Sierra Wireless (XSWX:SW) Inventory Turnover : 1.09 (As of Sep. 2022)

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What is Sierra Wireless 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. Sierra Wireless's Cost of Goods Sold for the three months ended in Sep. 2022 was CHF106.5 Mil. Sierra Wireless's Average Total Inventories for the quarter that ended in Sep. 2022 was CHF97.3 Mil. Sierra Wireless's Inventory Turnover for the quarter that ended in Sep. 2022 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sierra Wireless's Days Inventory for the three months ended in Sep. 2022 was 83.39.

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. Sierra Wireless's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 0.60.

Sierra Wireless Inventory Turnover Historical Data

The historical data trend for Sierra Wireless'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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Sierra Wireless Inventory Turnover Chart

Sierra Wireless Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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9.57

10.21

7.99

7.94

5.56

Sierra Wireless Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															0.99	1.32	1.39	1.41	1.09

Sierra Wireless Inventory Turnover Calculation

Sierra Wireless's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	291.413	/ (	(29.153	+	75.685)	/	2 )
=	291.413	/	52.419
=	5.56

Sierra Wireless's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	106.515	/ (	(89.605	+	105.081)	/	2 )
=	106.515	/	97.343
=	1.09

Sierra Wireless (XSWX:SW) 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.

Sierra Wireless's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	97.343	/	106.515	*	365 / 4
	=	83.39

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.

Sierra Wireless's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	97.343	/	161.622
	=	0.60

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.

Sierra Wireless Inventory Turnover Related Terms

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Sierra Wireless (XSWX:SW) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Sierra Wireless Inc (XSWX:SW) » Definitions » Inventory Turnover

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Address

13811 Wireless Way, Richmond, BC, CAN, V6V 3A4

Website

https://www.sierrawireless.com

Sierra Wireless Inc is a wireless communication equipment designer and provider of Device-To-Cloud Internet-of-Things solutions. The company's product and services portfolio contain products such as high-speed cellular modules and services such as connectivity services, cloud platforms, and cellular gateways, among others. It operates through two business segments: Internet of Things solutions and Embedded broadband. The vast majority of revenue comes from the company's embedded broadband segment, and more than half of its revenue is earned in the Americas and Asia-Pacific region.

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