AcBel Polytech (TPE:6282) Inventory Turnover : 0.75 (As of Mar. 2024)

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What is AcBel Polytech 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. AcBel Polytech's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$5,500 Mil. AcBel Polytech's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$7,294 Mil. AcBel Polytech's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AcBel Polytech's Days Inventory for the three months ended in Mar. 2024 was 121.01.

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. AcBel Polytech's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.02.

AcBel Polytech Inventory Turnover Historical Data

The historical data trend for AcBel Polytech'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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AcBel Polytech Inventory Turnover Chart

AcBel Polytech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.28

4.89

4.33

3.63

3.29

AcBel Polytech 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															0.72	0.75	1.17	0.82	0.75

AcBel Polytech Inventory Turnover Calculation

AcBel Polytech'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 )
=	21830.406	/ (	(5896.216	+	7370.987)	/	2 )
=	21830.406	/	6633.6015
=	3.29

AcBel Polytech'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 )
=	5499.666	/ (	(7370.987	+	7216.102)	/	2 )
=	5499.666	/	7293.5445
=	0.75

AcBel Polytech (TPE:6282) 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.

AcBel Polytech'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
	=	7293.5445	/	5499.666	*	365 / 4
	=	121.01

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.

AcBel Polytech'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 )
	=	7293.5445	/	7184.901
	=	1.02

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.

AcBel Polytech Inventory Turnover Related Terms

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AcBel Polytech (TPE:6282) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » AcBel Polytech Inc (TPE:6282) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 159, Sec. 3, Danjin Road, Tanshui District, New Taipei City, Taipei, TWN, 251

Website

https://www.acbel.com

AcBel Polytech Inc is a Taiwanese technological company that develops, manufactures, and sells power-management solutions globally. The company offers a wide range of custom-designed power supplies, ranging from 3W up to 10,000W per power module, to meet clients' needs in industries like information technology, communication, consumer electronics, networks, and industrial automation. The company has sales offices in China, Japan, the U.S., and the U.K. Its manufacturing units are in Taiwan, China, and the Philippines.

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