Monolithic Power Systems (Monolithic Power Systems) Inventory Turnover : 0.52 (As of Dec. 2023)

View and export this data going back to 2004. Start your Free Trial

What is Monolithic Power Systems 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. Monolithic Power Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $203 Mil. Monolithic Power Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $390 Mil. Monolithic Power Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Monolithic Power Systems's Days Inventory for the three months ended in Dec. 2023 was 175.63.

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. Monolithic Power Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Monolithic Power Systems Inventory Turnover Historical Data

The historical data trend for Monolithic Power Systems'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.

* Premium members only.

Monolithic Power Systems Inventory Turnover Chart

Monolithic Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.13

2.66

2.51

2.11

1.93

Monolithic Power Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.46	0.44	0.45	0.51	0.52

Monolithic Power Systems Inventory Turnover Calculation

Monolithic Power Systems'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 )
=	799.953	/ (	(447.29	+	383.702)	/	2 )
=	799.953	/	415.496
=	1.93

Monolithic Power Systems'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 )
=	202.889	/ (	(397.288	+	383.702)	/	2 )
=	202.889	/	390.495
=	0.52

Monolithic Power Systems (NAS:MPWR) 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.

Monolithic Power Systems'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
	=	390.495	/	202.889	*	365 / 4
	=	175.63

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.

Monolithic Power Systems'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 )
	=	390.495	/	454.012
	=	0.86

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.

Monolithic Power Systems Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Monolithic Power Systems's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Monolithic Power Systems (Monolithic Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Monolithic Power Systems Inc (NAS:MPWR) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

NQG:Germany

Address

5808 Lake Washington Boulevard NE, Kirkland, WA, USA, 98033

Website

https://www.monolithicpower.com

Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.

Executives

Maurice Sciammas	officer: Sr. V.P.of Sales and Marketing	79 GREAT OAKS BLVD, SAN JOSE CA 95119
Deming Xiao	officer: Vice President of Operations	79 GREAT OAKS BLVD, SAN JOSE CA 95119
Saria Tseng	officer: VP and General Counsel	79 GREAT OAKS BLVD, SAN JOSE CA 95119
Michael Hsing	director, 10 percent owner, officer: President and CEO	79 GREAT OAKS BLVD, SAN JOSE CA 95119
Theodore Blegen	officer: CFO	5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033
James C Moyer	director, 10 percent owner, officer: Chief Design Engineer	79 GREAT OAKS BLVD, SAN JOSE CA 95119
Chang Kuo Wei Herbert	director, 10 percent owner	C/O MARVELL SEMICONDUCTOR, INC., 5488 MARVELL LANE, SANTA CLARA CA 95054
Eileen Wynne	director	MONOLITHIC POWER SYSTEMS, 79 GREAT OAKS BLVD, SAN JOSE CA 95117
Jeff Zhou	director	6409 GUADALUPE MINES ROAD, SAN JOSE CA 95120
Eugen J Elmiger	director	BUEELHADE 3A, SEMPACH STADT V8 6204
Victor K Lee	director	C/O LEADIS TECHNOLOGY, 800 W. CALIFORNIA AVENUE, SUITE 200, SUNNYVALE CA 94086
Carintia Martinez	director	5808 LAKE WASHINGTON BLVD NE, KIRKLAND WA 98033
Meera Rao	officer: VP of Finance, Corp Controller	1050 ENTERPRISE WAY, SUITE 700, SUNNYVALE CA 94089
Douglas M Mcburnie	director	233 S. HILLVIEW DRIVE, MILPITAS CA 95035
Smith- Pilkington Karen A	director	343 STATE STREET, ROCHESTER NY 146500211