Grade Upon Technology (ROCO:6739) Inventory Turnover : 0.73 (As of Dec. 2023)

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What is Grade Upon 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. Grade Upon Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$47.8 Mil. Grade Upon Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$65.4 Mil. Grade Upon Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Grade Upon Technology's Days Inventory for the six months ended in Dec. 2023 was 249.71.

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. Grade Upon Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Grade Upon Technology Inventory Turnover Historical Data

The historical data trend for Grade Upon 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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Grade Upon Technology Inventory Turnover Chart

Grade Upon Technology Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.08

1.43

1.47

1.13

1.42

Grade Upon Technology Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							0.71	0.27	0.81	0.69	0.73

Grade Upon Technology Inventory Turnover Calculation

Grade Upon 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 )
=	99.995	/ (	(80.428	+	60.397)	/	2 )
=	99.995	/	70.4125
=	1.42

Grade Upon 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 )
=	47.783	/ (	(70.362	+	60.397)	/	2 )
=	47.783	/	65.3795
=	0.73

Grade Upon Technology (ROCO:6739) 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.

Grade Upon 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
	=	65.3795	/	47.783	*	365 / 2
	=	249.71

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.

Grade Upon 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 )
	=	65.3795	/	127.956
	=	0.51

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.

Grade Upon Technology Inventory Turnover Related Terms

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Grade Upon Technology (ROCO:6739) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Grade Upon Technology Corp (ROCO:6739) » Definitions » Inventory Turnover

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Address

No.1, Baotai 6th Road, Hsinchu County, Zhubei, TWN, 30244

Website

https://www.gutc.com.tw

Grade Upon Technology Corp is specializing in R&D and design for industrial process equipment and monitoring equipment as the core technology of its IC Design. Its products include IoT fast platform, LG16 / LG216 Liquid flow sensor / Flowmeter, SLQ-HC60 flow meter, ASL-1600 Liquid Flow Meter, MSD online system among others.

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