Advantech Co (TPE:2395) Inventory Turnover : 0.94 (As of Dec. 2024)

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What is Advantech 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. Advantech Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$9,590 Mil. Advantech Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$10,233 Mil. Advantech Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advantech Co's Days Inventory for the three months ended in Dec. 2024 was 97.36.

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. Advantech Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.63.

Advantech Co Inventory Turnover Historical Data

The historical data trend for Advantech 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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Advantech Co Inventory Turnover Chart

Advantech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.94

3.59

3.21

3.23

3.48

Advantech Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.86	0.86	0.92	0.92	0.94

Advantech Co Inventory Turnover Calculation

Advantech 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 )
=	35410.406	/ (	(9803.796	+	10553.719)	/	2 )
=	35410.406	/	10178.7575
=	3.48

Advantech 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: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	9590.094	/ (	(9911.665	+	10553.719)	/	2 )
=	9590.094	/	10232.692
=	0.94

Advantech Co (TPE:2395) 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.

Advantech Co's Days Inventory for the three 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
	=	10232.692	/	9590.094	*	365 / 4
	=	97.36

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.

Advantech 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 )
	=	10232.692	/	16313.759
	=	0.63

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.

Advantech Co Inventory Turnover Related Terms

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Advantech Co Business Description

Industry

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Address

No. 1, Alley 20, Lane 26, Rueiguang Road, Neihu District, Taipei, TWN, 114

Website

https://www.advantech.com

Founded in 1981, Advantech is the world's largest industrial PC, or IPC, supplier, offering single-board computers, fanless IPCs, digital posts and more. The company has six segments with the largest ones being industrial internet of things, embedded IoT, cloud and video, and applied computing. Leveraging its presence in 28 countries, Advantech is expanding into Internet of Things verticals like smart retail, medical, transportation, industrial automation and energy by investing in Internet of Things solution partners and its proprietary WISE-PaaS platform. The headquarters is in Taipei, Taiwan. The company maintains most manufacturing facilities in Taiwan and Kunshan, China; and has 14 service centers globally. Advantech employs nearly 9,000 people.

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