Sigmatron International (FRA:SG3) Inventory Turnover : 0.60 (As of Jan. 2024)

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What is Sigmatron International 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. Sigmatron International's Cost of Goods Sold for the three months ended in Jan. 2024 was €78.9 Mil. Sigmatron International's Average Total Inventories for the quarter that ended in Jan. 2024 was €131.5 Mil. Sigmatron International's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.60.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sigmatron International's Days Inventory for the three months ended in Jan. 2024 was 151.98.

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. Sigmatron International's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.49.

Sigmatron International Inventory Turnover Historical Data

The historical data trend for Sigmatron International'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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Sigmatron International Inventory Turnover Chart

Sigmatron International Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Inventory Turnover

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3.20

3.01

2.61

2.64

2.18

Sigmatron International Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.44	0.54	0.54	0.60	0.60

Sigmatron International Inventory Turnover Calculation

Sigmatron International's Inventory Turnover for the fiscal year that ended in Apr. 2023 is calculated as

	Inventory Turnover (A: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2023 )	/ (	(Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )
=	331.04	/ (	(152.48	+	150.986)	/	2 )
=	331.04	/	151.733
=	2.18

Sigmatron International's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	78.942	/ (	(138.584	+	124.373)	/	2 )
=	78.942	/	131.4785
=	0.60

Sigmatron International (FRA:SG3) 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.

Sigmatron International's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	131.4785	/	78.942	*	365 / 4
	=	151.98

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.

Sigmatron International's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	131.4785	/	88.055
	=	1.49

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.

Sigmatron International Inventory Turnover Related Terms

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Sigmatron International (FRA:SG3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sigmatron International Inc (FRA:SG3) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SGMA:USA

Address

2201 Landmeier Road, Elk Grove Village, IL, USA, 60007

Website

https://www.sigmatronintl.com

Sigmatron International Inc is an independent provider of electronic manufacturing services (EMS). It provides printed circuit board assemblies and completely assembled electronic products. In addition, it also provides automatic and manual assembly and testing of products; material sourcing and procurement; manufacturing and test engineering support; warehousing and distribution services. The company primarily serves the industrial electronics, consumer electronics, and medical sciences industries. It has two reportable segments as an independent provider of electronic manufacturing services ("EMS") and as a provider of products to pet technology ("Pet Tech"). Geographically, it derives a majority of its revenue from Mexico and also has a presence in China and Vietnam.

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