Cohu (COHU) Inventory Turnover : 0.38 (As of Mar. 2024)

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What is Cohu 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. Cohu's Cost of Goods Sold for the three months ended in Mar. 2024 was $58.4 Mil. Cohu's Average Total Inventories for the quarter that ended in Mar. 2024 was $153.7 Mil. Cohu's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cohu's Days Inventory for the three months ended in Mar. 2024 was 240.28.

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. Cohu's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.43.

Cohu Inventory Turnover Historical Data

The historical data trend for Cohu'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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Cohu Inventory Turnover Chart

Cohu Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.62

2.67

3.30

2.59

2.05

Cohu 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															0.54	0.51	0.47	0.45	0.38

Cohu Inventory Turnover Calculation

Cohu'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 )
=	333.454	/ (	(170.141	+	155.793)	/	2 )
=	333.454	/	162.967
=	2.05

Cohu'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 )
=	58.365	/ (	(155.793	+	151.587)	/	2 )
=	58.365	/	153.69
=	0.38

Cohu (NAS:COHU) 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.

Cohu'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
	=	153.69	/	58.365	*	365 / 4
	=	240.28

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.

Cohu'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 )
	=	153.69	/	107.614
	=	1.43

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.

Cohu Inventory Turnover Related Terms

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Cohu (COHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cohu Inc (NAS:COHU) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CU3:Germany CU3:Germany

Address

12367 Crothwaite Circle, Poway, CA, USA, 92064-6817

Website

https://www.cohu.com

Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has two reportable segments, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection) and PCB Test Equipment (PCB Test). The majority of the firm's revenue is derived from the Semiconductor Test and Inspection Equipment segment.

Executives

Thomas D Kampfer	officer: VP Corp Dev, GC & Sec	C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92128
Ian P Lawee	officer: VP & GM Semiconductor Test Grp	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Jeffrey D Jones	officer: VP Finance & CFO	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Nina Richardson	director	C/O SILICON LABORATORIES, 400 W CESAR CHAVEZ, AUSTIN TX 78701
William Bendush	director	MICROSEMI CORPORATION, ONE ENTERPRISE, ALISO VIEJO CA 92656
Steven J Bilodeau	director	C/O COHU, INC., 12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andreas W Mattes	director	C/O DIEBOLD, INCORPORATED, 5995 MAYFAIR RD, NORTH CANTON OH 44720
Christopher Bohrson	officer: VP & General Manager, Delta	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Andrew M Caggia	director	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Luis A Muller	officer: President, Delta Design, Inc.	12367 CROSTHWAITE CIRCLE, POWAY CA 92064
Yon Jorden	director	750 WEST JOHN CARPENTER FREEWAY, SUITE 1200, IRVING TX 75039
James A Donahue	officer: President & CEO
Pascal Ronde	officer: Sr. VP, Global Customer Team	LES CONQUERANTS - BATIMENT 1, AVENUE DE L'ATLANTIQUE, LES ULIS I0 91940
Robert L Ciardella	director
Lynne J Camp	director	714 NW 914TH TERRACE, PORTLAND OR 97229