Logitech International (Logitech International) Inventory Turnover

: 1.49 (As of Dec. 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. Logitech International's Cost of Goods Sold for the three months ended in Dec. 2023 was $729 Mil. Logitech International's Average Total Inventories for the quarter that ended in Dec. 2023 was $490 Mil. Logitech International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Logitech International's Days Inventory for the three months ended in Dec. 2023 was 61.37.

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. Logitech International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Logitech International Inventory Turnover Historical Data

The historical data trend for Logitech International'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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Logitech International Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

6.33

7.09

6.55

4.04

3.49

Logitech International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.94	0.83	0.95	1.12	1.49

Logitech International Inventory Turnover Calculation

Logitech International's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	2819.303	/ (	(933.124	+	682.893)	/	2 )
=	2819.303	/	808.0085
=	3.49

Logitech International'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 )
=	728.693	/ (	(532.943	+	447.262)	/	2 )
=	728.693	/	490.1025
=	1.49

Logitech International (NAS:LOGI) 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.

Logitech International'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
	=	490.1025	/	728.693	*	365 / 4
	=	61.37

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.

Logitech International'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 )
	=	490.1025	/	1255.473
	=	0.39

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.

Logitech International Inventory Turnover Related Terms

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Logitech International (Logitech International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Logitech International SA (NAS:LOGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LOGI:Mexico LOGNz:UK 0QK6:UK LOGNE:Switzerland LOGN:Switzerland

Address

EPFL - Quartier de l'Innovation, Daniel Borel Innovation Center, Lausanne, CHE, 1015

Website

https://www.logitech.com

Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.

Executives

Samantha Harnett	officer: General Counsel	1836 CLEMENS ROAD, OAKLAND CA 94602
Charles D Boynton	officer: Chief Financial Officer
Prakash Arunkundrum	officer: Head of Global Operations	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Kwok Wang Ng	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Sascha Zahnd	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94580
Christopher Richardson Jones	director	1501 FIRST AVENUE SOUTH, SUITE 600, SEATTLE WA 98134
Patrick Aebischer	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Nathan Olmstead	officer: Principal Accounting Officer	C/O LOGITECH INC., 7700 GATEWAY BOULEVARD, NEWARK CA 94560
Riet Cadonau	director	C/O LOGITECH INC., 7700 GATEWAY BLVD., NEWARK CA 94560
Bracken Darrell	officer: President	2000 M-63N, BENTON HARBOR MI 49022
Didier Hirsch	director	5301 STEVENS CREEK BOULEVARD, SANTA CLARA CA 95051
Neela Montgomery	director	C/O LOGITECH INTERNATIONAL S.A., LES CHATAGNIS, APPLES V8 1143
Deborah Thomas	director	C/O HASBRO, INC., 1011 NEWPORT AVENUE, PAWTUCKET RI 02862
Guy Gecht	director
Michael B Polk	director	100 DEFOREST AVE, EAST HANOVER NJ 07936