Socket Mobile (FRA:SNB1) Inventory Turnover : 0.46 (As of Mar. 2024)

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What is Socket Mobile 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. Socket Mobile's Cost of Goods Sold for the three months ended in Mar. 2024 was €2.28 Mil. Socket Mobile's Average Total Inventories for the quarter that ended in Mar. 2024 was €4.97 Mil. Socket Mobile's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Socket Mobile's Days Inventory for the three months ended in Mar. 2024 was 199.35.

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. Socket Mobile's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.09.

Socket Mobile Inventory Turnover Historical Data

The historical data trend for Socket Mobile'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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Socket Mobile Inventory Turnover Chart

Socket Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.39

2.21

2.65

2.08

1.53

Socket Mobile Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.44	0.33	0.38	0.46

Socket Mobile Inventory Turnover Calculation

Socket Mobile's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	7.859	/ (	(5.288	+	4.96)	/	2 )
=	7.859	/	5.124
=	1.53

Socket Mobile's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2.275	/ (	(4.96	+	4.98)	/	2 )
=	2.275	/	4.97
=	0.46

Socket Mobile (FRA:SNB1) 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.

Socket Mobile's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	4.97	/	2.275	*	365 / 4
	=	199.35

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.

Socket Mobile's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4.97	/	4.58
	=	1.09

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.

Socket Mobile Inventory Turnover Related Terms

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Socket Mobile (FRA:SNB1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Socket Mobile Inc (FRA:SNB1) » Definitions » Inventory Turnover

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SCKT:USA

Address

40675 Encyclopedia Circle, Fremont, CA, USA, 94538

Website

https://www.socketmobile.com

Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.

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