Cirrus Logic Inc (CRUS)

Inventory turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Cost of revenue	US$ in thousands	900,039	872,818	940,638	857,819	661,929
Inventory	US$ in thousands	299,092	227,248	233,450	138,436	173,263
Inventory turnover		3.01	3.84	4.03	6.20	3.82

March 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $900,039K ÷ $299,092K
= 3.01

The inventory turnover ratio for Cirrus Logic Inc has shown some fluctuations over the past five years. In March 31, 2021, the company's inventory turnover was 3.82 times, indicating that the inventory was turned over approximately 3.82 times during that year.

The ratio significantly improved to 6.20 times by March 31, 2022, suggesting that the company managed its inventory more efficiently during that period. However, there was a slight decline in inventory turnover to 4.03 times by March 31, 2023.

In the following years, Cirrus Logic Inc's inventory turnover remained relatively stable. By March 31, 2024, the ratio was 3.84 times, and it further decreased to 3.01 times by March 31, 2025.

Overall, the company's inventory turnover indicates the number of times inventory was sold and replaced over the years, with some variations in efficiency. It is essential for Cirrus Logic Inc to continue monitoring and managing its inventory effectively to optimize its operations and profitability.