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Wireless Telecom Group (Wireless Telecom Group) Inventory Turnover : 0.39 (As of Mar. 2023)


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What is Wireless Telecom Group 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. Wireless Telecom Group's Cost of Goods Sold for the three months ended in Mar. 2023 was $2.23 Mil. Wireless Telecom Group's Average Total Inventories for the quarter that ended in Mar. 2023 was $5.65 Mil. Wireless Telecom Group's Inventory Turnover for the quarter that ended in Mar. 2023 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wireless Telecom Group's Days Inventory for the three months ended in Mar. 2023 was 231.40.

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. Wireless Telecom Group's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 1.09.


Wireless Telecom Group Inventory Turnover Historical Data

The historical data trend for Wireless Telecom Group'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.

* Premium members only.

Wireless Telecom Group Inventory Turnover Chart

Wireless Telecom Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.27 3.75 2.58 1.47 2.00

Wireless Telecom Group Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.54 0.52 0.49 0.18 0.39

Wireless Telecom Group Inventory Turnover Calculation

Wireless Telecom Group's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=9.534 / ((4.439 + 5.087) / 2 )
=9.534 / 4.763
=2.00

Wireless Telecom Group's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

Inventory Turnover (Q: Mar. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Mar. 2023 )) / count )
=2.227 / ((5.087 + 6.208) / 2 )
=2.227 / 5.6475
=0.39

* 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.


Wireless Telecom Group  (AMEX:WTT) 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.

Wireless Telecom Group's Days Inventory for the three months ended in Mar. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2023 )/Cost of Goods Sold (Q: Mar. 2023 )*Days in Period
=5.6475/2.227*365 / 4
=231.40

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.

Wireless Telecom Group's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=5.6475 / 5.175
=1.09

* 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.


Wireless Telecom Group Inventory Turnover Related Terms

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Wireless Telecom Group (Wireless Telecom Group) Business Description

Traded in Other Exchanges
N/A
Address
25 Eastmans Road, Parsippany, NJ, USA, 07054
Wireless Telecom Group Inc is a designer and manufacturer of advanced radio frequency (RF) and microwave components, modules, systems, and instruments. Serving aerospace and defense companies, military and government agencies, satellite communication companies, semiconductor manufacturers, and other technology companies. The company's products include RF power meters, sensors and analyzers, RF synthesizers, noise generators and components and phased noise analyzers. The company's services include calibration, repair and maintenance.
Executives
Manko Joseph M. Jr. 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
C Scott Gibson director PMB 316, PO BOX 30,000, JACKSON WY 83002
Jennifer M Fritzsche director 11780 U.S. HIGHWAY 1, SUITE 600, PALM BEACH GARDENS FL 33408
Alfred Rodriguez officer: Chief Revenue Officer C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD, PARSIPPANY NJ 07054
Timothy Whelan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS ROAD, PARSIPANNY NJ 07054
Michael Kandell officer: Chief Financial Officer C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Horton Capital Partners Fund, L.p. 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Partners, Llc 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Horton Capital Management, Llc 10 percent owner 1717 ARCH STREET, 37TH FLOOR, PHILADELPHIA PA 19103
Daniel Monopoli officer: Chief Technology Officer WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Michael Millegan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Weinstein Allan D.l. director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Bell Don Carlos Iii director 3713 SOUTHWESTERN BLVD, DALLAS TX 75225
E Wayne Nordberg 10 percent owner C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170
Philip E. Richter 10 percent owner C/O HOLLOW BROOK WEALTH MANAGEMENT LLC, 420 LEXINGTON AVENUE, SUITE 2840, NEW YORK NY 10170