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. Solitron Devices's Average Total Inventories for the quarter that ended in Nov. 2023 was $3.23 Mil. Solitron Devices's Revenue for the
three
months ended in Nov. 2023 was $4.14 Mil.
Solitron Devices's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.78.
Solitron Devices's Inventory-to-Revenue for the quarter that ended in Nov. 2023
declined
from Aug. 2023 (0.84) to Aug. 2023 (0.78)
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.
Solitron Devices's Days Inventory for the
three
months ended in Nov. 2023 was 96.35.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Solitron Devices's Inventory Turnover for the quarter that ended in Nov. 2023 was 0.95.
Solitron Devices Inventory-to-Revenue Historical Data
The historical data trend for Solitron Devices'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.
Competitive Comparison of Solitron Devices's Inventory-to-Revenue
For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.
Solitron Devices's Inventory-to-Revenue Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Solitron Devices's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Solitron Devices's Inventory-to-Revenue falls into.
Solitron Devices Inventory-to-Revenue Calculation
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.
Solitron Devices's Inventory-to-Revenue for the fiscal year that ended in Feb. 2023 is calculated as
* 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.
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:
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.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Solitron Devices's Days Inventory for the
three
months ended in Nov. 2023 is calculated as:
* 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.
Solitron Devices Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Solitron Devices's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Solitron Devices (Solitron Devices) Business Description
Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.
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