IEH (IEHC) Inventory Turnover : 0.46 (As of Dec. 2023)

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What is IEH 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. IEH's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.48 Mil. IEH's Average Total Inventories for the quarter that ended in Dec. 2023 was $9.76 Mil. IEH's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IEH's Days Inventory for the three months ended in Dec. 2023 was 198.73.

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. IEH's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.91.

IEH Inventory Turnover Historical Data

The historical data trend for IEH'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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IEH Inventory Turnover Chart

IEH Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.44

2.09

2.44

2.03

1.92

IEH Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.46	0.50	0.45	0.41	0.46

IEH Inventory Turnover Calculation

IEH's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	18.396	/ (	(9.728	+	9.446)	/	2 )
=	18.396	/	9.587
=	1.92

IEH's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	4.48	/ (	(9.734	+	9.78)	/	2 )
=	4.48	/	9.757
=	0.46

IEH (OTCPK:IEHC) 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.

IEH's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	9.757	/	4.48	*	365 / 4
	=	198.73

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.

IEH's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	9.757	/	5.108
	=	1.91

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.

IEH Inventory Turnover Related Terms

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IEH (IEHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » IEH Corp (OTCPK:IEHC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

140 58th Street, Suite 8E, Brooklyn, NY, USA, 11220

Website

https://www.iehcorp.com

IEH Corp designs develops and manufactures printed circuit board (PCB) connectors, custom interconnects, and contacts for high-performance applications. With its Hyperboloid technology, It supplies durable, reliable connectors for demanding environments. The company markets to companies in defense, aerospace, space, and industrial applications, in the United States, Canada, Europe, Southeast, and Central Asia, and the Mideast. The company generates the majority of its revenue from United states.

Executives

Subrata Purkayastha	officer: Chief Financial Officer	140 58TH STREET, BUILDING B SUITE 8E, BROOKLYN NY 11220
Gail Offerman	10 percent owner	2984 WYNSUM AVENUE, MERRICK NY 11566
Zeff Capital, Lp	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
2020 David Offerman Trust	10 percent owner	17 MOHAWK TRAIL, WESTFIELD NJ 07090
William H Craig	officer: Chief Financial Officer
Daniel Zeff	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Zeff Holding Company, Llc	10 percent owner	400 S. MCCADDEN PL., LOS ANGELES CA 90020
Michael E Rosenfeld	director	1365 YORK AVENUE, APT. 3A, NEW YORK NY 10021
Dave Offerman	director, officer: Chief Executive Officer	140 58TH STREET, SUITE 8E, BROOKLYN NY 11220
Robert Knoth	officer: CFO, Secretary and Treasurer	140 58TH STREET, BLDG. B, SUITE 8E, IEH CORPORATION, BROOKLYN NY 11220
Gerald E. Chafetz	director	C/O IEH CORP. 140 58TH STREET, BLDG. B, SUITE 8E, BROOKLYN NY 11220
Michael Offerman	director, 10 percent owner, officer: Chairman & President