Technical Communications (Technical Communications) Inventory Turnover : 0.06 (As of Jun. 2023)

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What is Technical Communications 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. Technical Communications's Cost of Goods Sold for the three months ended in Jun. 2023 was $0.06 Mil. Technical Communications's Average Total Inventories for the quarter that ended in Jun. 2023 was $1.11 Mil. Technical Communications's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Technical Communications's Days Inventory for the three months ended in Jun. 2023 was 1,578.34.

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. Technical Communications's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 31.63.

Technical Communications Inventory Turnover Historical Data

The historical data trend for Technical Communications'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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Technical Communications Inventory Turnover Chart

Technical Communications Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Inventory Turnover

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1.99

3.04

1.77

1.27

1.22

Technical Communications Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Inventory Turnover	Get a 7-Day Free Trial															0.17	0.25	0.15	0.12	0.06

Technical Communications Inventory Turnover Calculation

Technical Communications's Inventory Turnover for the fiscal year that ended in Sep. 2022 is calculated as

	Inventory Turnover (A: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2022 )	/ (	(Total Inventories (A: Sep. 2021 )	+	Total Inventories (A: Sep. 2022 ))	/	count )
=	1.29	/ (	(1.157	+	0.966)	/	2 )
=	1.29	/	1.0615
=	1.22

Technical Communications's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	0.064	/ (	(0.973	+	1.241)	/	2 )
=	0.064	/	1.107
=	0.06

Technical Communications (OTCPK:TCCO) 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.

Technical Communications's Days Inventory for the three months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1.107	/	0.064	*	365 / 4
	=	1,578.34

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.

Technical Communications's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1.107	/	0.035
	=	31.63

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.

Technical Communications Inventory Turnover Related Terms

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Technical Communications (Technical Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Technical Communications Corp (OTCPK:TCCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Domino Drive, Concord, MA, USA, 01742-2892

Website

https://www.tccsecure.com

Technical Communications Corp designs, develops, manufactures, distributes, and markets communications security equipment. The company produces and supplies several custom-designed, special-purpose, and standard secure communications products for both domestic and international customers. Its products consist of voice, data, facsimile encryptors and video networks for military, government and corporate/industrial applications. In addition to product sales, it generates revenues from contract engineering services for certain government agencies, domestic and foreign, and commercial entities.

Executives

Ralph M Norwood	director	111 SOUTH WORCESTER STREET, NORTON MA 02766
Guild Carl H Jr	director, officer: CEO
Thomas E Peoples	director
Francisco F Blanco	director	1915 TOWNE CENTRE BLVD, SUITE 309, ANNAPOLIS MD 21401
Mitchell Briskin	director
Michael P Malone	officer: Chief Financial Officer
Paul D Sonkin	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Microcap Value Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	10 percent owner, other: see footnote #1	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Concentrated Fund Lp	10 percent owner, other: see footnote #1	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Robert T Lessard	director
Brown David A B	director