Alchip Technologies (TPE:3661) Inventory Turnover : 0.67 (As of Mar. 2024)

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What is Alchip 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. Alchip Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8,519 Mil. Alchip Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$12,639 Mil. Alchip Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Alchip Technologies's Days Inventory for the three months ended in Mar. 2024 was 135.38.

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. Alchip Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.20.

Alchip Technologies Inventory Turnover Historical Data

The historical data trend for Alchip 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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Alchip Technologies Inventory Turnover Chart

Alchip Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.31

6.24

6.85

1.83

2.28

Alchip 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															0.53	0.80	0.62	0.62	0.67

Alchip Technologies Inventory Turnover Calculation

Alchip 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 )
=	23687.225	/ (	(9124.556	+	11613.997)	/	2 )
=	23687.225	/	10369.2765
=	2.28

Alchip 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 )
=	8518.981	/ (	(11613.997	+	13664.686)	/	2 )
=	8518.981	/	12639.3415
=	0.67

Alchip Technologies (TPE:3661) 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.

Alchip 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
	=	12639.3415	/	8518.981	*	365 / 4
	=	135.38

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.

Alchip 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 )
	=	12639.3415	/	10489.988
	=	1.20

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.

Alchip Technologies Inventory Turnover Related Terms

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Alchip Technologies (TPE:3661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Alchip Technologies Ltd (TPE:3661) » Definitions » Inventory Turnover

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N/A

Address

Wenhu Street, No.12, 9th floor, Neihu District, Taipei, TWN, 11445

Website

https://www.alchip.com

Alchip Technologies Ltd is engaged in the research and development, design, and manufacture of fabless application-specific integrated circuits (ASIC) and system on a chip (SoC) and the rendering of related services. Its geographical segments are China, Japan, the United States, Europe, Taiwan, and Others, of which majority of its revenue comes from the United States.

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