ION Electronic Materials Co (ROCO:6959) Inventory Turnover : 1.29 (As of Dec. 2024)

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What is ION Electronic Materials 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. ION Electronic Materials Co's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$251.5 Mil. ION Electronic Materials Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$194.5 Mil. ION Electronic Materials Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ION Electronic Materials Co's Days Inventory for the six months ended in Dec. 2024 was 141.14.

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. ION Electronic Materials Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.71.

ION Electronic Materials Co Inventory Turnover Historical Data

The historical data trend for ION Electronic Materials 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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ION Electronic Materials Co Inventory Turnover Chart

ION Electronic Materials Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.39

6.98

4.50

1.35

2.00

ION Electronic Materials Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial				1.87	0.63	0.68	0.97	1.29

ION Electronic Materials Co Inventory Turnover Calculation

ION Electronic Materials Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	459.84	/ (	(250.427	+	210.001)	/	2 )
=	459.84	/	230.214
=	2.00

ION Electronic Materials Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	251.504	/ (	(179.014	+	210.001)	/	2 )
=	251.504	/	194.5075
=	1.29

ION Electronic Materials Co (ROCO:6959) 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.

ION Electronic Materials Co's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	194.5075	/	251.504	*	365 / 2
	=	141.14

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.

ION Electronic Materials Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	194.5075	/	273.929
	=	0.71

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.

ION Electronic Materials Co Inventory Turnover Related Terms

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ION Electronic Materials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ION Electronic Materials Co Ltd (ROCO:6959) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

No. 195, Xiangxi Road, Hukou Township, Hsinchu, TWN, 303103

Website

https://www.iemc.co/tw

ION Electronic Materials Co Ltd focuses on special materials for the electronics industry and provides local services, With development capabilities and multi-national patents, it looks forward to contributing to Taiwan's technology industry. Its main products are advanced semiconductor materials. It has negative pressure steel cylinder production technology and localized production advantages. It has passed ISO 9001 certification and is a supplier partner of major semiconductor factories.

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