Micron Technology (WBO:MU) Inventory Turnover : 0.57 (As of Feb. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Micron Technology 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. Micron Technology's Cost of Goods Sold for the three months ended in Feb. 2024 was €4,399 Mil. Micron Technology's Average Total Inventories for the quarter that ended in Feb. 2024 was €7,737 Mil. Micron Technology's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micron Technology's Days Inventory for the three months ended in Feb. 2024 was 160.50.

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. Micron Technology's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.43.

Micron Technology Inventory Turnover Historical Data

The historical data trend for Micron Technology'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.

* Premium members only.

Micron Technology Inventory Turnover Chart

Micron Technology Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

Get a 7-Day Free Trial

2.96

2.75

3.52

3.20

2.18

Micron Technology Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.54	0.53	0.57	0.57

Micron Technology Inventory Turnover Calculation

Micron Technology's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	15548.652	/ (	(6576.381	+	7690.879)	/	2 )
=	15548.652	/	7133.63
=	2.18

Micron Technology's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	4398.615	/ (	(7647.024	+	7826.661)	/	2 )
=	4398.615	/	7736.8425
=	0.57

Micron Technology (WBO:MU) 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.

Micron Technology's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	7736.8425	/	4398.615	*	365 / 4
	=	160.50

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.

Micron Technology's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	7736.8425	/	5398.848
	=	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.

Micron Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Micron Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Micron Technology (WBO:MU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micron Technology Inc (WBO:MU) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MU:USA MU:Peru MU:Mexico MU_KZ:Kazakhstan MU:Italy MTEd:UK 0R2T:UK MTE:Germany MUTC34:Brazil

Address

8000 South Federal Way, Post Office Box 6, Boise, ID, USA, 83716-9632

Website

https://www.micron.com

Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.