Seagate Technology Holdings (HAM:847) Inventory Turnover : 1.10 (As of Mar. 2024)

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What is Seagate Technology Holdings 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. Seagate Technology Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,132 Mil. Seagate Technology Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €1,031 Mil. Seagate Technology Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seagate Technology Holdings's Days Inventory for the three months ended in Mar. 2024 was 83.11.

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. Seagate Technology Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.68.

Seagate Technology Holdings Inventory Turnover Historical Data

The historical data trend for Seagate Technology Holdings'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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Seagate Technology Holdings Inventory Turnover Chart

Seagate Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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7.50

7.27

6.40

6.25

4.40

Seagate Technology Holdings 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															1.28	1.10	1.20	1.12	1.10

Seagate Technology Holdings Inventory Turnover Calculation

Seagate Technology Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	5568.459	/ (	(1480.49	+	1052.22)	/	2 )
=	5568.459	/	1266.355
=	4.40

Seagate Technology Holdings'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 )
=	1131.6	/ (	(965.601	+	1095.72)	/	2 )
=	1131.6	/	1030.6605
=	1.10

Seagate Technology Holdings (HAM:847) 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.

Seagate Technology Holdings'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
	=	1030.6605	/	1131.6	*	365 / 4
	=	83.11

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.

Seagate Technology Holdings'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 )
	=	1030.6605	/	1522.6
	=	0.68

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.

Seagate Technology Holdings Inventory Turnover Related Terms

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Seagate Technology Holdings (HAM:847) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Seagate Technology Holdings PLC (HAM:847) » Definitions » Inventory Turnover

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Traded in Other Exchanges

STX:USA STX:Mexico 847:Germany 847:Germany STXH:Austria

Address

38/39 Fitzwilliam Square, Dublin, IRL, D02 NX53

Website

https://www.seagate.com

Seagate is a leading supplier of hard disk drives for data storage to the enterprise and consumer markets. It forms a practical duopoly in the market with its chief rival, Western Digital; they are both vertically integrated.

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