Coherent Inc (COHR)
Inventory turnover
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 4,677,500 | 4,808,600 | 4,839,740 | 5,124,920 | 5,356,660 | 4,709,856 | 4,188,373 | 3,459,508 | 2,811,995 | 2,689,004 | 2,675,032 | 2,640,933 | 2,573,537 | 2,524,797 | 2,343,157 | 2,412,322 | 2,148,643 | 1,856,145 | 1,653,381 | 1,225,818 |
| Inventory | US$ in thousands | 1,286,400 | 1,291,700 | 1,291,630 | 1,280,760 | 1,272,330 | 1,394,100 | 1,367,380 | 1,346,940 | 902,559 | 879,510 | 819,091 | 747,413 | 695,828 | 673,744 | 656,993 | 639,833 | 619,810 | 628,028 | 662,982 | 744,443 |
| Inventory turnover | 3.64 | 3.72 | 3.75 | 4.00 | 4.21 | 3.38 | 3.06 | 2.57 | 3.12 | 3.06 | 3.27 | 3.53 | 3.70 | 3.75 | 3.57 | 3.77 | 3.47 | 2.96 | 2.49 | 1.65 |
June 30, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,677,500K ÷ $1,286,400K
= 3.64
The inventory turnover ratio for Coherent Inc has shown fluctuations over the past few quarters. The ratio indicates how many times a company's inventory is sold and replaced over a certain period.
In the most recent quarter ending June 30, 2024, the inventory turnover was 3.64, showing a slight decrease from the previous quarter's ratio of 3.72. Despite this decline, the ratio remains relatively stable, suggesting that Coherent Inc is efficiently managing its inventory.
Looking back over the past few quarters, there has been a general trend of improvement in inventory turnover since the beginning of 2022. This indicates that the company has been able to sell its inventory at a faster rate and replenish it more efficiently.
It is important to note that a higher inventory turnover ratio generally indicates better performance, as it implies that inventory is being sold quickly and efficiently. However, too high a ratio could suggest stockouts or lost sales due to insufficient inventory levels.
Overall, the inventory turnover ratio for Coherent Inc has shown positive trends in recent periods, indicating effective management of inventory levels and sales activities.
Peer comparison
Jun 30, 2024
Jun 30, 2024