Ceragon Networks (FRA:GGN) Inventory Turnover: 0.94 (As of Mar. 2026)

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Ceragon Networks Ltd FRA:GGN

70 GF Score

Price €2.00

GF Value €1.81

Valuation Modestly Overvalued

3 Warning Signs

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What is Ceragon Networks Inventory Turnover?

Ceragon Networks FRA:GGN +0.45% 70 Inventory Turnover is 0.94 as of Mar. 2026. GuruFocus rates FRA:GGN with a GF Score™ of 70/100 and a GF Value™ of €1.81 (Modestly Overvalued). The stock has 3 warning signs investors should review.

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. Ceragon Networks's Cost of Goods Sold for the three months ended in Mar. 2026 was €47.5 Mil. Ceragon Networks's Average Total Inventories for the quarter that ended in Mar. 2026 was €50.7 Mil. Ceragon Networks's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ceragon Networks's Days Inventory for the three months ended in Mar. 2026 was 97.40.

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. Ceragon Networks's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.69.

Ceragon Networks (FRA:GGN) 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.

Ceragon Networks's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	50.7145	/	47.512	*	365 / 4
	=	97.40

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.

Ceragon Networks's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	50.7145	/	73.528
	=	0.69

* 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.

Ceragon Networks Inventory Turnover Related Terms

Ceragon Networks Inventory Turnover Historical Data

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The historical data trend for Ceragon Networks's Inventory Turnover can be seen below:

Ceragon Networks Inventory Turnover Chart

Ceragon Networks Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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3.73

3.12

3.18

4.09

3.49

Ceragon Networks Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															0.96	0.85	0.94	0.91	0.94

70GF Score

Ceragon Networks Ltd FRA:GGN

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Ceragon Networks Inventory Turnover Calculation

Ceragon Networks's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	191.447	/ (	(57.007	+	52.595)	/	2 )
=	191.447	/	54.801
=	3.49

Ceragon Networks's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	47.512	/ (	(52.595	+	48.834)	/	2 )
=	47.512	/	50.7145
=	0.94

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 0.94 mean?

Ceragon Networks (FRA:GGN) has a Inventory Turnover of 0.94 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ceragon Networks and its competitors.

Is Ceragon Networks' Inventory Turnover too high?

Ceragon Networks' current Inventory Turnover is 0.94. Overall, Ceragon Networks has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Ceragon Networks' Inventory Turnover compare to SILC and LTRX?

Ceragon Networks' Inventory Turnover of 0.94 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Hardware company?

A good Inventory Turnover depends on the Hardware industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Ceragon Networks and its competitors. Ceragon Networks's current Inventory Turnover is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Ceragon Networks stock overvalued right now?

Based on GuruFocus' analysis, Ceragon Networks (FRA:GGN) is currently considered Modestly Overvalued. The stock's GF Value™ is €1.81, compared to a current price of €2.00 — trading 10.7% above its estimated fair value. The current Inventory Turnover is 0.94. Ceragon Networks' overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Ceragon Networks (FRA:GGN), the current Inventory Turnover is 0.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ceragon Networks (FRA:GGN) Overvalued in 2026?

Based on GuruFocus' analysis, Ceragon Networks stock appears to be overvalued. The current stock price of €2.00 is trading 10.7% above its estimated GF Value™ of €1.81. GuruFocus considers Ceragon Networks to be Modestly Overvalued.

Key valuation signals for FRA:GGN:

Inventory Turnover: 0.94
GF Value™: €1.81 vs. price of €2.00 (10.7% above fair value)
GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the FRA:GGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ceragon Networks Business Description

Industry Technology Hardware

Comparable Companies SILC LTRX AMPG AVNW OCC INSG WATT BKTI AIRG WSTL CSCO SZSE:300308 SHSE:601138 SZSE:300502 OHEL:NOKIA CIEN MSI LITE HPE SZSE:300394

Other Exchanges CRNT:USA GGN:Germany

Address 3 Uri Ariav Street, Building. A (7th Floor), PO Box 112, Rosh Ha’Ayin, ISR, 4810002

Website https://www.ceragon.com

Ceragon Networks Ltd is a wireless transport specialist, providing wireless connectivity solutions to markets globally across various industries, including wireless (mobile) network service providers and private networks, enabling them to build new networks and evolve networks towards 4G and 5G services. Its portfolio mainly comprises the IP-20 and IP-50 product series, including integrated multi-technology radio units operating across frequencies from 4 GHz to 86 GHz, as well as single-radio devices used for wireless data transport. Additionally, the company offers turnkey services including: network and radio planning, site survey, installation, network auditing and optimization, and more. Geographically, it derives maximum revenue from India, followed by North America and other regions.

70GF Score

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Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.00

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€1.81

GF Value

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