Advanced Digital Chips (XKRX:054630) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is Advanced Digital Chips 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. Advanced Digital Chips's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩4,481 Mil. Advanced Digital Chips's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩6,204 Mil. Advanced Digital Chips's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Advanced Digital Chips's Days Inventory for the three months ended in Dec. 2023 was 126.36.

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. Advanced Digital Chips's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.85.

Advanced Digital Chips Inventory Turnover Historical Data

The historical data trend for Advanced Digital Chips'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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Advanced Digital Chips Inventory Turnover Chart

Advanced Digital Chips Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.24

3.19

3.57

3.03

2.72

Advanced Digital Chips Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.77	0.56	0.61	0.51	0.72

Advanced Digital Chips Inventory Turnover Calculation

Advanced Digital Chips'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 )
=	15913.191	/ (	(6276.156	+	5419.154)	/	2 )
=	15913.191	/	5847.655
=	2.72

Advanced Digital Chips's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4480.533	/ (	(6989.418	+	5419.154)	/	2 )
=	4480.533	/	6204.286
=	0.72

Advanced Digital Chips (XKRX:054630) 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.

Advanced Digital Chips's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	6204.286	/	4480.533	*	365 / 4
	=	126.36

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.

Advanced Digital Chips's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	6204.286	/	3359.665
	=	1.85

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.

Advanced Digital Chips Inventory Turnover Related Terms

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Advanced Digital Chips (XKRX:054630) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advanced Digital Chips Inc (XKRX:054630) » Definitions » Inventory Turnover

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Address

282, A, 22nd Floor, Geumgang Pentiumium IT Tower, Kangyang-dong, Anyang, KOR

Website

http://www.adc.co.kr

Advanced Digital Chips Inc is a Korean company specialized in developing MCU IPs, and construction of various industrial multimedia chips. The company operates in the business fields of 32bit CPU Core, ASIC design service, SoC MCU and trading business. Its product portfolio includes general and multimedia SoC MCU, system development kit and tools and others.

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