Keysight Technologies Inc (KEYS)

Inventory turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Cost of revenue (ttm)	US$ in thousands	3,343,000	3,341,000	3,428,000	3,441,000	3,437,000	3,377,000	3,275,000	3,223,000	3,221,000	3,255,000	3,285,000	3,216,000	3,061,000	2,991,000	2,969,000	3,025,000	3,139,000	3,143,000	4,962,000	4,619,000
Inventory	US$ in thousands	1,024,000	985,000	975,000	948,000	909,000	858,000	837,000	810,000	804,000	777,000	770,000	774,000	760,000	757,000	778,000	756,000	737,000	705,000	696,000	660,000
Inventory turnover		3.26	3.39	3.52	3.63	3.78	3.94	3.91	3.98	4.01	4.19	4.27	4.16	4.03	3.95	3.82	4.00	4.26	4.46	7.13	7.00

January 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,343,000K ÷ $1,024,000K
= 3.26

Keysight Technologies Inc's inventory turnover has shown a consistent decreasing trend over the past few quarters, indicating that the company is selling its inventory at a slower rate compared to previous periods. The inventory turnover ratio decreased from 2.29 in Q2 2022 to 1.84 in Q1 2024. This suggests that the company may be facing challenges in efficiently managing its inventory or experiencing a slowdown in sales. It is important for the company to monitor and address this trend to avoid potential liquidity issues or excess inventory carrying costs. Further analysis and investigation into the factors affecting inventory turnover may be necessary to make informed decisions and improve the company's financial performance.