FINE SEMITECH (XKRX:036810) Inventory Turnover : 0.81 (As of Mar. 2024)

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What is FINE SEMITECH 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. FINE SEMITECH's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩35,459 Mil. FINE SEMITECH's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩44,019 Mil. FINE SEMITECH's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FINE SEMITECH's Days Inventory for the three months ended in Mar. 2024 was 113.28.

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. FINE SEMITECH's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.89.

FINE SEMITECH Inventory Turnover Historical Data

The historical data trend for FINE SEMITECH'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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FINE SEMITECH Inventory Turnover Chart

FINE SEMITECH Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.33

4.45

4.32

3.74

3.33

FINE SEMITECH 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															0.71	0.79	0.84	0.81	0.81

FINE SEMITECH Inventory Turnover Calculation

FINE SEMITECH'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 )
=	131317.599	/ (	(39588.287	+	39230.837)	/	2 )
=	131317.599	/	39409.562
=	3.33

FINE SEMITECH'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 )
=	35459.318	/ (	(39230.837	+	48807.194)	/	2 )
=	35459.318	/	44019.0155
=	0.81

FINE SEMITECH (XKRX:036810) 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.

FINE SEMITECH'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
	=	44019.0155	/	35459.318	*	365 / 4
	=	113.28

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.

FINE SEMITECH'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 )
	=	44019.0155	/	49614.049
	=	0.89

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.

FINE SEMITECH Inventory Turnover Related Terms

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FINE SEMITECH (XKRX:036810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » FINE SEMITECH Corp (XKRX:036810) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Block 9-9, Industrial Complex, Banggyo-ri, Dongtan Myoun, Hwaseong, Gyeonggi, KOR, 445810

Website

http://www.fstc.co.kr

FINE SEMITECH Corp is a South Korean company operating in semiconductor industry. The company is engaged in manufacturing of pellicles, devices for temperature and humidity control, and different types of sensors.

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