Yageo Reported 2020 October Consolidated Sales of NT$ 7,201 Million
2020/11/06Yageo Corporation announced today its 2020 October consolidated sales of NT$ 7,201 million, down 6.0% m-o-m but up 123.4% y-o-y, respectively. The YTD consolidated sales reached NT$ 52,656 million, up 52.6% y-o-y.
Monthly revenue was lower than previous month, mainly affected by fewer working days in October by one-fourth due to Chinese national holidays. Although the global COVID-19 pandemic has not eased and the uncertainty of international trade dispute remains high, the company has gradually increased and maintained higher capacity utilization rate for both MLCCs and chip resistors, while running full-capacity for Tantalum capacitors, to meet the steadily increasing market demands, but consequently has difficulty to significantly increase the finished goods inventory level. The inventory turnover days is still expected to stay below 60 days.
Moving forward, Yageo will continue to enhance its strategic partnership with major clients in various industries for key electronic components, not only to expand its market share and business scale but also to fulfill the multiple demand increase for customized high-end specialty products from future technologies. This will eventually maximize the company's value in high-end automotive, industrial, medical, aerospace, and 5G/IoT segments, and to deliver stable revenue and profitability growth in the future.