Converge Information And Communications Technology Solutions (PHS:CNVRG) Inventory Turnover : 1.75 (As of Mar. 2024)

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What is Converge Information And Communications Technology Solutions 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. Converge Information And Communications Technology Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was ₱3,331 Mil. Converge Information And Communications Technology Solutions's Average Total Inventories for the quarter that ended in Mar. 2024 was ₱1,907 Mil. Converge Information And Communications Technology Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.75.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Converge Information And Communications Technology Solutions's Days Inventory for the three months ended in Mar. 2024 was 52.25.

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. Converge Information And Communications Technology Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Converge Information And Communications Technology Solutions Inventory Turnover Historical Data

The historical data trend for Converge Information And Communications Technology Solutions'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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Converge Information And Communications Technology Solutions Inventory Turnover Chart

Converge Information And Communications Technology Solutions Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.19

4.72

3.81

3.41

3.97

Converge Information And Communications Technology Solutions Quarterly Data
	Dec18	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														0.62	0.58	0.92	1.86	1.75

Converge Information And Communications Technology Solutions Inventory Turnover Calculation

Converge Information And Communications Technology Solutions'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 )
=	12710.404	/ (	(4385.142	+	2024.307)	/	2 )
=	12710.404	/	3204.7245
=	3.97

Converge Information And Communications Technology Solutions'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 )
=	3330.785	/ (	(2024.307	+	1789.874)	/	2 )
=	3330.785	/	1907.0905
=	1.75

Converge Information And Communications Technology Solutions (PHS:CNVRG) 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.

Converge Information And Communications Technology Solutions'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
	=	1907.0905	/	3330.785	*	365 / 4
	=	52.25

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.

Converge Information And Communications Technology Solutions'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 )
	=	1907.0905	/	9539.571
	=	0.20

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.

Converge Information And Communications Technology Solutions Inventory Turnover Related Terms

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Converge Information And Communications Technology Solutions (PHS:CNVRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Converge Information And Communications Technology Solutions Inc (PHS:CNVRG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Mc Arthur Highway, New Street Building, Balibago, Angeles, PAM, PHL, 2009

Website

https://www.convergeict.com

Converge Information And Communications Technology Solutions Inc are engaged in the business of providing Information and communication services and solutions. It provides high-speed fiber optic internet services and other digital consumer-centric services. It operates in two businesses namely Residential Business and Enterprise Business, and it generates maximum revenue from Residential Business.

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