Etrend Hightech (ROCO:3567) Days Inventory : 0.00 (As of Mar. 2024)

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What is Etrend Hightech Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Etrend Hightech's Average Total Inventories for the three months ended in Mar. 2024 was NT$0.0 Mil. Etrend Hightech's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$51.4 Mil. Hence, Etrend Hightech's Days Inventory for the three months ended in Mar. 2024 was 0.00.

The historical rank and industry rank for Etrend Hightech's Days Inventory or its related term are showing as below:

ROCO:3567's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 130.1
* Ranked among companies with meaningful Days Inventory only.

Etrend Hightech's Days Inventory stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Etrend Hightech's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Etrend Hightech Days Inventory Historical Data

The historical data trend for Etrend Hightech's Days Inventory 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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Etrend Hightech Days Inventory Chart

Etrend Hightech Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Etrend Hightech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Etrend Hightech's Days Inventory

For the Semiconductors subindustry, Etrend Hightech's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Etrend Hightech's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Etrend Hightech's Days Inventory distribution charts can be found below:

* The bar in red indicates where Etrend Hightech's Days Inventory falls into.

Etrend Hightech Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Etrend Hightech's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	224.256	*	365
=	0					/	224.256	*	365
=	0.00

Etrend Hightech's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	51.438	*	365 / 4
=	0					/	51.438	*	365 / 4
=	0.00

Etrend Hightech (ROCO:3567) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Etrend Hightech's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51.438	/	0
	=

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.

Etrend Hightech's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	75.515
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Etrend Hightech Days Inventory Related Terms

Thank you for viewing the detailed overview of Etrend Hightech's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Etrend Hightech (ROCO:3567) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Etrend Hightech Corp (ROCO:3567) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Floor,1 No.35 Hsin-Tai Road, Chu-pei, Hsin-chu, TWN, 302

Website

http://www.etrendtech.tw

Etrend Hightech Corp provides analog and mixed-signal integrated circuits testing services. Its services include test program development, probe card/load board/DUT board design, kit design, test process flow design and test production.

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