MTS Systems (MTS Systems) Inventory Turnover : 0.70 (As of Dec. 2020)

View and export this data going back to 1990. Start your Free Trial

What is MTS Systems 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. MTS Systems's Cost of Goods Sold for the three months ended in Dec. 2020 was $124.4 Mil. MTS Systems's Average Total Inventories for the quarter that ended in Dec. 2020 was $176.9 Mil. MTS Systems's Inventory Turnover for the quarter that ended in Dec. 2020 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MTS Systems's Days Inventory for the three months ended in Dec. 2020 was 129.80.

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. MTS Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2020 was 0.89.

MTS Systems Inventory Turnover Historical Data

The historical data trend for MTS Systems'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.

* Premium members only.

MTS Systems Inventory Turnover Chart

MTS Systems Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Inventory Turnover

Get a 7-Day Free Trial

3.83

3.73

3.54

3.68

3.16

MTS Systems Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Inventory Turnover	Get a 7-Day Free Trial															0.75	0.79	0.73	0.80	0.70

MTS Systems Inventory Turnover Calculation

MTS Systems's Inventory Turnover for the fiscal year that ended in Sep. 2020 is calculated as

	Inventory Turnover (A: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2020 )	/ (	(Total Inventories (A: Sep. 2019 )	+	Total Inventories (A: Sep. 2020 ))	/	count )
=	540.198	/ (	(167.199	+	174.241)	/	2 )
=	540.198	/	170.72
=	3.16

MTS Systems's Inventory Turnover for the quarter that ended in Dec. 2020 is calculated as

	Inventory Turnover (Q: Dec. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2020 )	/ (	(Total Inventories (Q: Sep. 2020 )	+	Total Inventories (Q: Dec. 2020 ))	/	count )
=	124.389	/ (	(174.241	+	179.643)	/	2 )
=	124.389	/	176.942
=	0.70

MTS Systems (NAS:MTSC) 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.

MTS Systems's Days Inventory for the three months ended in Dec. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2020 )	/	Cost of Goods Sold (Q: Dec. 2020 )	*	Days in Period
	=	176.942	/	124.389	*	365 / 4
	=	129.80

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.

MTS Systems's Inventory to Revenue for the quarter that ended in Dec. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2020 )	/	Revenue (Q: Dec. 2020 )
	=	176.942	/	198.804
	=	0.89

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.

MTS Systems Inventory Turnover Related Terms

Thank you for viewing the detailed overview of MTS Systems's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

MTS Systems (MTS Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MTS Systems Corp (NAS:MTSC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

14000 Technology Drive, Eden Prairie, MN, USA, 55344

Website

http://www.mts.com

MTS Systems Corp is a supplier of test systems and position sensors. Its operations are organized and managed in two business segments; the Test and Simulation segment and the Sensors segment. Test and Simulation segment (Test) provides testing solutions including hardware, software, and services which are used by customers in product development to characterize the product's mechanical properties. Sensors segment (Sensors) is an in sensing technologies and solutions used by design engineers and predictive maintenance professionals, serving customers with a focus on total customer satisfaction, and offering regional support to provide and reliable sensing solutions.

Executives

Randy J Martinez	director, Interim CEO	HLH BUILDING, 101 WORLD DRIVE, PEACHTREE CITY GA 30269
Todd Klemmensen	officer: SVP, GC and Corp. Sec.	14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344-2290
Steven B Harrison	officer: EVP & Pres. Test & Simulation	14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Brian T Ross	officer: EVP & CFO	14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Jeffrey A Graves	director, officer: President and CEO	C/O C&D TECHNOLOGIES, INC., 1400 UNION MEETING RD, BLUE BELL PA 19422
David Hore	officer: EVP & Pres. Sensors	14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
David J Anderson	director	402 FARRINGTON DRIVE, LINCOLNSHIRE IL 60069
Linda Zukauckas	director	200 VESEY STREET, NEW YORK NY 10285
Chun Hung Yu	director	14000 TECHNOLOGY DR EDEN PRAIRIE MN 55344
David D Johnson	director	C/O MOLEX, INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Nancy A. Altobello	director	520 MADISON AVENUE, NEW YORK NY 10022
Michael V Schrock	director	5500 WAYZATA BLVD., SUITE 800, GOLDEN VALLEY MN 55416
William C Becker	officer: SVP Test & Simulation Comm Ops	14000 TECHNOLOGY DRIVE EDEN PRAIRIE MN 55344
Gail P Steinel	director	909 ROSE AVENUE - SUITE 200, NORTH BETHESDA MD 20852
Maximiliane C Straub	director	14000 TECHNOLOGY DRIVE, EDEN PRAIRIE MN 55344