What is Richardson Electronics Inventory-to-Revenue?
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. Richardson Electronics's Average Total Inventories for the quarter that ended in Feb. 2024 was $114.8 Mil. Richardson Electronics's Revenue for the
three
months ended in Feb. 2024 was $52.4 Mil.
Richardson Electronics's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 2.19.
Richardson Electronics's Inventory-to-Revenue for the quarter that ended in Feb. 2024
declined
from Nov. 2023 (2.61) to Nov. 2023 (2.19)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Richardson Electronics's Days Inventory for the
three
months ended in Feb. 2024 was 283.57.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Richardson Electronics's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.32.
Richardson Electronics Inventory-to-Revenue Historical Data
The historical data trend for Richardson Electronics's Inventory-to-Revenue 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.
Competitive Comparison of Richardson Electronics's Inventory-to-Revenue
For the Electronic Components subindustry, Richardson Electronics's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Richardson Electronics's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Richardson Electronics's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Richardson Electronics's Inventory-to-Revenue falls into.
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.
Richardson Electronics's Inventory-to-Revenue for the fiscal year that ended in May. 2023 is calculated as
* 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Richardson Electronics's Days Inventory for the
three
months ended in Feb. 2024 is calculated as:
* 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.
Richardson Electronics Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Richardson Electronics's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Richardson Electronics (Richardson Electronics) Business Description
Richardson Electronics Ltd provides engineered solutions, power grid, and microwave tubes and related consumables, power conversion, RF and microwave components, high-value flat panel detector solutions, replacement parts, tubes, and service training for diagnostic imaging equipment and customized display solutions. Its products have applications in alternative energy, healthcare, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets. The company segments include PMT (Power and Microwave Technologies Group), Canvys, (Green Energy Solutions) GES, and Healthcare reportable segments. The company derives the majority of its revenues from the PMT segment.
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