Waffer Technology (TPE:6235) Inventory Turnover : 1.19 (As of Mar. 2024)

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What is Waffer Technology 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. Waffer Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,147 Mil. Waffer Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$966 Mil. Waffer Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Waffer Technology's Days Inventory for the three months ended in Mar. 2024 was 76.86.

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. Waffer Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

Waffer Technology Inventory Turnover Historical Data

The historical data trend for Waffer Technology'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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Waffer Technology Inventory Turnover Chart

Waffer Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.26

4.56

3.94

4.11

4.57

Waffer Technology 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															1.18	1.19	1.13	1.17	1.19

Waffer Technology Inventory Turnover Calculation

Waffer Technology'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 )
=	3976.441	/ (	(801.401	+	939.225)	/	2 )
=	3976.441	/	870.313
=	4.57

Waffer Technology'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 )
=	1146.979	/ (	(939.225	+	992.978)	/	2 )
=	1146.979	/	966.1015
=	1.19

Waffer Technology (TPE:6235) 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.

Waffer Technology'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
	=	966.1015	/	1146.979	*	365 / 4
	=	76.86

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.

Waffer Technology'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 )
	=	966.1015	/	1555.987
	=	0.62

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.

Waffer Technology Inventory Turnover Related Terms

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Waffer Technology (TPE:6235) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Waffer Technology Corp (TPE:6235) » Definitions » Inventory Turnover

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Address

No.200 Wenhua 2nd Rd, Guishan Township, Taoyuan, TWN, 33377

Website

https://www.waffer.biz

Waffer Technology Corp is a Taiwan-based company, that engages in the manufacture and sale of magnesium alloy and aluminum alloy die-casting components and products. It is engaged in the provision of a light-metal solution of magnesium and aluminum alloy, mold and tooling research and development, magnesium alloy injection, magnesium die-casting, CNC, and painting and assembly of vertical integration OEM/ODM processing. It serves its services to medical, industrial, telecommunications, construction, automotive, sporting goods, aeronautical, transportation, national defense, and other industries.

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