Snap One Holdings (STU:8W1) Inventory Turnover : 0.53 (As of Mar. 2024)

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What is Snap One 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. Snap One Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €126.6 Mil. Snap One Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €237.9 Mil. Snap One Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Snap One Holdings's Days Inventory for the three months ended in Mar. 2024 was 171.46.

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. Snap One Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Snap One Holdings Inventory Turnover Historical Data

The historical data trend for Snap One 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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Snap One Holdings Inventory Turnover Chart

Snap One Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

2.15

2.81

3.36

2.66

2.07

Snap One Holdings Quarterly Data
	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													0.46	0.52	0.56	0.56	0.53

Snap One Holdings Inventory Turnover Calculation

Snap One Holdings'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 )
=	562.727	/ (	(296.971	+	246.483)	/	2 )
=	562.727	/	271.727
=	2.07

Snap One 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 )
=	126.602	/ (	(246.483	+	229.302)	/	2 )
=	126.602	/	237.8925
=	0.53

Snap One Holdings (STU:8W1) 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.

Snap One 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
	=	237.8925	/	126.602	*	365 / 4
	=	171.46

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.

Snap One 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 )
	=	237.8925	/	226.392
	=	1.05

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.

Snap One Holdings Inventory Turnover Related Terms

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Snap One Holdings (STU:8W1) Business Description

Industry

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SNPO:USA

Address

1800 Continental Boulevard, Suite 200, Charlotte, NC, USA, 28273

Website

https://www.snapone.com

Snap One Holdings Corp provides products, services, and software to its network of professional integrators that enable them to deliver smart living experiences for their residential and business end users. The Company's hardware and software portfolio includes proprietary and third-party offerings across connected, infrastructure, and entertainment categories. Additionally, the Company provides value-added services and workflow solutions to support integrators throughout the project lifecycle, enhancing their operations.

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