Alpha and Omega Semiconductor Ltd (AOSL)
Inventory turnover
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 535,157,964 | 519,823 | 504,870 | 493,009 | 485,356 | 482,441 | 469,710 | 484,145 | 491,785 | 505,578 | 534,641 | 523,876 | 508,996 | 494,988 | 480,672 | 465,799 | 452,359 | 429,091 | 396,963 | 380,336 |
| Inventory | US$ in thousands | 189,677,000 | 188,126 | 183,733 | 184,968 | 197,051 | 198,213 | 191,709 | 187,751 | 183,247 | 179,783 | 163,823 | 164,946 | 158,040 | 143,538 | 129,084 | 163,437 | 154,293 | 145,110 | 144,307 | 137,700 |
| Inventory turnover | 2.82 | 2.76 | 2.75 | 2.67 | 2.46 | 2.43 | 2.45 | 2.58 | 2.68 | 2.81 | 3.26 | 3.18 | 3.22 | 3.45 | 3.72 | 2.85 | 2.93 | 2.96 | 2.75 | 2.76 |
June 30, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $535,157,964K ÷ $189,677,000K
= 2.82
The inventory turnover ratio for Alpha and Omega Semiconductor Ltd demonstrates certain variations over the analyzed period from September 30, 2020, to June 30, 2025. Initially, in September 2020, the ratio stood at approximately 2.76, indicating that inventories were being sold and replaced roughly 2.76 times during that period. Throughout 2021, the ratio experienced a slight upward trend, reaching a peak of around 3.72 by December 2021, suggesting improved inventory efficiency and a faster turnover rate.
In 2022, the ratio moderated somewhat, declining from 3.45 in March to 3.22 in June and further down to 3.18 by September. This slight decline continued into late 2022, with the ratio reaching approximately 3.26 in December. During this period, the inventory turnover remained relatively stable, indicating consistent management of inventory levels.
Moving into 2023, the ratio declined more notably, with values dropping to 2.81 in March and further down to 2.68 by June. The downward trend persisted into late 2023, with the ratio reaching around 2.58 at the end of September and approximately 2.45 in December—reflecting a decrease in the frequency of inventory turnover and potentially indicating increased inventory holdings or slower sales.
The subsequent measurements through the first half of 2024 show a slight recovery, with the ratio rising to about 2.43 in March, marginally improving to approximately 2.46 in June, and then increasing to around 2.67 by September. This suggests some improvement in inventory management or sales activity.
Finally, the ratios in the latter part of 2024 and into mid-2025 indicate stabilization, with values around 2.75, 2.76, and reaching approximately 2.82 in June 2025. Overall, the trend illustrates periods of both acceleration and deceleration in inventory turnover, with a noticeable decline beginning in 2022 that shows signs of gradual recovery by mid-2025. This pattern may reflect shifts in inventory management strategies, demand fluctuations, or market dynamics affecting sales efficiency.
Peer comparison
Jun 30, 2025
Jun 30, 2025