HYE Technology Co (ROCO:6877) Inventory Turnover : 0.41 (As of Sep. 2024)

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What is HYE Technology Co 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. HYE Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$51.0 Mil. HYE Technology Co's Average Total Inventories for the quarter that ended in Sep. 2024 was NT$125.3 Mil. HYE Technology Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HYE Technology Co's Days Inventory for the three months ended in Sep. 2024 was 224.33.

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. HYE Technology Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.26.

HYE Technology Co Inventory Turnover Historical Data

The historical data trend for HYE Technology Co'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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HYE Technology Co Inventory Turnover Chart

HYE Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.50

2.59

3.68

4.75

1.85

HYE Technology Co Quarterly Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial													1.09	0.17	0.24	0.50	0.41

HYE Technology Co Inventory Turnover Calculation

HYE Technology Co'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 )
=	176.939	/ (	(59.309	+	131.75)	/	2 )
=	176.939	/	95.5295
=	1.85

HYE Technology Co'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 )
=	50.976	/ (	(123.222	+	127.416)	/	2 )
=	50.976	/	125.319
=	0.41

HYE Technology Co (ROCO:6877) 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.

HYE Technology Co'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
	=	125.319	/	50.976	*	365 / 4
	=	224.33

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.

HYE Technology Co'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 )
	=	125.319	/	99.817
	=	1.26

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.

HYE Technology Co Inventory Turnover Related Terms

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HYE Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » HYE Technology Co Ltd (ROCO:6877) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Beiling 6th Road, Luzhu District, Kaohsiung, TWN, 821

Website

https://www.hyetech.com.tw

HYE Technology Co Ltd is engaged in the sales and manufacturing of automation equipment for the semiconductor and optoelectronic industries. Its products and services include Automation equipment planning, AOI/AVI Machine Vision Planning, and Semiconductor Quality Inspection.

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