What is Credo Technology Group Holding Inventory-to-Revenue?
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. Credo Technology Group Holding's Average Total Inventories for the quarter that ended in Jan. 2024 was $33.6 Mil. Credo Technology Group Holding's Revenue for the
three
months ended in Jan. 2024 was $53.1 Mil.
Credo Technology Group Holding's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.63.
Credo Technology Group Holding's Inventory-to-Revenue for the quarter that ended in Jan. 2024
declined
from Oct. 2023 (0.87) to Oct. 2023 (0.63)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Credo Technology Group Holding's Days Inventory for the
three
months ended in Jan. 2024 was 149.71.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Credo Technology Group Holding's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.61.
Credo Technology Group Holding Inventory-to-Revenue Historical Data
* 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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Credo Technology Group Holding Inventory-to-Revenue Chart
Competitive Comparison of Credo Technology Group Holding's Inventory-to-Revenue
For the Communication Equipment subindustry, Credo Technology Group Holding's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Credo Technology Group Holding's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Credo Technology Group Holding's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Credo Technology Group Holding's Inventory-to-Revenue falls into.
Credo Technology Group Holding Inventory-to-Revenue Calculation
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.
* 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.
Credo Technology Group Holding (NAS:CRDO) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Credo Technology Group Holding's Days Inventory for the
three
months ended in Jan. 2024 is calculated as:
* 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.
Credo Technology Group Holding Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Credo Technology Group Holding's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Credo Technology Group Holding (Credo Technology Group Holding) Business Description
Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.
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