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.