Kimball Electronics (Kimball Electronics) Inventory Turnover : 0.82 (As of Dec. 2023)

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What is Kimball Electronics 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. Kimball Electronics's Cost of Goods Sold for the three months ended in Dec. 2023 was $387 Mil. Kimball Electronics's Average Total Inventories for the quarter that ended in Dec. 2023 was $469 Mil. Kimball Electronics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kimball Electronics's Days Inventory for the three months ended in Dec. 2023 was 110.64.

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. Kimball Electronics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.11.

Kimball Electronics Inventory Turnover Historical Data

The historical data trend for Kimball Electronics'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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Kimball Electronics Inventory Turnover Chart

Kimball Electronics Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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5.39

5.28

5.60

4.18

3.94

Kimball Electronics 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															0.86	0.91	0.95	0.86	0.82

Kimball Electronics Inventory Turnover Calculation

Kimball Electronics'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 )
=	1667.264	/ (	(395.63	+	450.319)	/	2 )
=	1667.264	/	422.9745
=	3.94

Kimball Electronics'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 )
=	386.802	/ (	(482.229	+	455.736)	/	2 )
=	386.802	/	468.9825
=	0.82

Kimball Electronics (NAS:KE) 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.

Kimball Electronics'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
	=	468.9825	/	386.802	*	365 / 4
	=	110.64

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.

Kimball Electronics'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 )
	=	468.9825	/	421.235
	=	1.11

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.

Kimball Electronics Inventory Turnover Related Terms

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Kimball Electronics (Kimball Electronics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kimball Electronics Inc (NAS:KE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3C3:Germany

Address

1205 Kimball Boulevard, Jasper, IN, USA, 47546

Website

https://www.kimballelectronics.com

Kimball Electronics Inc is a contract electronic manufacturing services company. The company is engaged in producing durable electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services utilize common production and support capabilities. It is also engaged in producing safety-critical electronic assemblies for its automotive customers. Geographically, it derives a majority of revenue from the United States.

Executives

Richard D Phillips	officer: CEO	1205 KIMBALL BLVD., JASPER IN 47546
Tom George Vadaketh	director	1727 JOCKEYS WAY, YARDLEY PA 19067
Isabel S Wells	officer: CIO	1205 KIMBALL BLVD., JASPER IN 47546
Douglas Hass	officer: CL&CO, Secretary	1205 KIMBALL BLVD., JASPER IN 47546
John H Kahle	officer: VICE PRESIDENT	1205 KIMBALL BLVD., JASPER IN 47546
Adam M Baumann	officer: Corporate Controller	1205 KIMBALL BLVD., JASPER IN 47546
Jana T Croom	officer: Vice President, Finance	1205 KIMBALL BLVD., JASPER IN 47546
Leroy W Kemper	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Michele Holcomb	director	7000 CARDINAL PLACE, DUBLIN OH 43017
Deursen Holly Van	director	21211 NORDHOFF STREET, CHATSWORTH CA 91311
Robert J Phillippy	director
Kathy R Thomson	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Desiree L. Castillejos	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Jessica L Delorenzo	officer: Vice President	1205 KIMBALL BLVD, JASPER IN 47546
Repplier Colleen C	director	1205 KIMBALL BLVD., JASPER IN 47546