Ichia Technologies (TPE:2402) Inventory Turnover : 1.59 (As of Mar. 2024)

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What is Ichia Technologies 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. Ichia Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,724 Mil. Ichia Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,087 Mil. Ichia Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ichia Technologies's Days Inventory for the three months ended in Mar. 2024 was 57.51.

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. Ichia Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.54.

Ichia Technologies Inventory Turnover Historical Data

The historical data trend for Ichia Technologies'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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Ichia Technologies Inventory Turnover Chart

Ichia Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.91

5.83

5.66

5.47

5.91

Ichia Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.34	1.55	1.84	1.68	1.59

Ichia Technologies Inventory Turnover Calculation

Ichia Technologies'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 )
=	7287.462	/ (	(1370.109	+	1096.733)	/	2 )
=	7287.462	/	1233.421
=	5.91

Ichia Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1724.424	/ (	(1096.733	+	1076.811)	/	2 )
=	1724.424	/	1086.772
=	1.59

Ichia Technologies (TPE:2402) 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.

Ichia Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1086.772	/	1724.424	*	365 / 4
	=	57.51

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.

Ichia Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1086.772	/	1999.44
	=	0.54

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.

Ichia Technologies Inventory Turnover Related Terms

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Ichia Technologies (TPE:2402) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ichia Technologies Inc (TPE:2402) » Definitions » Inventory Turnover

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N/A

Address

No. 268 Hwa-Ya 2nd Road, Hwa-Ya Technology Park, Gueishan District, Taoyuan, TWN

Website

http://www.ichia.com

Ichia Technologies Inc manufactures and sells a range of components for electronics, appliances, and other industries, including silicone elastomers, plastic keys, keyboard assemblies, input devices, and flexible printed circuit boards. The company also import and export products and provide agency, distribution, tender, and quotation services.

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