AmpliTech Group (AmpliTech Group) Inventory Turnover : 0.20 (As of Mar. 2024)

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What is AmpliTech Group 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. AmpliTech Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $1.41 Mil. AmpliTech Group's Average Total Inventories for the quarter that ended in Mar. 2024 was $6.89 Mil. AmpliTech Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AmpliTech Group's Days Inventory for the three months ended in Mar. 2024 was 446.02.

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. AmpliTech Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.01.

AmpliTech Group Inventory Turnover Historical Data

The historical data trend for AmpliTech Group'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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AmpliTech Group Inventory Turnover Chart

AmpliTech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.28

4.10

1.69

1.93

1.26

AmpliTech Group 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															0.35	0.32	0.28	0.30	0.20

AmpliTech Group Inventory Turnover Calculation

AmpliTech Group'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 )
=	8.309	/ (	(6.632	+	6.538)	/	2 )
=	8.309	/	6.585
=	1.26

AmpliTech Group'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 )
=	1.41	/ (	(6.538	+	7.246)	/	2 )
=	1.41	/	6.892
=	0.20

AmpliTech Group (NAS:AMPG) 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.

AmpliTech Group'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
	=	6.892	/	1.41	*	365 / 4
	=	446.02

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.

AmpliTech Group'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 )
	=	6.892	/	2.293
	=	3.01

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.

AmpliTech Group Inventory Turnover Related Terms

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AmpliTech Group (AmpliTech Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AmpliTech Group Inc (NAS:AMPG) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

155 Plant Avenue, Hauppauge, NY, USA, 11788

Website

https://www.amplitechinc.com

AmpliTech Group Inc designs, develop, engineers, & assembles micro-wave component-based amplifiers that meet individual customer specifications. Its products consist of RF amplifiers & related subsystems, operating at multiple frequencies from 50kHz to 44GHz, including Low Noise Amplifiers, Medium Power Amplifiers, oscillators, filters, & custom assemblies such as MMIC (Monolithic Microwave Integrated Circuit) and MIC (Microwave Integrated Circuit) designs. It also offers non-recurring engineering services on a project-by-project basis, for a predetermined fixed contractual amount, or on a time-plus-material basis. It also operates as a manufacturer, & distributor of cryogenic microwave amplifiers, RF designs, & applications for Wireless Networks & the future of Wireless Communication.

Executives

Daniel Richard Mazziota	director	C/O AMPLITECH, INC., 155 PLANT AVENUE, HAUPPAUGE NY 11788
Jorge Luis Flores	officer: Chief Operating Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Fawad Maqbool	director, 10 percent owner, officer: President, CEO and Secretary	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Matthew Joseph Kappers	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Louisa Sanfratello	officer: Chief Financial Officer	155 PLANT AVENUE, HAUPPAUGE NY 11788
Wayne Stephen Homschek	director	535 FIFTH ST., 22ND FLOOR, NEW YORK NY 10017
Andrew Dylan Lee	director	C/O AMPLITECH GROUP, INC, 155 PLANT AVENUE, HAUPPAUGE NY 11788
Microphase Corp	10 percent owner	100 TRAP FALLS ROAD EXTENSION,, SUITE 400, SHELTON CT 06484