Micron Technology (Micron Technology) Inventory Turnover

: 0.57 (As of Feb. 2024)

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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. Micron Technology's Cost of Goods Sold for the three months ended in Feb. 2024 was $4,745 Mil. Micron Technology's Average Total Inventories for the quarter that ended in Feb. 2024 was $8,360 Mil. Micron Technology's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micron Technology's Days Inventory for the three months ended in Feb. 2024 was 160.76.

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. Micron Technology's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.44.

Micron Technology Inventory Turnover Historical Data

The historical data trend for Micron Technology'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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Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

2.92

2.84

3.51

3.02

2.25

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover																0.59	0.54	0.53	0.57	0.57

Micron Technology Inventory Turnover Calculation

Micron Technology's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	16956	/ (	(6663	+	8387)	/	2 )
=	16956	/	7525
=	2.25

Micron Technology's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	4745	/ (	(8276	+	8443)	/	2 )
=	4745	/	8359.5
=	0.57

Micron Technology (NAS:MU) 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.

Micron Technology's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	8359.5	/	4745	*	365 / 4
	=	160.76

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.

Micron Technology's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	8359.5	/	5824
	=	1.44

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.

Micron Technology Inventory Turnover Related Terms

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Micron Technology (Micron Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (NAS:MU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

MU:Peru MU:Mexico MU_KZ:Kazakhstan MU:Italy MTEd:UK 0R2T:UK MTE:Germany MTE:Germany MTE:Germany MTE:Germany MUTC34:Brazil MU:Austria

Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.

Executives

Sanjay Mehrotra	officer: President & CEO	C/O WESTERN DIGITAL CORPORATION, 3355 MICHELSON DRIVE, SUITE 100, IRVINE CA 92612
Scott J Deboer	officer: Vice President, R&D	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Scott R. Allen	officer: CVP, Chief Accounting Officer	11690 N.W. 105TH STREET, MIAMI FL 33178
April L Arnzen	officer: VP, Human Resources	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Michael W Bokan	officer: SVP, WORLDWIDE SALES	8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
Sumit Sadana	officer: EVP & Chief Business Officer	47544 AVALON HEIGHTS TERRACE, FREMONT CA 94539
Richard M Beyer	director	6501 WILLIAM CANNON DRIVE, WEST, AUSTIN TX 78735
Manish H Bhatia	officer: EVP, Global Operations	C/O WESTERN DIGITAL CORPORATION, 5601 GREAT OAKS PARKWAY, SAN JOSE CA 95119
Robert P Beard	officer: SVP, General Counsel&Secretary	8000 S. FEDERAL WAY, BOISE ID 83716
Mark J. Murphy	officer: EVP & Chief Financial Officer	DELPHI AUTOMOTIVE PLC, 5725 DELPHI DRIVE, TROY MI 48098
Joel L Poppen	officer: VP Legal Affairs, Gen Counsel, other: Corporate Secretary	8000 S. FEDERAL WAY, MS 1-557, BOISE ID 83716
David Zinsner	officer: SVP & Chief Financial Officer	1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Linnie M Haynesworth	director	214 N TRYON STREET, CHARLOTTE NC 28202
Lynn A Dugle	director	4803 STONECROFT BOULEVARD, CHANTILLY VA 20151
Paul Marosvari	officer: VP, Chief Accounting Officer	8000 S. FEDERAL WAY, BOISE ID 83716