Cirrus Logic (LTS:0HYI) Change In Inventory : $29 Mil (TTM As of Mar. 2024)

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What is Cirrus Logic Change In Inventory?

Cirrus Logic's change in inventory for the quarter that ended in Mar. 2024 was $53 Mil. It means Cirrus Logic's inventory declined by $53 Mil from Dec. 2023 to Mar. 2024 .

Cirrus Logic's change in inventory for the fiscal year that ended in Mar. 2024 was $29 Mil. It means Cirrus Logic's inventory declined by $29 Mil from Mar. 2023 to Mar. 2024 .

Cirrus Logic's Total Inventories for the quarter that ended in Mar. 2024 was $227 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cirrus Logic's Days Inventory for the quarter that ended in Mar. 2024 was 123.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cirrus Logic's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Cirrus Logic's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Cirrus Logic Change In Inventory Historical Data

The historical data trend for Cirrus Logic's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cirrus Logic Change In Inventory Chart

Cirrus Logic Annual Data

Trend

Mar15

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Mar17

Mar18

Mar19

Mar20

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Mar22

Mar23

Mar24

Change In Inventory

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17.77

-26.54

42.50

-95.01

29.43

Cirrus Logic Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-81.02	-67.51	-27.97	72.26	52.65

Cirrus Logic Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $29 Mil.

Cirrus Logic (LTS:0HYI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Cirrus Logic's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	241.9615	/	179.202	*	365 / 4
	=	123.21

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Cirrus Logic's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	179.202	/	241.9615
	=	0.74

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Cirrus Logic's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	241.9615	/	371.827
	=	0.65

Cirrus Logic Change In Inventory Related Terms

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Cirrus Logic (LTS:0HYI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirrus Logic Inc (LTS:0HYI) » Definitions » Change In Inventory

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CRUS:USA CRU:Germany

Address

800 West 6th Street, Austin, TX, USA, 78701

Website

https://www.cirrus.com

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.

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