Maxim Integrated Products (Maxim Integrated Products) Inventory Turnover : 0.98 (As of Jun. 2021)

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What is Maxim Integrated Products 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. Maxim Integrated Products's Cost of Goods Sold for the three months ended in Jun. 2021 was $236 Mil. Maxim Integrated Products's Average Total Inventories for the quarter that ended in Jun. 2021 was $240 Mil. Maxim Integrated Products's Inventory Turnover for the quarter that ended in Jun. 2021 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maxim Integrated Products's Days Inventory for the three months ended in Jun. 2021 was 92.82.

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. Maxim Integrated Products's Inventory-to-Revenue for the quarter that ended in Jun. 2021 was 0.33.

Maxim Integrated Products Inventory Turnover Historical Data

The historical data trend for Maxim Integrated Products'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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Maxim Integrated Products Inventory Turnover Chart

Maxim Integrated Products Annual Data

Trend

Jun12

Jun13

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Inventory Turnover

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3.57

3.22

3.08

3.00

3.51

Maxim Integrated Products Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Inventory Turnover	Get a 7-Day Free Trial															0.76	0.77	0.80	0.88	0.98

Maxim Integrated Products Inventory Turnover Calculation

Maxim Integrated Products's Inventory Turnover for the fiscal year that ended in Jun. 2021 is calculated as

	Inventory Turnover (A: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2021 )	/ (	(Total Inventories (A: Jun. 2020 )	+	Total Inventories (A: Jun. 2021 ))	/	count )
=	872.183	/ (	(259.626	+	237.414)	/	2 )
=	872.183	/	248.52
=	3.51

Maxim Integrated Products's Inventory Turnover for the quarter that ended in Jun. 2021 is calculated as

	Inventory Turnover (Q: Jun. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2021 )	/ (	(Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )
=	235.83	/ (	(242.343	+	237.414)	/	2 )
=	235.83	/	239.8785
=	0.98

Maxim Integrated Products (NAS:MXIM) 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.

Maxim Integrated Products's Days Inventory for the three months ended in Jun. 2021 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2021 )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
	=	239.8785	/	235.83	*	365 / 4
	=	92.82

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.

Maxim Integrated Products's Inventory to Revenue for the quarter that ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2021 )	/	Revenue (Q: Jun. 2021 )
	=	239.8785	/	719.855
	=	0.33

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.

Maxim Integrated Products Inventory Turnover Related Terms

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Maxim Integrated Products (Maxim Integrated Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Maxim Integrated Products Inc (NAS:MXIM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

160 Rio Robles, San Jose, CA, USA, 95134

Website

https://www.maximintegrated.com

Maxim Integrated makes high-performance analog and mixed-signal integrated circuits. The company offers a wide range of products serving a host of analog-intensive applications, including power management, audio conversion, and sensors. Maxim supplies its diverse product portfolio to a broad base of customers in the communications, computing, industrial, automotive, and consumer-related end markets.

Executives

Jon Imperato	officer: SVP of Sales and Marketing	160 RIO ROBLES SAN JOSE CA 95134
Tunc Doluca	director, officer: PRESIDENT, CEO & DIRECTOR
James R Bergman	director	28202 CABOT RD. STE 200 LAGUNA NIGEL CA 92677
Bryan Preeshl	officer: SENIOR VICE PRESIDENT	160 RIO ROBLES SAN JOSE CA 95134
Mary Ann Wright	director	486 S. PIERCE AVE., SUITE E, LOUISVILLE CO 80027
Robert Edward Grady	director	555 CALIFORNIA STREET, SUITE 3450, SAN FRANCISCO CA 94104
Edwin Medlin	officer: SVP, Chief Legal, Admin, Compl	MAXIM INTEGRATED PRODUCTS INC 120 SAN GABRIEL DRIVE SUNNYVALE CA 94086
Brian C White	officer: SENIOR VP and CFO	C/O INTEGRATED DEVICE TECHNOLOGY, INC., 6024 SILVER CREEK VALLEY ROAD, SAN JOSE CA 95138
Vivek Jain	officer: SENIOR VP	120 SAN GABRIEL DRIVE, SUNNYVALE CA 94086
Joseph R Bronson	director	7005 SOUTHFRONT ROAD, LIVERMORE CA 94551
David Loftus	officer: Vice President	C/O INTERSIL CORPORATION 1001 MURPHY RANCH ROAD MILPITAS CA 95035
Mercedes Johnson	director	MICRON TECHNOLOGY, INC, 8000 S FEDERAL WAY, MS 1-557, BOISE ID 83716
William P Sullivan	director	5301 STEVENS CREEK BLVD, MS 1A-LC, SANTA CLARA CA 95051
William D Watkins	director	P O BOX 8, SAINT PETERS MO 63376
Tracy Accardi	director	160 RIO ROBLES SAN JOSE CA 95134