Cognyte Software (Cognyte Software) Inventory Turnover : 1.07 (As of Jan. 2024)

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What is Cognyte Software 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. Cognyte Software's Cost of Goods Sold for the three months ended in Jan. 2024 was $26.3 Mil. Cognyte Software's Average Total Inventories for the quarter that ended in Jan. 2024 was $24.5 Mil. Cognyte Software's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cognyte Software's Days Inventory for the three months ended in Jan. 2024 was 84.90.

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. Cognyte Software's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.29.

Cognyte Software Inventory Turnover Historical Data

The historical data trend for Cognyte Software'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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Cognyte Software Inventory Turnover Chart

Cognyte Software Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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10.37

9.01

9.16

6.05

3.93

Cognyte Software Quarterly Data
	Jan19	Jul19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial														1.15	0.92	0.92	0.94	1.07

Cognyte Software Inventory Turnover Calculation

Cognyte Software's Inventory Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	98	/ (	(25.263	+	24.584)	/	2 )
=	98	/	24.9235
=	3.93

Cognyte Software's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	26.338	/ (	(24.427	+	24.584)	/	2 )
=	26.338	/	24.5055
=	1.07

Cognyte Software (NAS:CGNT) 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.

Cognyte Software's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	24.5055	/	26.338	*	365 / 4
	=	84.90

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.

Cognyte Software's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	24.5055	/	83.691
	=	0.29

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.

Cognyte Software Inventory Turnover Related Terms

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Cognyte Software (Cognyte Software) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cognyte Software Ltd (NAS:CGNT) » Definitions » Inventory Turnover

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Traded in Other Exchanges

81M:Germany 81M:Germany

Address

33 Maskit, Herzliya, Pituach, ISR, 4673333

Website

https://www.cognyte.com

Cognyte Software Ltd provides security analytics software that empowers governments and enterprises with Actionable Intelligence. The company's solutions accelerate security investigations and connect the dots to successfully identify, neutralize, and prevent national security, personal safety, business continuity, and cyber threats.