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.