Infinera (Infinera) Inventory Turnover

: 0.53 (As of Sep. 2023)

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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. Infinera's Cost of Goods Sold for the three months ended in Sep. 2023 was $234 Mil. Infinera's Average Total Inventories for the quarter that ended in Sep. 2023 was $442 Mil. Infinera's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Infinera's Days Inventory for the three months ended in Sep. 2023 was 172.38.

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. Infinera's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.13.

Infinera Inventory Turnover Historical Data

The historical data trend for Infinera'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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Infinera Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

2.36

2.98

3.11

3.31

3.11

Infinera Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover																0.80	0.87	0.62	0.56	0.53

Infinera Inventory Turnover Calculation

Infinera's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	1037.466	/ (	(291.367	+	374.855)	/	2 )
=	1037.466	/	333.111
=	3.11

Infinera's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	234.049	/ (	(427.386	+	456.88)	/	2 )
=	234.049	/	442.133
=	0.53

Infinera (NAS:INFN) 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.

Infinera's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	442.133	/	234.049	*	365 / 4
	=	172.38

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.

Infinera's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	442.133	/	392.369
	=	1.13

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.

Infinera Inventory Turnover Related Terms

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Infinera (Infinera) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Infinera Corp (NAS:INFN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

INFN:Mexico IX6:Germany IX6:Germany

Address

6373 San Ignacio Avenue, San Jose, CA, USA, 95119

Website

https://www.infinera.com

Infinera Corp is a global supplier of networking solutions comprised of networking equipment, software and services. Its portfolio of solutions includes optical transport platforms, converged packet-optical transport platforms, compact modular platforms, optical line systems, coherent optical subsystems, a suite of automation software offerings, and support and professional services. The company's customers include operators of fixed line and mobile networks, including telecommunications service providers, internet content providers, cable providers, wholesale carriers, research and education institutions, large enterprises, utilities and government entities.

Executives

Michael H Fernicola	officer: Chief Accounting Officer	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
David W Heard	officer: GM, Products and Solutions	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
George Andrew Riedel	director	C/O NORTEL NETWORKS CORPORATION, 8200 DIXIE ROAD, SUITE 100, BRAMPTON A6 L6T 5P6
Paul J Milbury	director
David F Welch	officer: Chief Mkting & Strategy Ofcr	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Nicholas Walden	officer: SVP, Worldwide Sales	140 CASPIAN COURT, SUNNYVALE CA 94089
Roop Kalyan Lakkaraju	director	BENCHMARK ELECTRONICS, INC., 56 SOUTH ROCKFORD DRIVE, TEMPE AZ 85281
Christine Bucklin	director	608 30TH STREET, MANHATTAN BEACH CA 90266
Thomas J Fallon	officer: Chief Operating Officer	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Mark A Wegleitner	director	C/O INFINERA CORPORATION, 140 CASPIAN COURT, SUNNYVALE CA 94089
Hooshmand Kambiz	director	6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Amy H. Rice	director	333 SOUTH GRAND AVE., 28TH FLOOR, LOS ANGELES CA 90071
Oaktree Fund Gp, Llc	10 percent owner	333 SOUTH GRAND AVENUE, 28TH FLOOR, LOS ANGELES CA 90071
Partners Ltd	10 percent owner	181 BAY STREET, BROOKFIELD PLACE, SUITE 300, TORONTO A6 M5J2T3
Brookfield Asset Management Inc.	10 percent owner	BROOKFIELD PLACE, 181 BAY ST, STE 100, PO BOX 762, TORONTO A6 M5J2T3