NetScout Systems (NetScout Systems) Inventory Turnover

: 2.88 (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. NetScout Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.6 Mil. NetScout Systems's Average Total Inventories for the quarter that ended in Dec. 2023 was $15.2 Mil. NetScout Systems's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NetScout Systems's Days Inventory for the three months ended in Dec. 2023 was 31.69.

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. NetScout Systems's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.07.

NetScout Systems Inventory Turnover Historical Data

The historical data trend for NetScout 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.

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NetScout Systems Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.19

10.80

10.87

10.55

11.50

NetScout Systems 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															2.78	2.90	2.84	2.57	2.88

NetScout Systems Inventory Turnover Calculation

NetScout Systems's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	223.098	/ (	(21.235	+	17.549)	/	2 )
=	223.098	/	19.392
=	11.50

NetScout Systems'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 )
=	43.624	/ (	(15.481	+	14.822)	/	2 )
=	43.624	/	15.1515
=	2.88

NetScout Systems (NAS:NTCT) 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.

NetScout Systems'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
	=	15.1515	/	43.624	*	365 / 4
	=	31.69

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.

NetScout Systems'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 )
	=	15.1515	/	218.072
	=	0.07

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.

NetScout Systems Inventory Turnover Related Terms

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NetScout Systems (NetScout Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » NetScout Systems Inc (NAS:NTCT) » Definitions » Inventory Turnover

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NSZ:Germany

Address

310 Littleton Road, Westford, MA, USA, 01886-4105

Website

https://www.netscout.com

NetScout Systems Inc is a provider of service assurance and cybersecurity solutions to enterprise and government networks. It bases its solutions on proprietary adaptive service intelligence technology, which helps customers monitor and identify performance issues and provides insight into network-based security threats. These solutions also deliver real-time and historical information, which provides insight to restore service and understand the quality of user experience. The company derives revenue primarily from the sale of network management tools and security solutions. Its geographical regions include USA, Europe, Asia, and Rest of the World.

Executives

Michael Szabados	officer: Chief Operating Officer	271 MATTISON DRIVE, CONCORD MA 01742
John Downing	officer: SVP, Worldwide Sales Operation	310 LITTLETON ROAD, WESTFORD MA 01886
Hadzima Joseph G Jr	director	ONE BROADWAY, STE 1300, CAMBRIDGE MA 02142
Jean A Bua	officer: See Remarks
Marlene Pelage	director	C/O NETSCOUT SYSTEMS, INC., 310 LITTLETON ROAD, WESTFORD MA 01886
Shannon Nash	director	C/O USERTESTING, INC., 144 TOWNSEND STREET, SAN FRANCISCO CA 94107
Vivian M Vitale	director
Vincent J Mullarkey	director	2 WINGATE LANE, ACTON MA 01720
Susan Louise Spradley	director	C/O NORTEL NETWORKS, 8200 DIXIE ROAD STE 100, BRAMPTON ONTARIO A6 L6T 5PT
Alfred Grasso	director	C/O NETSCOUT SYSTEMS, INC., 310 LITTLETON ROAD, WESTFORD MA 01886
Victor Demarines	director
Christopher Perretta	director	C/O STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
John R Egan	director	176 SOUTH ST., HOPKINTON MA 01748
Robert E Donahue	director
Anil K Singhal	director, officer: Chief Executive Officer	C/O NETSCOUT SYTEMS INC, 310 LITTLETON ROAD, WESTFORD MA 01886