Credo Technology Group Holding (Credo Technology Group Holding) Total Inventories : $31.5 Mil (As of Jan. 2024)

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What is Credo Technology Group Holding Total Inventories?

Credo Technology Group Holding's total inventories for the quarter that ended in Jan. 2024 was $31.5 Mil. Credo Technology Group Holding's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was $33.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Credo Technology Group Holding's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Credo Technology Group Holding's Days Inventory for the three months ended in Jan. 2024 was 149.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Credo Technology Group Holding's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.61.

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. Credo Technology Group Holding's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.63.

Credo Technology Group Holding Total Inventories Historical Data

The historical data trend for Credo Technology Group Holding's Total Inventories 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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Credo Technology Group Holding Total Inventories Chart

Credo Technology Group Holding Annual Data

Trend

Apr20

Apr21

Apr22

Apr23

Total Inventories

2.28

7.10

27.34

46.02

Credo Technology Group Holding Quarterly Data
	Apr20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial										50.32	46.02	40.79	35.76	31.51

Credo Technology Group Holding Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Credo Technology Group Holding (NAS:CRDO) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Credo Technology Group Holding's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(409.134	+	0.75 * 44.76	+	0.5 * 31.507	-	58.499
-	0	-	0)	/	163.068
=	2.45

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

Credo Technology Group Holding's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	33.634	/	20.5	*	365 / 4
	=	149.71

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Credo Technology Group Holding's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	20.5	/	33.634
	=	0.61

4. 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.

Credo Technology Group Holding's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	33.634	/	53.058
	=	0.63

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Credo Technology Group Holding Total Inventories Related Terms

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Credo Technology Group Holding (Credo Technology Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Credo Technology Group Holding Ltd (NAS:CRDO) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

CRDO:Mexico

Address

Ugland House, PO Box 309, Grand Cayman, CYM, KY1-1104

Website

https://www.credosemi.com

Credo Technology Group Holding Ltd delivers high-speed solutions to break bandwidth barriers on every wired connection in the data infrastructure market. It provides innovative, secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market.

Executives

William Joseph Brennan	director, officer: Pres & Chief Executive Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Yat Tung Lam	director, officer: Chief Operating Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Chi Fung Cheng	director, 10 percent owner, officer: Chief Technology Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Daniel W. Fleming	officer: Chief Financial Officer	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Lip Bu Tan	director, 10 percent owner	ONE CALIFORNIA STREET 28TH FLOOR, SAN FRANCISCO CA 94111
Adam Thorngate-gottlund	officer: General Counsel & Secretary	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
Pantas Sutardja,	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110
David Zinsner	director	1001 MURPHY RANCH ROAD, MILPITAS CA 95035
Sylvia Acevedo	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Manpreet Khaira	director	C/O CREDO TECHNOLOGY GROUP HOLDING LTD, 1600 TECHNOLOGY DRIVE, SAN JOSE CA 95110