AVX (AVX) Inventory-to-Revenue : 1.97 (As of Dec. 2019)

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What is AVX Inventory-to-Revenue?

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. AVX's Average Total Inventories for the quarter that ended in Dec. 2019 was $677 Mil. AVX's Revenue for the three months ended in Dec. 2019 was $344 Mil. AVX's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 1.97.

AVX's Inventory-to-Revenue for the quarter that ended in Dec. 2019 increased from Sep. 2019 (1.78) to Sep. 2019 (1.97)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVX's Days Inventory for the three months ended in Dec. 2019 was 231.78.

Inventory Turnover measures how fast the company turns over its inventory within a year. AVX's Inventory Turnover for the quarter that ended in Dec. 2019 was 0.39.

AVX Inventory-to-Revenue Historical Data

The historical data trend for AVX's Inventory-to-Revenue 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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AVX Inventory-to-Revenue Chart

AVX Annual Data

Trend

Mar10

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Inventory-to-Revenue

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0.40

0.43

0.37

0.32

AVX Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Inventory-to-Revenue	Get a 7-Day Free Trial															1.30	1.39	1.62	1.78	1.97

Competitive Comparison of AVX's Inventory-to-Revenue

For the Electronic Components subindustry, AVX's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AVX's Inventory-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, AVX's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where AVX's Inventory-to-Revenue falls into.

AVX Inventory-to-Revenue Calculation

AVX's Inventory-to-Revenue for the fiscal year that ended in Mar. 2019 is calculated as

	Inventory-to-Revenue (A: Mar. 2019 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Mar. 2018 )	+	Total Inventories (A: Mar. 2019 ))	/	count )	/	Revenue (A: Mar. 2019 )
=	( (516.777	+	631.688)	/	2 )	/	1791.79
=	574.2325					/	1791.79
=	0.32

AVX's Inventory-to-Revenue for the quarter that ended in Dec. 2019 is calculated as

	Inventory-to-Revenue (Q: Dec. 2019 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )	/	Revenue (Q: Dec. 2019 )
=	( (680.099	+	674.697)	/	2 )	/	344.441
=	677.398					/	344.441
=	1.97

AVX (NYSE:AVX) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

AVX's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	677.398	/	266.687	*	365 / 4
	=	231.78

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

AVX's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	266.687	/	677.398
	=	0.39

AVX Inventory-to-Revenue Related Terms

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AVX (AVX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVX Corp (NYSE:AVX) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 AVX Boulevard, Fountain Inn, SC, USA, 29644

Website

https://www.avx.com

AVX Corp is a manufacturer and supplier of electronic components to original-equipment manufacturers, distributors, and electronic manufacturing service providers. The firm operates in three segments: Electronic components, which sells ceramic and tantalum capacitors, film capacitors, and filters; Electronic Devices, which sells ceramic capacitors, sensor products, actuators, and connectors produced by Kyocera, a majority shareholder, and resold by AVX; and Interconnect, which sells Interconnect automotive, telecom, and memory connectors. A majority of the firm's revenue is generated in Asia, and rest in the Americas and Europe.

Executives

Benedict P Rosen

director

28601 CLEMENS RD, WESTLAKE OH 44145