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Phoenix Pioneer Technology Co (ROCO:6920) Days Inventory : 47.77 (As of Dec. 2023)


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What is Phoenix Pioneer Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Phoenix Pioneer Technology Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$173.8 Mil. Phoenix Pioneer Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$664.1 Mil. Hence, Phoenix Pioneer Technology Co's Days Inventory for the six months ended in Dec. 2023 was 47.77.

The historical rank and industry rank for Phoenix Pioneer Technology Co's Days Inventory or its related term are showing as below:

ROCO:6920' s Days Inventory Range Over the Past 10 Years
Min: 38.02   Med: 43.28   Max: 52.7
Current: 50.51

During the past 5 years, Phoenix Pioneer Technology Co's highest Days Inventory was 52.70. The lowest was 38.02. And the median was 43.28.

ROCO:6920's Days Inventory is ranked better than
82.82% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs ROCO:6920: 50.51

Phoenix Pioneer Technology Co's Days Inventory declined from Dec. 2022 (50.95) to Dec. 2023 (47.77).

Inventory Turnover measures how fast the company turns over its inventory within a year. Phoenix Pioneer Technology Co's Inventory Turnover for the six months ended in Dec. 2023 was 3.82.

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. Phoenix Pioneer Technology Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.41.

Phoenix Pioneer Technology Co Days Inventory Historical Data

The historical data trend for Phoenix Pioneer Technology Co'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.

* Premium members only.

Phoenix Pioneer Technology Co Days Inventory Chart

Phoenix Pioneer Technology Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
38.02 39.97 44.57 43.28 52.70

Phoenix Pioneer Technology Co Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial 53.75 50.16 50.95 51.26 47.77

Competitive Comparison of Phoenix Pioneer Technology Co's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Phoenix Pioneer Technology Co'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.

Phoenix Pioneer Technology Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Phoenix Pioneer Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Phoenix Pioneer Technology Co's Days Inventory falls into.


Phoenix Pioneer Technology Co Days Inventory Calculation

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

Phoenix Pioneer Technology Co'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
=( (170.539 + 189.984) / 2 ) / 1248.375*365
=180.2615 / 1248.375*365
=52.70

Phoenix Pioneer Technology Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (157.702 + 189.984) / 2 ) / 664.108*365 / 2
=173.843 / 664.108*365 / 2
=47.77

* 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.

Phoenix Pioneer Technology Co  (ROCO:6920) 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.

Phoenix Pioneer Technology Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=664.108 / 173.843
=3.82

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.

Phoenix Pioneer Technology Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=173.843 / 424.835
=0.41

* 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.

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.

Phoenix Pioneer Technology Co Days Inventory Related Terms

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

Phoenix Pioneer Technology Co (ROCO:6920) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Phoenix Pioneer Technology Co Ltd (ROCO:6920) » Definitions » Days Inventory
Comparable Companies
TPE:3041 ROCO:5443 ROCO:6953 ROCO:6683 TPE:1437 ROCO:6266 TPE:3055 TPE:6830 ROCO:3551 ROCO:4991 XAMS:ASML AMAT LRCX KLAC TSE:8035 SHSE:601012 XAMS:ASM TSE:6146 SZSE:002371 TSE:6857
Traded in Other Exchanges
N/A
Address
No. 458-17, Xinxing Road, Hukou Township, Hsinchu, TWN, 30353
Website
http://www.ppt.com.tw
Phoenix Pioneer Technology Co Ltd is composite by the elite of semiconductor industry and is an innovative new enterprise which is responsible for manufacturing, marketing, researching and developing IC substrate.

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