Surge Components (Surge Components) Inventory Turnover : 1.08 (As of Feb. 2024)

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What is Surge Components 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. Surge Components's Cost of Goods Sold for the three months ended in Feb. 2024 was $5.01 Mil. Surge Components's Average Total Inventories for the quarter that ended in Feb. 2024 was $4.65 Mil. Surge Components's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Surge Components's Days Inventory for the three months ended in Feb. 2024 was 84.60.

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. Surge Components's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.66.

Surge Components Inventory Turnover Historical Data

The historical data trend for Surge Components'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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Surge Components Inventory Turnover Chart

Surge Components Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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6.66

6.56

6.65

6.43

4.45

Surge Components Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.24	1.15	1.08	1.08

Surge Components Inventory Turnover Calculation

Surge Components's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	26.348	/ (	(6.409	+	5.423)	/	2 )
=	26.348	/	5.916
=	4.45

Surge Components's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	5.012	/ (	(5.423	+	3.87)	/	2 )
=	5.012	/	4.6465
=	1.08

Surge Components (OTCPK:SPRS) 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.

Surge Components's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	4.6465	/	5.012	*	365 / 4
	=	84.60

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.

Surge Components's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	4.6465	/	7.054
	=	0.66

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.

Surge Components Inventory Turnover Related Terms

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Surge Components (Surge Components) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Surge Components Inc (OTCPK:SPRS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 East Jefryn Boulevard, Deer Park, New York, NY, USA, 11729

Website

https://www.surgecomponents.com

Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.

Executives

Peter Levy	director	C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292
Michael D Tofias	10 percent owner	325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282
Steven J Lubman	director, officer: VP, Secretary, Director	1016 GRAND BLVD, DEER PARK NY 11729
Martin Novick	director
Alan Plafker	director	24 SYLVIA ROAD, PLAINVIEW NY 11803
Gary Mark Jacobs	director	15 HOOVER STREET, INWOOD NY 11096
Lawrence Chariton	director	30 ROCKAWAY PLACE, MASSAPEQUA NY 11758
Ira Levy	director, officer: Chief Executive Officer
David Siegel	director	95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729