Adtran Holdings (Adtran Holdings) Inventory Turnover

: 0.40 (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. Adtran Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $147 Mil. Adtran Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $368 Mil. Adtran Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adtran Holdings's Days Inventory for the three months ended in Dec. 2023 was 228.50.

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. Adtran Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.63.

Adtran Holdings Inventory Turnover Historical Data

The historical data trend for Adtran Holdings'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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Adtran Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.14

2.58

2.60

2.46

2.07

Adtran Holdings 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															0.59	0.56	0.56	0.50	0.40

Adtran Holdings Inventory Turnover Calculation

Adtran Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	816.037	/ (	(427.531	+	362.295)	/	2 )
=	816.037	/	394.913
=	2.07

Adtran Holdings'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 )
=	147.014	/ (	(373.971	+	362.295)	/	2 )
=	147.014	/	368.133
=	0.40

Adtran Holdings (NAS:ADTN) 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.

Adtran Holdings'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
	=	368.133	/	147.014	*	365 / 4
	=	228.50

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.

Adtran Holdings'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 )
	=	368.133	/	225.479
	=	1.63

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.

Adtran Holdings Inventory Turnover Related Terms

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Adtran Holdings (Adtran Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Adtran Holdings Inc (NAS:ADTN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

QH9:Germany QH9:Germany QH9:Germany ATN:Germany ADTN:Austria

Address

901 Explorer Boulevard, Huntsville, AL, USA, 35806-2807

Website

https://www.adtran.com

Adtran Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions, which includes hardware and software products, and Services & Support, which includes a portfolio of network implementation services, support services, and cloud-hosted SaaS applications that complement the product portfolio and can be utilized to support other platforms as well. These two segments span across their three revenue categories: Access & Aggregation, Subscriber Solutions, and Optical Networking Solutions.

Executives

Ulrich Dopfer	officer: Chief Financial Officer	901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Thomas R Stanton	officer: Vice President & Gen. Mgr.	C/O ADTRAN, 901 EXPLORER BLVD., HUNTSVILLE AL 35806
Gregory James Mccray	director	422 HANDEL COURT, WHEATON IL 60187
Wilson James Denson Jr	officer: Chief Revenue Officer	901 EXPLORER BLVD, HUNTSVILLE AL 35806
Christoph Glingener	officer: CEO of ADVA	901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Michael Foliano	officer: CFO	901 EXPLORER BLVD, HUNTSVILLE AL 35806
Brian Protiva	director, officer: CEO of ADVA	901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
James Denson Wilson Jr	Chief Revenue Officer
Nikos Theodosopoulos	director	C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Johanna Hey	director	901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Marc Kimpe	officer: SVP, Research & Development	131 HERITAGE LANE, MADISON AL 35758
Ray Harris	officer: Chief Information Officer	9811 RITCHIE CT, IJAMSVILLE MD 21754
Balan Nair	director	901 EXPLORER BOULEVARD, HUNTSVILLE AL 35806
Robert Conger	officer: SVP, Technology & Strategy	901 EXPLORER BLVD, HUNTSVILLE AL 35806
Eduard Scheiterer	officer: SVP, Research & Development	901 EXPLORER DRIVE, HUNTSVILLE AL 35806