Giga-Tronics (Giga-Tronics) Change In Inventory

: $1.42 Mil (TTM As of Dec. 2023)

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Giga-Tronics's change in inventory for the quarter that ended in Dec. 2023 was $1.08 Mil. It means Giga-Tronics's inventory declined by $1.08 Mil from Sep. 2023 to Dec. 2023 .

Giga-Tronics's change in inventory for the fiscal year that ended in Dec. 2023 was $1.42 Mil. It means Giga-Tronics's inventory declined by $1.42 Mil from Dec. 2022 to Dec. 2023 .

Giga-Tronics's Total Inventories for the quarter that ended in Dec. 2023 was $6.38 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Giga-Tronics's Days Inventory for the quarter that ended in Dec. 2023 was 78.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. Giga-Tronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.16.

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. Giga-Tronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.

Giga-Tronics Change In Inventory Historical Data

The historical data trend for Giga-Tronics's Change In Inventory 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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Giga-Tronics Annual Data

Trend

Dec21

Dec22

Dec23

Change In Inventory

-1.08

-1.21

1.42

Giga-Tronics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory						0.24	-0.24	-0.13	0.70	1.08

Giga-Tronics Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.42 Mil.

Giga-Tronics (OTCPK:GIGA) Change In Inventory Explanation

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

Giga-Tronics's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.86	/	7.952	*	365 / 4
	=	78.72

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.952	/	6.86
	=	1.16

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.86	/	9.953
	=	0.69

Giga-Tronics Change In Inventory Related Terms

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Giga-Tronics (Giga-Tronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Giga-Tronics Inc (OTCPK:GIGA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

7272 E. Indian School Road, Suite 540, Scottsdale, AZ, USA, 85251

Website

https://www.gigatronics.com

Giga-tronics Inc design, manufacture, and distribute specialized precision electronic solutions, automated test solutions, power electronics, supply and distribution solutions, display solutions and radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry for military airborne, sea and ground applications. The company has three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.

Executives

William B. Horne	director	C/O AULT ALLIANCE, INC., 940 SOUTH COAST DRIVE, SUITE 200, COSTA MESA CA 92626
Timothy Long	officer: Chief Operating Officer	7272 E. INDIAN SCHOOL ROAD, SUITE 540, SCOTTSDALE AZ 85251
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jonathan R Read	director, officer: Chief Executive Officer	6711 E. CAMELBACK RD, #32, SCOTTSDALE AZ 85251
Robert O Smith	director	DIGITAL POWER CORPORATION, 41920 CHRISTY STREET, FREMONT CA 94538
Jeffrey Allen Bentz	director	107 E BONITA WAY, TEMPE AZ 85281
Thomas E Vickers	director	2101 WEST COMMERCIAL BLVD, SUITE 3500, FORT LAUDERDALE FL 33309
Wit Cornelis F	10 percent owner	2101 WEST COMMERCIAL BLVD., SUITE 3500, FORT LAUDERDALE FL 33309
Smc Private Equity Holdings Gp, Llc	10 percent owner	650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Private Equity Holdings, Lp	10 percent owner	650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital G.p., Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Spring Mountain Capital, Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Smc Select Co-investment I Gp, Llc	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
Gregory P. Ho	10 percent owner	C/O SPRING MOUNTAIN CAPITAL, LP, 650 MADISON AVENUE, 20TH FLOOR, NEW YORK NY 10022
John Steffens	10 percent owner	C/O DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE SUITE 210, BOCCA RATON FL 33487

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