Strattec Security (Strattec Security) Inventory Turnover : 1.23 (As of Dec. 2023)

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What is Strattec Security 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. Strattec Security's Cost of Goods Sold for the three months ended in Dec. 2023 was $105.0 Mil. Strattec Security's Average Total Inventories for the quarter that ended in Dec. 2023 was $85.4 Mil. Strattec Security's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Strattec Security's Days Inventory for the three months ended in Dec. 2023 was 74.19.

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. Strattec Security's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.72.

Strattec Security Inventory Turnover Historical Data

The historical data trend for Strattec Security'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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Strattec Security Inventory Turnover Chart

Strattec Security Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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9.14

6.88

6.49

5.24

5.70

Strattec Security 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															1.48	1.70	1.63	1.47	1.23

Strattec Security Inventory Turnover Calculation

Strattec Security's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	450.794	/ (	(80.482	+	77.597)	/	2 )
=	450.794	/	79.0395
=	5.70

Strattec Security'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 )
=	105.035	/ (	(81.367	+	89.439)	/	2 )
=	105.035	/	85.403
=	1.23

Strattec Security (NAS:STRT) 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.

Strattec Security'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
	=	85.403	/	105.035	*	365 / 4
	=	74.19

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.

Strattec Security'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 )
	=	85.403	/	118.532
	=	0.72

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.

Strattec Security Inventory Turnover Related Terms

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Strattec Security (Strattec Security) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Strattec Security Corp (NAS:STRT) » Definitions » Inventory Turnover

Comparable Companies

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SS8:Germany

Address

3333 West Good Hope Road, Milwaukee, WI, USA, 53209

Website

https://www.strattec.com

Strattec Security Corp designs develops, manufactures and markets mechanical locks, electronically enhanced locks and keys. It also produces ignition lock housings; access control products, including latches, power sliding door systems, and door handles. Strattec ships products to customer locations in the United States, Canada, Mexico, Europe, South America, Korea and China, and provides full-service aftermarket support. Strattec also supplies products for the heavy truck and recreational vehicle markets, as well as precision, die castings.

Executives

Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Liebau Frederic Jack Jr	director	P.O. BOX 2200, PASADENA CA 91102-2200
Bruce M Lisman	director	C/O MERCHANTS BANK, 275 KENNEDY DR, S. BURLINGTON VT 05403
Richard P Messina	officer: VP-Strattec Power Access LLC	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Dennis Bowe	officer: Vice President and CFO	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Patrick J Hansen	officer: Vice Pres., CFO and Secretary	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Frank Krejci	director
Tina M Chang	director	375 BISHOPS WAY, SUITE 105, BROOKFIELD WI 53005
Stratton Harold M Ii	director, officer: Chairman of the Board & CEO	P.O. BOX 8057, NAPLES FL 34101
Al-waleed H. Hamdan	officer: VP of Product Management	3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Rolando Guillot	officer: Vice Pres.-Mexican Operations	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209
Brian J Reetz	officer: VP - Security Products	C/O STRATTEC SECURITY CORPORATION, 3333 WEST GOOD HOPE ROAD, MILWAUKEE WI 53209