Rafael Microelectronics (ROCO:6568) Inventory Turnover : 0.44 (As of Sep. 2024)

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What is Rafael Microelectronics 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. Rafael Microelectronics's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$181.7 Mil. Rafael Microelectronics's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$416.8 Mil. Rafael Microelectronics's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rafael Microelectronics's Days Inventory for the three months ended in Sep. 2024 was 209.37.

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. Rafael Microelectronics's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.46.

Rafael Microelectronics Inventory Turnover Historical Data

The historical data trend for Rafael Microelectronics'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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Rafael Microelectronics Inventory Turnover Chart

Rafael Microelectronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.27

4.20

2.36

2.09

1.50

Rafael Microelectronics 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															0.39	0.40	0.35	0.36	0.44

Rafael Microelectronics Inventory Turnover Calculation

Rafael Microelectronics'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 )
=	659.602	/ (	(475.279	+	401.835)	/	2 )
=	659.602	/	438.557
=	1.50

Rafael Microelectronics'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 )
=	181.653	/ (	(428.016	+	405.568)	/	2 )
=	181.653	/	416.792
=	0.44

Rafael Microelectronics (ROCO:6568) 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.

Rafael Microelectronics'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
	=	416.792	/	181.653	*	365 / 4
	=	209.37

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.

Rafael Microelectronics'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 )
	=	416.792	/	285.968
	=	1.46

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.

Rafael Microelectronics Inventory Turnover Related Terms

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Rafael Microelectronics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Rafael Microelectronics Inc (ROCO:6568) » Definitions » Inventory Turnover

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Address

Chenggong 12th Street, 8th Floor, No.28, Zhubei, TWN, 30264

Website

https://www.rafaelmicro.com

Rafael Microelectronics Inc engaged in the research and development, design, manufacturing, and marketing of radio frequency integrated circuits (RF ICs), RF integrated systems, and related products. It supplies products to Europe, North America, China, Taiwan, Korea, and Japan. Its products include IOT connectivity, optical networking, satellite communication, STB receivers, and TV receivers.

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