Advanced Systems Automation (SGX:WJ9) Inventory Turnover : 4.65 (As of Jun. 2023)

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What is Advanced Systems Automation 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. Advanced Systems Automation's Cost of Goods Sold for the six months ended in Jun. 2023 was S$4.34 Mil. Advanced Systems Automation's Average Total Inventories for the quarter that ended in Jun. 2023 was S$0.93 Mil. Advanced Systems Automation's Inventory Turnover for the quarter that ended in Jun. 2023 was 4.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Systems Automation's Days Inventory for the six months ended in Jun. 2023 was 39.25.

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. Advanced Systems Automation's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.16.

Advanced Systems Automation Inventory Turnover Historical Data

The historical data trend for Advanced Systems Automation'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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Advanced Systems Automation Inventory Turnover Chart

Advanced Systems Automation Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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2.46

-1.40

12.74

16.95

10.33

Advanced Systems Automation Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															11.88	6.40	6.55	4.59	4.65

Advanced Systems Automation Inventory Turnover Calculation

Advanced Systems Automation's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	10.251	/ (	(0.974	+	1.01)	/	2 )
=	10.251	/	0.992
=	10.33

Advanced Systems Automation's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	4.338	/ (	(1.01	+	0.856)	/	2 )
=	4.338	/	0.933
=	4.65

Advanced Systems Automation (SGX:WJ9) 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.

Advanced Systems Automation's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	0.933	/	4.338	*	365 / 2
	=	39.25

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.

Advanced Systems Automation's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	0.933	/	5.825
	=	0.16

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.

Advanced Systems Automation Inventory Turnover Related Terms

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Advanced Systems Automation (SGX:WJ9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advanced Systems Automation Ltd (SGX:WJ9) » Definitions » Inventory Turnover

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Address

33 Ubi Avenue 3, No. 08-69 Vertex, Singapore, SGP, 408868

Website

https://www.asa.com.sg

Advanced Systems Automation Ltd is engaged in manufacturing automated equipment for the encapsulation of semiconductors. It operates through the segment of Equipment Contract Manufacturing Services through which it generates its revenues. Its products and services cover UV Tape curing technologies, Encapsulation, Wafer processing, Strip mounting, and Detaping.

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