Qorvo Inc (QRVO)
Inventory turnover
Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 2,156,205 | 2,239,602 | 2,400,934 | 2,413,534 | 2,281,261 | 2,197,115 | 1,986,112 | 1,991,439 | 2,229,453 | 2,350,287 | 2,440,921 | 2,455,486 | 2,359,546 | 2,307,982 | 2,299,200 | 2,234,247 | 2,131,741 | 2,039,477 | 1,983,357 | 1,897,731 |
Inventory | US$ in thousands | 640,992 | 656,216 | 694,457 | 726,558 | 710,555 | 726,687 | 839,855 | 917,390 | 796,596 | 857,277 | 840,850 | 847,378 | 755,748 | 710,228 | 597,563 | 570,144 | 507,787 | 479,340 | 476,846 | 523,690 |
Inventory turnover | 3.36 | 3.41 | 3.46 | 3.32 | 3.21 | 3.02 | 2.36 | 2.17 | 2.80 | 2.74 | 2.90 | 2.90 | 3.12 | 3.25 | 3.85 | 3.92 | 4.20 | 4.25 | 4.16 | 3.62 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,156,205K ÷ $640,992K
= 3.36
Qorvo Inc's inventory turnover has experienced fluctuations over the past few years. The inventory turnover ratio measures how efficiently a company manages its inventory by showing how many times a company's inventory is sold and replaced over a period.
From June 30, 2020, to March 31, 2023, the inventory turnover ratio ranged from 2.17 to 4.25, indicating some variability in the company's ability to turn over its inventory during this period. However, there was a general decreasing trend, suggesting potential issues with managing inventory efficiently.
From March 31, 2023, to March 31, 2025, the inventory turnover ratio remained relatively stable between 2.17 and 3.46. This stability could indicate that Qorvo Inc has implemented measures to better manage its inventory during this period.
Overall, Qorvo Inc's inventory turnover has shown some fluctuations but has mostly stabilized in recent periods. It would be important for the company to continue monitoring and improving its inventory management practices to ensure optimal efficiency and profitability in the future.
Peer comparison
Mar 31, 2025
Mar 31, 2025