Brett Whitmire: I think what we’re saying, Will, is if you look at the mix of that by finish level across this — across time, this has not been something that’s really changed significantly in terms of the dollar investment that we’ve made on the raw material side. That’s something that kind of feeds our factory as well as we outsource. From a work-in-process perspective, that’s something that’s really kind of been adjusted as we see demand. But from a finished goods perspective, we have strategically tried to put availability in place to have a better mix of product. What would — as demand picks up, I would imagine at some point that, that strips away from us. But for some period of time, we’re going to try to maintain that kind of 6 to 8 weeks of finished goods availability on average.
I think that’s not something we have across all the parts. We’re trying to — the portfolio is large and broad, but I think that’s what you see us trying to do. And when I say trying to maintain, I think we’re going to try to hold on to the fact that we believe that having good availability is going to give us a benefit to grow on some of our most premium accounts and premium parts.
William Stein: That’s really helpful. I had a couple of maintenance questions. Normally, I’ve asked about the disti versus direct split, but you provided that in the presentation. I appreciate it. One of the other sort of maintenance questions is the year-over-year change in ASP, which you always have in the 10-Q. Also, I was wondering if perhaps you’d start disclosing what book-to-bill is in the quarter and what backlog is in the quarter. Thank you.
Emily Yang: Yeah. So let me — Will, let me answer the question, right? So, direct and distribution is 39% versus 61%. What we’re usually still using two-third versus one-third as a rough estimate. Some of the quarter changed a little bit here and there. Specifically, you see 61% with distribution for the Q1 also reflected in my discussion earlier that we’re actually seeing the channel inventory value decrease by the end of Q1, right? So, on the weighted ASP change from year-over-year point of view, it actually dropped slightly more than 25%. But there’s definitely a mix change in there as well, right? So when we start seeing auto industrial as an example, from the percentage decrease, that’s actually directly impacting the weighted average price as well, right?
So if we look from the mix independent point of view, we did actually build in 1.5% to 2% per quarter cost degradation. What we’ve seen is actually with the mix independent ASP, change is actually pretty small and definitely within the range, within our estimate, right? And then how do we really balance that, that’s really driving some of the cost down. Manufacturing efficiency that I mentioned earlier, right?
William Stein: Thank you.
Operator: And this concludes our question-and-answer session. I’d like to turn the conference back over to Gary Yu for any closing remarks.
Gary Yu: Thank you, everyone for participating on today’s call. We look forward to reporting our progress on next quarter’s conference call. Operator, you may now disconnect.
Operator: The conference has now concluded. Thank you for attending today’s presentation, and you may now disconnect your lines.
