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. Socket Mobile's Average Total Inventories for the quarter that ended in Dec. 2023 was $5.47 Mil. Socket Mobile's Revenue for the
three
months ended in Dec. 2023 was $4.40 Mil.
Socket Mobile's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.24.
Socket Mobile's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (1.72) to Sep. 2023 (1.24)
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.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Socket Mobile's Days Inventory for the
three
months ended in Dec. 2023 was 240.27.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Socket Mobile's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.
Socket Mobile Inventory-to-Revenue Historical Data
The historical data trend for Socket Mobile'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.
Competitive Comparison of Socket Mobile's Inventory-to-Revenue
For the Computer Hardware subindustry, Socket Mobile'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.
Socket Mobile's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Socket Mobile's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Socket Mobile's Inventory-to-Revenue falls into.
Socket Mobile Inventory-to-Revenue Calculation
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.
Socket Mobile's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Socket Mobile (NAS:SCKT) Inventory-to-Revenue Explanation
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.
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.
Socket Mobile's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
Socket Mobile Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Socket Mobile's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Socket Mobile (Socket Mobile) Business Description
Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.
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