Union Semiconductor (Hefei) Co (SHSE:688403) Inventory Turnover : 1.04 (As of Mar. 2024)

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What is Union Semiconductor (Hefei) Co 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. Union Semiconductor (Hefei) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥255 Mil. Union Semiconductor (Hefei) Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥246 Mil. Union Semiconductor (Hefei) Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Union Semiconductor (Hefei) Co's Days Inventory for the three months ended in Mar. 2024 was 87.97.

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. Union Semiconductor (Hefei) Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

Union Semiconductor (Hefei) Co Inventory Turnover Historical Data

The historical data trend for Union Semiconductor (Hefei) Co'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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Union Semiconductor (Hefei) Co Inventory Turnover Chart

Union Semiconductor (Hefei) Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.07

3.75

3.80

3.56

4.11

Union Semiconductor (Hefei) Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											0.95	1.11	1.07	1.06	1.04

Union Semiconductor (Hefei) Co Inventory Turnover Calculation

Union Semiconductor (Hefei) Co'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 )
=	910.776	/ (	(205.688	+	236.998)	/	2 )
=	910.776	/	221.343
=	4.11

Union Semiconductor (Hefei) Co'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 )
=	254.805	/ (	(236.998	+	254.317)	/	2 )
=	254.805	/	245.6575
=	1.04

Union Semiconductor (Hefei) Co (SHSE:688403) 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.

Union Semiconductor (Hefei) Co'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
	=	245.6575	/	254.805	*	365 / 4
	=	87.97

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.

Union Semiconductor (Hefei) Co'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 )
	=	245.6575	/	315.302
	=	0.78

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.

Union Semiconductor (Hefei) Co Inventory Turnover Related Terms

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Union Semiconductor (Hefei) Co (SHSE:688403) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Union Semiconductor (Hefei) Co Ltd (SHSE:688403) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hefei Comprehensive Bonded Zone, Xinzhan District, Anhui Province, Hefei, CHN, 230012

Website

http://www.unionsemicon.com.cn

Union Semiconductor (Hefei) Co Ltd is a high-end advanced packaging and testing service provider for integrated circuits. It focuses on the field of display driver chips. The company's main business is the front-end gold bumping manufacturing as the core and integrates wafer testing, back-end chip-on-glass, and chip-on-film links to form a full range of display driver chips.

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