Airgain (Airgain) Inventory Turnover : 3.47 (As of Mar. 2024)

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What is Airgain Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Airgain's Cost of Goods Sold for the three months ended in Mar. 2024 was $8.66 Mil. Airgain's Average Total Inventories for the quarter that ended in Mar. 2024 was $2.50 Mil. Airgain's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Airgain's Days Inventory for the three months ended in Mar. 2024 was 26.31.

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. Airgain's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Airgain Inventory Turnover Historical Data

The historical data trend for Airgain's Inventory Turnover 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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Airgain Inventory Turnover Chart

Airgain Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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23.91

23.46

7.96

7.27

10.64

Airgain Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.33	2.06	1.93	2.25	3.47

Airgain Inventory Turnover Calculation

Airgain's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	35.277	/ (	(4.226	+	2.403)	/	2 )
=	35.277	/	3.3145
=	10.64

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	8.655	/ (	(2.403	+	2.588)	/	2 )
=	8.655	/	2.4955
=	3.47

Airgain (NAS:AIRG) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Airgain's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2.4955	/	8.655	*	365 / 4
	=	26.31

2. 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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2.4955	/	14.231
	=	0.18

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Airgain Inventory Turnover Related Terms

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Airgain (Airgain) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Airgain Inc (NAS:AIRG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

6LV:Germany

Address

3611 Valley Centre Drive, Suite 150, San Diego, CA, USA, 92130

Website

https://www.airgain.com

Airgain Inc is engaged in providing antenna technologies. These technologies can be used to enable performance wireless networking across devices and markets which include connected home, enterprise, automotive, and internet of things. It also provides solutions to complex radio frequency, engineering challenges, and improving wireless service that require higher throughput, broad coverage footprint, and carrier-grade quality. Geographically, it derives maximum revenue from North America and also has a presence in China and Rest of the World. The company products include Antenna Plus: Fleet, M2M, IoT Antennas, Carrier-Class Antenna, Embedded Antennas, and External Dipole Antennas.

Executives

Michael Elbaz	officer: Chief Financial Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, STE. 150, SAN DIEGO CA 92130
James K Sims	director, 10 percent owner	5400 LEGACY DRIVE, H3-3A-05, PLANO TX 75024
Jacob Suen	officer: Sr. VP, Worldwide Sales	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
T J Chung	director	C/O BRUNSWICK CORP, 1 N FIELD COURT, LAKE FOREST IL 60045
Ali Sadri	officer: Chief Technology Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Arthur M. Toscanini	director	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Morad Sbahi	officer: SVP, Global Prod. & Marketing	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Kiva A. Allgood	director	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Kevin Thill	officer: Sr. VP, Engineering	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
David Lyle	officer: Chief Financial Officer	6290 SEQUENCE DRIVE, SAN DIEGO CA 92121
Anil Doradla	officer: Chief Financial Officer	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Gen3 Capital Partners, Llc	10 percent owner	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Charles A. Myers	director, officer: President and CEO	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130
Francis X Egan	director	20 WINTHROP SQUARE, 2ND FLOOR, BOSTON MA 02110
Thomas A Munro	director	C/O AIRGAIN, INC., 3611 VALLEY CENTRE DRIVE, SUITE 150, SAN DIEGO CA 92130