Skyworks Solutions Inc (SWKS)

Inventory turnover

		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	Mar 31, 2020	Dec 31, 2019
Cost of revenue (ttm)	US$ in thousands	2,457,200	2,602,700	2,668,400	2,668,400	2,665,100	3,668,700	3,710,900	3,783,200	3,887,300	3,370,000	3,278,500	3,173,900	3,126,500	2,712,200	2,557,100	2,354,200	2,057,700	1,950,800	2,002,600	2,022,300
Inventory	US$ in thousands	784,800	822,800	835,500	926,800	1,119,700	1,235,600	1,257,000	1,273,300	1,212,100	1,102,000	928,200	838,500	885,000	808,700	739,800	718,500	806,000	698,200	648,900	604,400
Inventory turnover		3.13	3.16	3.19	2.88	2.38	2.97	2.95	2.97	3.21	3.06	3.53	3.79	3.53	3.35	3.46	3.28	2.55	2.79	3.09	3.35

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,457,200K ÷ $784,800K
= 3.13

Skyworks Solutions Inc's inventory turnover has shown some fluctuation over the past several quarters. The inventory turnover ratio measures how efficiently the company is managing its inventory levels.

From December 2019 to March 2020, there was an increase in inventory turnover, indicating that the company was able to sell its inventory more quickly during that period. However, in the following quarters, the turnover ratio decreased, suggesting a potential buildup of inventory relative to sales.

The ratio started to improve again in the latter part of 2021, reaching a peak of 3.79 in December 2021, which indicates that the company was able to sell its inventory at a faster rate.

In 2022, the turnover ratio remained relatively stable, hovering around the 3.0-3.5 range, indicating a consistent level of efficiency in managing inventory.

In the latest quarter ending September 30, 2024, the inventory turnover ratio was 3.13, which is slightly lower compared to the previous quarter. This may suggest a slight decrease in the efficiency of selling inventory, but overall the company has maintained a decent inventory turnover ratio over the analyzed period.

Further analysis of the company's sales and inventory management practices, as well as industry benchmarks, could provide additional insights into the effectiveness of Skyworks Solutions Inc's inventory turnover.