Celestica (Celestica) Inventory-to-Revenue

: 1.02 (As of Dec. 2023)

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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. Celestica's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,184 Mil. Celestica's Revenue for the three months ended in Dec. 2023 was $2,141 Mil. Celestica's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.02.

Celestica's Inventory-to-Revenue for the quarter that ended in Dec. 2023 declined from Sep. 2023 (1.13) to Sep. 2023 (1.02)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Celestica's Days Inventory for the three months ended in Dec. 2023 was 103.92.

Inventory Turnover measures how fast the company turns over its inventory within a year. Celestica's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.88.

Celestica Inventory-to-Revenue Historical Data

The historical data trend for Celestica's Inventory-to-Revenue 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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Celestica Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.18

0.25

0.28

Celestica Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															1.15	1.29	1.22	1.13	1.02

Competitive Comparison

For the Electronic Components subindustry, Celestica's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Celestica Inventory-to-Revenue Distribution

For the Hardware industry and Technology sector, Celestica's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Celestica's Inventory-to-Revenue falls into.

Celestica Inventory-to-Revenue Calculation

Celestica's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (2350.3	+	2106.1)	/	2 )	/	7961
=	2228.2					/	7961
=	0.28

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

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (2261.1	+	2106.1)	/	2 )	/	2140.5
=	2183.6					/	2140.5
=	1.02

Celestica (NYSE:CLS) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Celestica'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
	=	2183.6	/	1917.3	*	365 / 4
	=	103.92

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1917.3	/	2183.6
	=	0.88

Celestica Inventory-to-Revenue Related Terms

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Celestica (Celestica) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Celestica Inc (NYSE:CLS) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

CTW:Germany CTW:Germany CLS:Canada

Address

5140 Yonge Street, Suite 1900, Toronto, ON, CAN, M2N 6L7

Website

https://www.celestica.com

Celestica Inc offers supply chain solutions. The company has two operating and reportable segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of the ATS end market and is comprised of the Aerospace and Defense, Industrial, health tech, and Capital Equipment businesses. Its Capital Equipment business is comprised of the semiconductor, display, and robotics equipment businesses, and the CCS segment consists of Communications and Enterprise end markets, Enterprise end market is comprised of its servers and storage businesses. The company generates a majority of its revenue from the Connectivity & Cloud Solutions segment.