WFE Technology (ROCO:6474) Inventory Turnover : 1.24 (As of Dec. 2023)

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What is WFE 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. WFE Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,752 Mil. WFE Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$1,410 Mil. WFE Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WFE Technology's Days Inventory for the six months ended in Dec. 2023 was 146.80.

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. WFE Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

WFE Technology Inventory Turnover Historical Data

The historical data trend for WFE 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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WFE Technology Inventory Turnover Chart

WFE Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.79

4.04

4.49

2.78

2.36

WFE Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.02	1.47	1.35	0.98	1.24

WFE Technology Inventory Turnover Calculation

WFE 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 )
=	3375.556	/ (	(1670.762	+	1184.074)	/	2 )
=	3375.556	/	1427.418
=	2.36

WFE Technology'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 )
=	1752.456	/ (	(1635.24	+	1184.074)	/	2 )
=	1752.456	/	1409.657
=	1.24

WFE Technology (ROCO:6474) 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.

WFE Technology's Days Inventory for the six 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
	=	1409.657	/	1752.456	*	365 / 2
	=	146.80

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.

WFE Technology'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 )
	=	1409.657	/	2050.602
	=	0.69

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.

WFE Technology Inventory Turnover Related Terms

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WFE Technology (ROCO:6474) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » WFE Technology Corp (ROCO:6474) » Definitions » Inventory Turnover

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Address

No. 238 Chin Hua N. Road, North District, Taichung City, TWN, 40457

Website

http://www.wfe.com.tw

WFE Technology Corp is engaged in the business of manufacture and sale of electronic components. The company's product consists of the microchip, power integrations, microcontrollers, resonators, and other products. It offers solutions in the automobile, home appliance and sports and health industries. The company markets its product mainly in Taiwan and China.

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