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Cirtek Holdings Philippines (PHS:TCB2A.PFD) Inventory Turnover : 0.18 (As of Mar. 2024)


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What is Cirtek Holdings Philippines 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. Cirtek Holdings Philippines's Cost of Goods Sold for the three months ended in Mar. 2024 was $10.84 Mil. Cirtek Holdings Philippines's Average Total Inventories for the quarter that ended in Mar. 2024 was $58.71 Mil. Cirtek Holdings Philippines's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cirtek Holdings Philippines's Days Inventory for the three months ended in Mar. 2024 was 494.34.

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. Cirtek Holdings Philippines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.85.


Cirtek Holdings Philippines Inventory Turnover Historical Data

The historical data trend for Cirtek Holdings Philippines'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.

* Premium members only.

Cirtek Holdings Philippines Inventory Turnover Chart

Cirtek Holdings Philippines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.75 1.03 0.86 0.99 0.81

Cirtek Holdings Philippines 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.24 0.22 0.12 0.18

Cirtek Holdings Philippines Inventory Turnover Calculation

Cirtek Holdings Philippines'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 )
=51.758 / ((67.635 + 59.438) / 2 )
=51.758 / 63.5365
=0.81

Cirtek Holdings Philippines'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 )
=10.838 / ((59.438 + 57.989) / 2 )
=10.838 / 58.7135
=0.18

* 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.


Cirtek Holdings Philippines  (PHS:TCB2A.PFD) 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.

Cirtek Holdings Philippines'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
=58.7135/10.838*365 / 4
=494.34

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.

Cirtek Holdings Philippines'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 )
=58.7135 / 15.237
=3.85

* 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

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.


Cirtek Holdings Philippines Inventory Turnover Related Terms

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Cirtek Holdings Philippines (PHS:TCB2A.PFD) Business Description

Traded in Other Exchanges
Address
116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024
Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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