Akoustis Technologies (FRA:AVH) Inventory Turnover : 1.36 (As of Mar. 2024)

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What is Akoustis Technologies 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. Akoustis Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was €6.59 Mil. Akoustis Technologies's Average Total Inventories for the quarter that ended in Mar. 2024 was €4.86 Mil. Akoustis Technologies's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Akoustis Technologies's Days Inventory for the three months ended in Mar. 2024 was 67.29.

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. Akoustis Technologies's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Akoustis Technologies Inventory Turnover Historical Data

The historical data trend for Akoustis Technologies'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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Akoustis Technologies Inventory Turnover Chart

Akoustis Technologies Annual Data

Trend

Jul14

Jun15

Mar16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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13.47

21.02

13.87

7.33

5.15

Akoustis Technologies 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															1.26	1.32	1.19	1.07	1.36

Akoustis Technologies Inventory Turnover Calculation

Akoustis Technologies's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	27.909	/ (	(3.873	+	6.967)	/	2 )
=	27.909	/	5.42
=	5.15

Akoustis Technologies'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 )
=	6.588	/ (	(5.021	+	4.696)	/	2 )
=	6.588	/	4.8585
=	1.36

Akoustis Technologies (FRA:AVH) 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.

Akoustis Technologies'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
	=	4.8585	/	6.588	*	365 / 4
	=	67.29

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.

Akoustis Technologies'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 )
	=	4.8585	/	6.909
	=	0.70

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.

Akoustis Technologies Inventory Turnover Related Terms

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Akoustis Technologies (FRA:AVH) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Akoustis Technologies Inc (FRA:AVH) » Definitions » Inventory Turnover

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AKTS:USA AVH:Germany

Address

9805 Northcross Center Court, Suite A, Huntersville, NC, USA, 28078

Website

https://www.akoustis.com

Akoustis Technologies Inc is an emerging commercial product company focused on developing, designing, and manufacturing innovative RF filter solutions for the wireless industry, including for products such as smartphones and tablets, network infrastructure equipment, WiFi Customer Premise Equipment and defense applications. The company has developed a proprietary microelectromechanical system based bulk acoustic wave technology and a unique manufacturing process flow, called XBAW, for filters produced for use in RFFE modules. The company derives revenue from the sale of filter products under individual customer purchase orders, some of which have underlying master sales agreements that specify terms governing the product sales.

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