According to Uanalyze, Yontone (2397-TW) reported Q3 2026 inventory of NT$4.761 billion on November 12, representing 30% of total assets and up from 21% at end-2025. Raw materials reached NT$2.984 billion, 3.1 times the NT$961 million recorded in Q3 2025, accounting for 63% of total inventory versus 41% a year ago. The company attributed the buildup to operational scale expansion and supply chain delivery preparation.
Inventory turnover days extended to 127 days in Q3 from 104 days year-over-year, reflecting prolonged delivery cycles. Management cited extended lead times for PCB components as a key factor. The order-to-shipment ratio of 1.6x indicates strong forward demand, with the company maintaining a positive outlook for Q4 2026 and H1 2027.