CPS Technologies (CPS Technologies) Inventory Turnover : 1.09 (As of Mar. 2024)

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What is CPS Technologies 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. CPS Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $5.01 Mil. CPS Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was $4.60 Mil. CPS Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CPS Technologies's Days Inventory for the three months ended in Mar. 2024 was 83.77.

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. CPS Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.78.

CPS Technologies Inventory Turnover Historical Data

The historical data trend for CPS Technologies'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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CPS Technologies Inventory Turnover Chart

CPS Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.02

4.91

4.63

4.39

4.38

CPS Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.01	1.10	1.05	1.19	1.09

CPS Technologies Inventory Turnover Calculation

CPS Technologies's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	20.726	/ (	(4.876	+	4.582)	/	2 )
=	20.726	/	4.729
=	4.38

CPS Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	5.007	/ (	(4.582	+	4.611)	/	2 )
=	5.007	/	4.5965
=	1.09

CPS Technologies (NAS:CPSH) 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.

CPS Technologies's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4.5965	/	5.007	*	365 / 4
	=	83.77

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.

CPS Technologies's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.5965	/	5.913
	=	0.78

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.

CPS Technologies Inventory Turnover Related Terms

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CPS Technologies (CPS Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPS Technologies Corp (NAS:CPSH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 South Worcester Street, Norton, MA, USA, 02766-2102

Website

https://www.cpstechnologysolutions.com

CPS Technologies Corp provides material solutions to the transportation, automotive, energy, computing/Internet, telecommunications, aerospace, defense, and oil and gas end markets. Its primary material solution is metal matrix composites (MMCs), which are a class of materials consisting of a combination of metal and ceramic. The company designs, manufactures and sells custom MMC components, which manages the performance and reliability of systems in the end markets. It also provides baseplates and housings used in radar, satellite and avionics applications. The company provides lids and heat spreaders used with integrated circuits in Internet switches and routers.

Executives

Brian T Mackey	officer: CEO	792 WEST STREET, C108, MANSFIELD MA 02048
Ralph M Norwood	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Peregrine Financial Corp	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Trust Company, Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Peregrine Holdings Llc	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Phoenix Venture Partners, Inc.	10 percent owner	222 ROSEWOOD DRIVE, SUITE 530, DANVERS MA 01923
Ard Master Lp	10 percent owner
Grant C Bennett	director, 10 percent owner, officer: President & CEO
Griffith Charles Kellogg Jr	officer: Chief Financial Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Daniel C Snow	director	5 LODGE RD., BELMONT MA 02478
Thomas M Culligan	director	3000 TAFT STREET, HOLLYWOOD FL 33021
Michael E Mccormack	officer: Chief Operating Officer	111 SOUTH WORCESTER STREET, NORTON MA 02766
Thomas E Breen	officer: SVP, Sales & Marketing	111 SOUTH WORCESTER STREET, NORTON MA 02766
Richard W Adams	officer: Senior Vice-President & CTO	111 S. WORCESTER ST., NORTON MA 02766
Charles Darosa	officer: Vice-President, Operations	111 S. WORCESTER STREET, NORTON MA 02766