Coherent (Coherent) Inventory Turnover : 0.53 (As of Mar. 2022)

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What is Coherent 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. Coherent's Cost of Goods Sold for the three months ended in Mar. 2022 was $216 Mil. Coherent's Average Total Inventories for the quarter that ended in Mar. 2022 was $405 Mil. Coherent's Inventory Turnover for the quarter that ended in Mar. 2022 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Coherent's Days Inventory for the three months ended in Mar. 2022 was 171.55.

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. Coherent's Inventory-to-Revenue for the quarter that ended in Mar. 2022 was 1.10.

Coherent Inventory Turnover Historical Data

The historical data trend for Coherent'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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Coherent Inventory Turnover Chart

Coherent Annual Data

Trend

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Inventory Turnover

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3.10

2.38

2.03

1.88

2.24

Coherent Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.60	0.61	0.55	0.53

Coherent Inventory Turnover Calculation

Coherent's Inventory Turnover for the fiscal year that ended in Sep. 2021 is calculated as

	Inventory Turnover (A: Sep. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2021 )	/ (	(Total Inventories (A: Sep. 2020 )	+	Total Inventories (A: Sep. 2021 ))	/	count )
=	918.628	/ (	(426.756	+	392.241)	/	2 )
=	918.628	/	409.4985
=	2.24

Coherent's Inventory Turnover for the quarter that ended in Mar. 2022 is calculated as

	Inventory Turnover (Q: Mar. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2022 )	/ (	(Total Inventories (Q: Dec. 2021 )	+	Total Inventories (Q: Mar. 2022 ))	/	count )
=	215.67	/ (	(393.629	+	417.275)	/	2 )
=	215.67	/	405.452
=	0.53

Coherent (NAS:COHR) 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.

Coherent's Days Inventory for the three months ended in Mar. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2022 )	/	Cost of Goods Sold (Q: Mar. 2022 )	*	Days in Period
	=	405.452	/	215.67	*	365 / 4
	=	171.55

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.

Coherent's Inventory to Revenue for the quarter that ended in Mar. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2022 )	/	Revenue (Q: Mar. 2022 )
	=	405.452	/	370.204
	=	1.10

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.

Coherent Inventory Turnover Related Terms

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Coherent (Coherent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Coherent Inc (NAS:COHR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5100 Patrick Henry Drive, Santa Clara, CA, USA, 95054

Website

https://www.coherent.com

Coherent Inc supplies photonics-based solutions for commercial and scientific research applications. The firm operates in two segments: OEM Laser Sources and Industrial Lasers & Systems. The OEM Laser Sources segment develops and manufactures products for the microelectronics, scientific research, government, and original equipment manufacturer markets. This business contributes the majority of revenue. The Industrial Lasers & Systems segment makes products for the materials processing, OEM components and instrumentation, and microelectronics markets, with a focus on higher-volume products that are sold in set configurations. The majority of Coherent's revenue is generated outside of the United States.

Executives

Kevin S. Palatnik	officer: Chief Financial Officer	2655 SEELY AVENUE, BLDG. 5, SAN JOSE CA 95134
Jay T Flatley	director	9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Pamela Fletcher	director	C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Beverly Kay Matthews	director	C/O COHERENT, INC., 5100 PATRICK HENRY DRIVE, SANTA CLARA CA 95054
Sandeep Vij	director	C/O XILINX INC, 2100 LOGIC DRIVE, SAN JOSE CA 95124
Michael R. Mcmullen	director	5301 STEVENS CREEK BLVD., MS 1A-LC, SANTA CLARA CA 95051
Stephen A Skaggs	director	5555 NE MOORE CT., HILLSBORO OR 97124
Andreas W Mattes	director, officer: President and CEO	C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Garry W Rogerson	director	3120 HANSEN WAY, PALO ALTO CA 943041030
Mark Stewart Sobey	officer: EVP & Chief Operating Officer
Bret Dimarco	officer: Exec VP & Chief Legal Officer	PO BOX 54980 SANTA CLARA CA 95056-0980
Paul F Sechrist	officer: EVP Worldwide Sales & Services	5100 PATRICK HENRY DR SANTA CLARA CA 95054
John Ambroseo	director, officer: Pres. & CEO
Luis Spinelli	officer: Exec VP, CTO	P O BOX 54980 SANTA CLARA CA 950560980
Susan M. James	director	COHERENT, INC., P. O. BOX 54980, SANTA CLARA CA 95056-0980