Egis Technology (ROCO:6462) Inventory Turnover : 1.16 (As of Sep. 2024)

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What is Egis 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. Egis Technology's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$746 Mil. Egis Technology's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$644 Mil. Egis Technology's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Egis Technology's Days Inventory for the three months ended in Sep. 2024 was 78.83.

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. Egis Technology's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Egis Technology Inventory Turnover Historical Data

The historical data trend for Egis 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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Egis Technology Inventory Turnover Chart

Egis Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.40

6.16

4.19

1.90

2.16

Egis Technology 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															0.56	0.85	0.80	0.89	1.16

Egis Technology Inventory Turnover Calculation

Egis 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 )
=	2672.884	/ (	(1633.962	+	842.714)	/	2 )
=	2672.884	/	1238.338
=	2.16

Egis Technology'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 )
=	745.752	/ (	(700.269	+	588.21)	/	2 )
=	745.752	/	644.2395
=	1.16

Egis Technology (ROCO:6462) 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.

Egis Technology'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
	=	644.2395	/	745.752	*	365 / 4
	=	78.83

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.

Egis Technology'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 )
	=	644.2395	/	1246.186
	=	0.52

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.

Egis Technology Inventory Turnover Related Terms

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Egis Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Egis Technology Inc (ROCO:6462) » Definitions » Inventory Turnover

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Address

No. 118, Ciyun Road, 30th Floor-1, East District, Hsinchu, TWN, 114

Website

https://www.egistec.com

Egis Technology Inc is a Taiwan-based company that is engaged in research, development, and sales of data security software, biometric identification software and hardware, wholesale of electronic material, development and design of IC, and international trading. Geographically, it derives a majority of its revenue from Asia. The company generates maximum revenue from the biometric authentication IC sensor and its application. It has two reportable operating segments Egis and its subsidiaries and Alcor and its subsidiaries.

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