iCatch Technology (TPE:6695) Inventory Turnover : 0.41 (As of Mar. 2024)

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What is iCatch 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. iCatch Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$126 Mil. iCatch Technology's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$309 Mil. iCatch Technology's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iCatch Technology's Days Inventory for the three months ended in Mar. 2024 was 223.28.

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. iCatch Technology's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.43.

iCatch Technology Inventory Turnover Historical Data

The historical data trend for iCatch 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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iCatch Technology Inventory Turnover Chart

iCatch Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.86

2.76

1.57

0.92

1.30

iCatch Technology Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.23	0.32	0.42	0.44	0.41

iCatch Technology Inventory Turnover Calculation

iCatch 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 )
=	645.285	/ (	(665.407	+	330.452)	/	2 )
=	645.285	/	497.9295
=	1.30

iCatch 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 )
=	126.15	/ (	(330.452	+	286.895)	/	2 )
=	126.15	/	308.6735
=	0.41

iCatch Technology (TPE:6695) 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.

iCatch 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
	=	308.6735	/	126.15	*	365 / 4
	=	223.28

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.

iCatch 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 )
	=	308.6735	/	215.13
	=	1.43

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.

iCatch Technology Inventory Turnover Related Terms

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iCatch Technology (TPE:6695) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » iCatch Technology Inc (TPE:6695) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19-1, Innovation 1st Road, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.icatchtek.com

iCatch Technology Inc is mainly engaged in the research and development, design, manufacture, and sales of IC products for digital imaging, automotive imaging, home security, and surveillance image processing related products.

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