Getac Holdings (TPE:3005) Inventory Turnover : 1.00 (As of Mar. 2024)

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What is Getac Holdings 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. Getac Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$6,052 Mil. Getac Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$6,031 Mil. Getac Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Getac Holdings's Days Inventory for the three months ended in Mar. 2024 was 90.93.

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. Getac Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Getac Holdings Inventory Turnover Historical Data

The historical data trend for Getac Holdings'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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Getac Holdings Inventory Turnover Chart

Getac Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.88

3.79

3.45

3.43

4.02

Getac Holdings 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															0.99	1.11	1.13	1.08	1.00

Getac Holdings Inventory Turnover Calculation

Getac Holdings'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 )
=	25057.128	/ (	(6530.165	+	5942.517)	/	2 )
=	25057.128	/	6236.341
=	4.02

Getac Holdings'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 )
=	6051.531	/ (	(5942.517	+	6118.673)	/	2 )
=	6051.531	/	6030.595
=	1.00

Getac Holdings (TPE:3005) 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.

Getac Holdings'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
	=	6030.595	/	6051.531	*	365 / 4
	=	90.93

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.

Getac Holdings'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 )
	=	6030.595	/	8705.374
	=	0.69

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.

Getac Holdings Inventory Turnover Related Terms

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Getac Holdings (TPE:3005) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 209, Building A, Nangang Road, Section 1, 5th Floor, Taipei, TWN, 11568

Website

https://www.getacgroup.com

Getac Holdings Corp is a manufacturer of rugged notebooks, tablets, and personal computers. Its products can be used in extreme environments such as sandstorms and blizzards and can withstand a wide range of temperatures. Their functionality includes modularity and flexibility of military interfaces and readability in pitch darkness with night vision goggles. The firm offers bespoke hardware solutions to meet specific client requirements as well. The firm has operations in North America, Asia, and Europe. The reportable segments of the company are Electronic parts, Structure parts and Aerospace fastener. Majority of revenue is generated from the electronic parts segment.

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