Casa Systems (STU:6CS) Inventory Turnover : 0.45 (As of Sep. 2023)

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What is Casa Systems 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. Casa Systems's Cost of Goods Sold for the three months ended in Sep. 2023 was €33.9 Mil. Casa Systems's Average Total Inventories for the quarter that ended in Sep. 2023 was €75.0 Mil. Casa Systems's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Casa Systems's Days Inventory for the three months ended in Sep. 2023 was 201.71.

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. Casa Systems's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.29.

Casa Systems Inventory Turnover Historical Data

The historical data trend for Casa Systems'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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Casa Systems Inventory Turnover Chart

Casa Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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1.85

1.67

1.89

2.38

2.27

Casa Systems Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.68	0.57	0.33	0.41	0.45

Casa Systems Inventory Turnover Calculation

Casa Systems's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	172.63	/ (	(75.073	+	77.214)	/	2 )
=	172.63	/	76.1435
=	2.27

Casa Systems's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	33.917	/ (	(77.61	+	72.342)	/	2 )
=	33.917	/	74.976
=	0.45

Casa Systems (STU:6CS) 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.

Casa Systems's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	74.976	/	33.917	*	365 / 4
	=	201.71

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.

Casa Systems's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	74.976	/	58.177
	=	1.29

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.

Casa Systems Inventory Turnover Related Terms

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Casa Systems (STU:6CS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Casa Systems Inc (STU:6CS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CASA:USA 6CS:Germany

Address

100 Old River Road, Andover, MA, USA, 01810

Website

https://www.casa-systems.com

Casa Systems Inc is engaged in providing a suite of software-centric infrastructure solutions that allow cable service providers to deliver voice, video and data services over a single platform at multi-gigabit speeds. In addition, the company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom, and wireless networks. The company focuses on creating a software-centric, multi-service portfolio that enables a broad range of core and access network functions for fixed and wireless networks. The company's product line includes cable networks, IP networks, mobile networks, optical networks, professional and managed services and others. Substantial revenue is generated from North American operations.

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