Microwave Filter Co (Microwave Filter Co) Inventory Turnover : 1.10 (As of Jun. 2019)

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What is Microwave Filter Co 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. Microwave Filter Co's Cost of Goods Sold for the three months ended in Jun. 2019 was $0.51 Mil. Microwave Filter Co's Average Total Inventories for the quarter that ended in Jun. 2019 was $0.46 Mil. Microwave Filter Co's Inventory Turnover for the quarter that ended in Jun. 2019 was 1.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Microwave Filter Co's Days Inventory for the three months ended in Jun. 2019 was 83.09.

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. Microwave Filter Co's Inventory-to-Revenue for the quarter that ended in Jun. 2019 was 0.55.

Microwave Filter Co Inventory Turnover Historical Data

The historical data trend for Microwave Filter Co'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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Microwave Filter Co Inventory Turnover Chart

Microwave Filter Co Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Inventory Turnover

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4.10

4.82

5.01

4.47

4.82

Microwave Filter Co Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Inventory Turnover	Get a 7-Day Free Trial															1.10	1.42	1.36	1.46	1.10

Microwave Filter Co Inventory Turnover Calculation

Microwave Filter Co's Inventory Turnover for the fiscal year that ended in Sep. 2018 is calculated as

	Inventory Turnover (A: Sep. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2018 )	/ (	(Total Inventories (A: Sep. 2017 )	+	Total Inventories (A: Sep. 2018 ))	/	count )
=	2.016	/ (	(0.458	+	0.378)	/	2 )
=	2.016	/	0.418
=	4.82

Microwave Filter Co's Inventory Turnover for the quarter that ended in Jun. 2019 is calculated as

	Inventory Turnover (Q: Jun. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2019 )	/ (	(Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )
=	0.509	/ (	(0.431	+	0.496)	/	2 )
=	0.509	/	0.4635
=	1.10

Microwave Filter Co (OTCPK:MFCO) 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.

Microwave Filter Co's Days Inventory for the three months ended in Jun. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2019 )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
	=	0.4635	/	0.509	*	365 / 4
	=	83.09

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.

Microwave Filter Co's Inventory to Revenue for the quarter that ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2019 )	/	Revenue (Q: Jun. 2019 )
	=	0.4635	/	0.841
	=	0.55

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.

Microwave Filter Co Inventory Turnover Related Terms

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Microwave Filter Co (Microwave Filter Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microwave Filter Co Inc (OTCPK:MFCO) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6743 Kinne Street, East Syracuse, Syracuse, NY, USA, 13057

Website

https://www.microwavefilter.com

Microwave Filter Co Inc operates in the United States and principally in one Industry. The Company extends credit to business customers, including original equipment manufacturers (OEMs), distributors and other end users, based upon ongoing credit evaluations. MFC designs, develops, manufactures and sells electronic filters, both for radio and microwave frequencies, to help process signal distribution and to prevent unwanted signals from disrupting transmit or receive operations. Markets served include 5G, cable television, television and radio broadcast, satellite broadcast, mobile radio and commercial and defense electronics.

Executives

Hummingbird Value Fund Lp	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Management Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Paul D Sonkin	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Hummingbird Capital Llc	other: See explanation of responses	145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Tarsier Nanocap Value Fund, Lp	other: See explanation of responses	C/O HUMMINGBIRD MANAGEMENT, LLC, 145 E. 57TH STREET, 8TH FLOOR, NEW YORK NY 10022
Christopher N Argyrople	10 percent owner	50 MILK STREET, 21ST FLOOR, BOSTON MA 02109

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