Cicor Technologies (XSWX:CICN) Inventory Turnover : 0.69 (As of Dec. 2023)

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What is Cicor Technologies 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. Cicor Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF97.7 Mil. Cicor Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was CHF141.6 Mil. Cicor Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cicor Technologies's Days Inventory for the six months ended in Dec. 2023 was 264.57.

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. Cicor Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.74.

Cicor Technologies Inventory Turnover Historical Data

The historical data trend for Cicor Technologies'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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Cicor Technologies Inventory Turnover Chart

Cicor Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.48

2.23

1.90

1.69

1.64

Cicor Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.93	0.93	0.73	0.83	0.69

Cicor Technologies Inventory Turnover Calculation

Cicor Technologies'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 )
=	207.15	/ (	(117.364	+	135.365)	/	2 )
=	207.15	/	126.3645
=	1.64

Cicor Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	97.707	/ (	(147.929	+	135.365)	/	2 )
=	97.707	/	141.647
=	0.69

Cicor Technologies (XSWX:CICN) 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.

Cicor Technologies's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	141.647	/	97.707	*	365 / 2
	=	264.57

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.

Cicor Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	141.647	/	190.738
	=	0.74

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.

Cicor Technologies Inventory Turnover Related Terms

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Cicor Technologies (XSWX:CICN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cicor Technologies Ltd (XSWX:CICN) » Definitions » Inventory Turnover

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CICNz:UK

Address

c/o Cicor Management AG, Gebenloostrasse 15, Bronschhofen, CHE, 9552

Website

https://www.cicor.com

Cicor Technologies Ltd is engaged in the manufacturing of printed circuit boards, high-density interconnect, thin and thick film, radio frequency boards, quick turn prototypes, micro-assembly, packaging, and outsourcing of electronic modules and component groups. The company's products are used by medical technology, automotive, semiconductor, aerospace and defense, telecommunications, and watch industries. The business operates through segments are Electronic Manufacturing Services (EMS), and Advanced Substrates (AS). The Electronic Manufacturing Services segment generates maximum revenue for the company.

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