MKS Instruments (STU:MKT) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is MKS Instruments 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. MKS Instruments's Cost of Goods Sold for the three months ended in Mar. 2024 was €417 Mil. MKS Instruments's Average Total Inventories for the quarter that ended in Mar. 2024 was €901 Mil. MKS Instruments's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MKS Instruments's Days Inventory for the three months ended in Mar. 2024 was 197.28.

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. MKS Instruments's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.13.

MKS Instruments Inventory Turnover Historical Data

The historical data trend for MKS Instruments'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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MKS Instruments Inventory Turnover Chart

MKS Instruments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.55

2.54

3.01

2.64

1.98

MKS Instruments 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															0.45	0.51	0.50	0.48	0.46

MKS Instruments Inventory Turnover Calculation

MKS Instruments'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 )
=	1815.66	/ (	(922.288	+	908.747)	/	2 )
=	1815.66	/	915.5175
=	1.98

MKS Instruments'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 )
=	416.76	/ (	(908.747	+	893.32)	/	2 )
=	416.76	/	901.0335
=	0.46

MKS Instruments (STU:MKT) 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.

MKS Instruments'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
	=	901.0335	/	416.76	*	365 / 4
	=	197.28

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.

MKS Instruments'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 )
	=	901.0335	/	798.56
	=	1.13

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.

MKS Instruments Inventory Turnover Related Terms

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MKS Instruments (STU:MKT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MKS Instruments Inc (STU:MKT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MKSI:USA MKT:Germany

Address

2 Tech Drive, Suite 201, Andover, MA, USA, 01810

Website

https://www.mksinst.com

MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.

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