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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. Inseego's Cost of Goods Sold for the three months ended in Mar. 2024 was $27.6 Mil. Inseego's Average Total Inventories for the quarter that ended in Mar. 2024 was $21.8 Mil. Inseego's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inseego's Days Inventory for the three months ended in Mar. 2024 was 72.16.
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. Inseego's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.
The historical data trend for Inseego'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.
Inseego Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 6.01 | 7.53 | 5.23 | 4.73 | 4.71 |
Inseego 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 | 0.90 | 1.07 | 1.78 | 1.31 | 1.26 |
Inseego'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 ) |
= | 143.234 | / ( | (37.976 | + | 22.88) | / | 2 ) |
= | 143.234 | / | 30.428 | ||||
= | 4.71 |
Inseego'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 ) |
= | 27.617 | / ( | (22.88 | + | 20.797) | / | 2 ) |
= | 27.617 | / | 21.8385 | ||||
= | 1.26 |
* 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.
Inseego (NAS:INSG) 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.
Inseego'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 |
= | 21.8385 | / | 27.617 | * | 365 / 4 | |
= | 72.16 |
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.
Inseego'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 ) |
= | 21.8385 | / | 45.009 | |
= | 0.49 |
* 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.
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.
Thank you for viewing the detailed overview of Inseego's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Tavistock Financial, Llc | 10 percent owner | 9350 CONROY WINDERMERE ROAD, WINDERMERE FL 34786 |
Joseph Lewis | 10 percent owner | PO BOX N7776, LYFORD BAHAMAS |
Philip G Brace | director | LSI LOGIC CORP, 1621 BARBER LANE, MILPITAS CA 95035 |
Steven Gatoff | officer: Chief Financial Officer | C/O INSEEGO CORP, 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Dan Mondor | officer: President and CEO | 4375 RIVER GREEN PARKWAY, SUITE 100, DULUTH GA 30096 |
Ashish Sharma | officer: President IoT & Mobile | 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Christopher H. Lytle | director | 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Robert G Barbieri | officer: Chief Financial Officer | 380 ST. PETER STREET, ST. PAUL MN 55102 |
Stephanie Lynne Bowers | director | 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Doug Kahn | officer: EVP of Operations | 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Wei Ding | officer: VP Accounting, Controller | 9710 SCRANTON ROAD, SUITE 200, SAN DIEGO CA 92121 |
Craig L Foster | officer: Chief Financial Officer | 2580 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Braslyn Ltd. | 10 percent owner | CAY HOUSE, EP TAYLOR DRIVE N7776, LYFORD CAY, NEW PROVIDENCE C5 00000 |
Brian Miller | director, 10 percent owner | 115 EAST PUTNAM AVENUE, GREENWICH CT 06830 |
Stephen M Smith | officer: Chief Financial Officer |
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