Viavi Solutions (Viavi Solutions) Inventory Turnover : 0.93 (As of Dec. 2023)

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What is Viavi 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. Viavi Solutions's Cost of Goods Sold for the three months ended in Dec. 2023 was $107 Mil. Viavi Solutions's Average Total Inventories for the quarter that ended in Dec. 2023 was $114 Mil. Viavi Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Viavi Solutions's Days Inventory for the three months ended in Dec. 2023 was 97.93.

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. Viavi Solutions's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Viavi Solutions Inventory Turnover Historical Data

The historical data trend for Viavi 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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Viavi Solutions Inventory Turnover Chart

Viavi Solutions Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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4.91

5.06

5.44

5.06

4.13

Viavi Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.02	0.87	0.97	0.90	0.93

Viavi Solutions Inventory Turnover Calculation

Viavi Solutions'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 )
=	467.3	/ (	(110.1	+	116.1)	/	2 )
=	467.3	/	113.1
=	4.13

Viavi Solutions's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	106.5	/ (	(113.5	+	115.1)	/	2 )
=	106.5	/	114.3
=	0.93

Viavi Solutions (NAS:VIAV) 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.

Viavi Solutions's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	114.3	/	106.5	*	365 / 4
	=	97.93

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.

Viavi Solutions's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	114.3	/	254.5
	=	0.45

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.

Viavi Solutions Inventory Turnover Related Terms

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Viavi Solutions (Viavi Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Viavi Solutions Inc (NAS:VIAV) » Definitions » Inventory Turnover

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Traded in Other Exchanges

UNS1:Germany

Address

1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286

Website

https://www.viavisolutions.com

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

Executives

Paul Mcnab	officer: EVP, Chief Mktg & Stgy Officer	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Gary W Staley	officer: SVP Global Sales NSE	VIAVI SOLUTIONS, INC., 430 NORTH MCCARTHY BLVD., MILPITAS CA 95035
Ralph Rondinone	officer: SVP Global Operations NSE	C/O JDS UNIPHASE, 430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Kevin Christopher Siebert	officer: SVP Gen. Counsel & Secretary	430 NORTH MCCARTHY BOULEVARD, MILPITAS CA 95035
Luke M Scrivanich	officer: SVP General Manager OSP	430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Oleg Khaykin	officer: President & CEO
Doug Gilstrap	director	1445 SOUTH SPECTRUM BLVD., SUITE 102, CHANDLER AZ 85286
Joanne Solomon	director	1900 S. PRICE ROAD, CHANDLER AZ 85286
Richard Belluzzo	director	C/O QUANTUM CORP, 501 SYCAORE DR, MILPITAS CA 95035
Timothy Campos	director	C/O JDS UNIPHASE CORPORATION, 430 N MCCARTHY BOULEVARD, MILPITAS CA 95035
Henk Derksen	officer: EVP, CFO	1 N. BRENTWOOD BLVD., SUITE 1500, SAINT LOUIS MO 63105
Pamela K. Avent	officer: Interim CFO	C/O VIAVI SOLUTIONS INC., 6001 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Keith Barnes	director	10100 N TANTAU AVE, CUPERTINO CA 95014-2540
Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Tor Braham	director	C/O NETAPP, 495 E. JAVA DRIVE, SUNNYVALE CA 94089