Keysight Technologies (BSP:K1SG34) Inventory Turnover : 0.45 (As of Apr. 2024)

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What is Keysight Technologies 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. Keysight Technologies's Cost of Goods Sold for the three months ended in Apr. 2024 was R$2,324 Mil. Keysight Technologies's Average Total Inventories for the quarter that ended in Apr. 2024 was R$5,134 Mil. Keysight Technologies's Inventory Turnover for the quarter that ended in Apr. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keysight Technologies's Days Inventory for the three months ended in Apr. 2024 was 201.61.

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. Keysight Technologies's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 0.82.

Keysight Technologies Inventory Turnover Historical Data

The historical data trend for Keysight Technologies'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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Keysight Technologies Inventory Turnover Chart

Keysight Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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2.77

2.66

2.42

2.35

2.06

Keysight Technologies Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Inventory Turnover	Get a 7-Day Free Trial															0.51	0.49	0.49	0.44	0.45

Keysight Technologies Inventory Turnover Calculation

Keysight Technologies's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	9767.999	/ (	(4506.302	+	4980.061)	/	2 )
=	9767.999	/	4743.1815
=	2.06

Keysight Technologies's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

	Inventory Turnover (Q: Apr. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2024 )	/ (	(Total Inventories (Q: Jan. 2024 )	+	Total Inventories (Q: Apr. 2024 ))	/	count )
=	2323.89	/ (	(5036.237	+	5232.6)	/	2 )
=	2323.89	/	5134.4185
=	0.45

Keysight Technologies (BSP:K1SG34) 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.

Keysight Technologies's Days Inventory for the three months ended in Apr. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2024 )	/	Cost of Goods Sold (Q: Apr. 2024 )	*	Days in Period
	=	5134.4185	/	2323.89	*	365 / 4
	=	201.61

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.

Keysight Technologies's Inventory to Revenue for the quarter that ended in Apr. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2024 )	/	Revenue (Q: Apr. 2024 )
	=	5134.4185	/	6238.08
	=	0.82

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.

Keysight Technologies Inventory Turnover Related Terms

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Keysight Technologies (BSP:K1SG34) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keysight Technologies Inc (BSP:K1SG34) » Definitions » Inventory Turnover

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KEYS:USA 1KT:Germany 1KT:Germany

Address

1400 Fountaingrove Parkway, Santa Rosa, CA, USA, 95403-1738

Website

https://www.keysight.com

Keysight Technologies is a leader in the field of testing and measurement, helping electronics OEMs and suppliers alike bring products to market to fit industry standards and specifications. Keysight specializes in the communications market, but also supplies into the government, automotive, industrial, and semiconductor manufacturing markets. Keysight's solutions include testing tools, analytical software, and services. The firm's stated objective is to reduce time to market and improve efficiency at its more than 30,000 customers.

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