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. Cirrus Logic's Cost of Goods Sold for the
three
months ended in Sep. 2021 was $230 Mil. Cirrus Logic's Total Inventories for the quarter that ended in Sep. 2021 was $191 Mil.
Cirrus Logic's Inventory Turnover for the quarter that ended in Sep. 2021 was 1.21.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cirrus Logic's Days Inventory for the
three
months ended in Sep. 2021 was 75.45.
Total Inventories can be measured by Days Sales of Inventory (DSI).
Cirrus Logic's days sales of inventory (DSI) for the
three
months ended in Sep. 2021 was 37.32.
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.
Cirrus Logic's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.41.
Cirrus Logic Inventory Turnover Historical Data
The historical data trend for Cirrus Logic'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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Cirrus Logic Annual Data
Trend
Mar12
Mar13
Mar14
Mar15
Mar16
Mar17
Mar18
Mar19
Mar20
Mar21
Inventory Turnover
5.04
4.13
3.17
3.90
4.14
Cirrus Logic Quarterly Data
Dec16
Mar17
Jun17
Sep17
Dec17
Mar18
Jun18
Sep18
Dec18
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Inventory Turnover
0.82
1.33
0.92
0.75
1.21
Cirrus Logic Inventory Turnover Calculation
Cirrus Logic's Inventory Turnover for the fiscal year that ended in Mar. 2021 is calculated as
* 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.
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.
Cirrus Logic's Days Inventory for the
three
months ended in Sep. 2021 is calculated as:
3. 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.
Cirrus Logic's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as
* 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.
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.
Cirrus Logic Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Cirrus Logic's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.
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