Skytech (TPE:6937) Inventory Turnover : 0.47 (As of Dec. 2024)

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What is Skytech 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. Skytech's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$582 Mil. Skytech's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$1,233 Mil. Skytech's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Skytech's Days Inventory for the three months ended in Dec. 2024 was 193.49.

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. Skytech's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.21.

Skytech Inventory Turnover Historical Data

The historical data trend for Skytech'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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Skytech Inventory Turnover Chart

Skytech Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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0.80

1.32

1.14

1.04

1.30

Skytech Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial									0.30	0.24	0.22	0.24	0.47

Skytech Inventory Turnover Calculation

Skytech's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	1450.066	/ (	(1143.568	+	1095.17)	/	2 )
=	1450.066	/	1119.369
=	1.30

Skytech's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	581.598	/ (	(1371.295	+	1095.17)	/	2 )
=	581.598	/	1233.2325
=	0.47

Skytech (TPE:6937) 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.

Skytech's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	1233.2325	/	581.598	*	365 / 4
	=	193.49

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.

Skytech's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	1233.2325	/	1018.679
	=	1.21

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.

Skytech Inventory Turnover Related Terms

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Skytech Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Skytech Inc (TPE:6937) » Definitions » Inventory Turnover

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Address

No.1, Jiazheng 1st Street, 6th Floor, Hsinchu County, Zhubei, TWN, 30272

Website

http://www.skytech.com.tw

Skytech Inc is engaged in the research development, manufacturing, maintenance and sales of semiconductor equipment and related spare parts Geographically, it operates in Taiwan, Mainland China, Singapore and Others. It derives maximum revenue from Mainland China.

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