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. Surge Components's Average Total Inventories for the quarter that ended in Feb. 2024 was $4.65 Mil. Surge Components's Revenue for the
three
months ended in Feb. 2024 was $7.05 Mil.
Surge Components's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.66.
Surge Components's Inventory-to-Revenue for the quarter that ended in Feb. 2024
declined
from Nov. 2023 (0.69) to Nov. 2023 (0.66)
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.
Surge Components's Days Inventory for the
three
months ended in Feb. 2024 was 84.60.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Surge Components's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.08.
Surge Components Inventory-to-Revenue Historical Data
The historical data trend for Surge Components's Inventory-to-Revenue 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.
Competitive Comparison of Surge Components's Inventory-to-Revenue
For the Electronics & Computer Distribution subindustry, Surge Components'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.
Surge Components's Inventory-to-Revenue Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Surge Components's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Surge Components's Inventory-to-Revenue falls into.
Surge Components 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.
Surge Components's Inventory-to-Revenue for the fiscal year that ended in Nov. 2023 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.
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.
Surge Components's Days Inventory for the
three
months ended in Feb. 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.
Surge Components Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Surge Components's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Surge Components (Surge Components) Business Description
Surge Components Inc is a supplier of electronic products and components. The company's products include capacitors, which are electrical energy storage devices, and discrete components, such as rectifiers, transistors, and diodes. Its marketed products are utilized in the electronic circuitry of products, comprising of automobiles, telecom, audio, cellular telephones, computers, consumer electronics, garage door openers, household appliances, power supplies and security equipment. In addition, the company's products are also sold to original equipment manufacturers and distributors.
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