inventory Turnover : 1.31 (As of Mar. 2024)

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What is Eris Technology 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. Eris Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$353 Mil. Eris Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$270 Mil. Eris Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eris Technology's Days Inventory for the three months ended in Mar. 2024 was 69.83.

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. Eris Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.50.

Eris Technology Inventory Turnover Historical Data

The historical data trend for Eris Technology'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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Eris Technology Inventory Turnover Chart

Eris Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.84

4.53

4.69

4.23

3.98

Eris Technology Quarterly Data
	Jun19	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															0.95	1.06	1.18	1.14	1.31

Eris Technology Inventory Turnover Calculation

Eris Technology'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 )
=	1086.491	/ (	(308.85	+	237.732)	/	2 )
=	1086.491	/	273.291
=	3.98

Eris Technology'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 )
=	353.325	/ (	(237.732	+	303.056)	/	2 )
=	353.325	/	270.394
=	1.31

Eris Technology (ROCO:3675) 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.

Eris Technology'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
	=	270.394	/	353.325	*	365 / 4
	=	69.83

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.

Eris Technology'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 )
	=	270.394	/	544.918
	=	0.50

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.

Eris Technology Inventory Turnover Related Terms

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Eris Technology (ROCO:3675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eris Technology Corp (ROCO:3675) » Definitions » Inventory Turnover

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Address

Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203

Website

https://www.eris.com.tw

Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

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