Integrated Memory Logic (TPE:3638) Inventory Turnover : 3.00 (As of Jun. 2014)

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What is Integrated Memory Logic 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. Integrated Memory Logic's Cost of Goods Sold for the three months ended in Jun. 2014 was NT$220 Mil. Integrated Memory Logic's Average Total Inventories for the quarter that ended in Jun. 2014 was NT$73 Mil. Integrated Memory Logic's Inventory Turnover for the quarter that ended in Jun. 2014 was 3.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Integrated Memory Logic's Days Inventory for the three months ended in Jun. 2014 was 30.45.

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. Integrated Memory Logic's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 0.16.

Integrated Memory Logic Inventory Turnover Historical Data

The historical data trend for Integrated Memory Logic'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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Integrated Memory Logic Inventory Turnover Chart

Integrated Memory Logic Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

1.84

4.42

7.46

8.72

Integrated Memory Logic Quarterly Data
	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Inventory Turnover	Get a 7-Day Free Trial										2.31	2.32	2.70	2.85	3.00

Integrated Memory Logic Inventory Turnover Calculation

Integrated Memory Logic's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	941.336	/ (	(142.207	+	73.756)	/	2 )
=	941.336	/	107.9815
=	8.72

Integrated Memory Logic's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	219.642	/ (	(78.738	+	67.833)	/	2 )
=	219.642	/	73.2855
=	3.00

Integrated Memory Logic (TPE:3638) 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.

Integrated Memory Logic's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	73.2855	/	219.642	*	365 / 4
	=	30.45

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.

Integrated Memory Logic's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	73.2855	/	457.521
	=	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.

Integrated Memory Logic Inventory Turnover Related Terms

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Integrated Memory Logic (TPE:3638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Integrated Memory Logic Ltd. (TPE:3638) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Website

http://www.iml-inc.com.tw

Integrated Memory Logic Ltd. provides analog, power management, and mixed signal IC solutions for LCD panel applications. It also designs custom chips; and provides packaging and testing outsourcing services.

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