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Socket Mobile Inc   (SCKT)
Other Ticker:  
 
    Sector  Technology    Industry Computer Hardware
   Industry Computer Hardware
   Sector  Technology
 

Socket Mobile Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Socket Mobile Inc 's inventory turnover ratio, the ratio that measures Socket Mobile Inc 's ability to manage its supply chain, sequentially decreased to 1.55 in the fourth quarter 2023, which does not come as a surprise, as the Socket Mobile Inc continue to experience headwinds, which also impact its supply chain. Socket Mobile Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 235 days, from 223 days, in the Sep 30 2023 quarter.

Within Technology sector 179 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the IV Quarter 2023, to 1181, from total ranking in the third quarter 2023 at 1321.

SCKT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Socket Mobile Inc Market Share?

What is Inventory Turnover Ratio?


SCKT Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth -3.44 % -10.09 % -6.43 % 9.81 % 8.68 %
Y / Y Cost of Sales Growth -20.78 % -13.76 % -18.09 % -29.24 % -10.48 %
Inventory Turnover Ratio (TTM) 1.55 1.64 1.64 1.71 1.91
SCKT's Total Ranking # 1181 # 1321 # 1389 # 1470 # 1694
Average inventory processing period 235 223 222 214 191
Seq. Inventory Growth -2.17 % 0.36 % -2.66 % 1.04 % -8.91 %
Seq. Cost of Sales Growth 16.23 % -27.49 % 10.09 % -14.6 % 26.51 %



Inventory Turnover Ratio Company Ranking
Within: No.
Computer Hardware Industry # 9
Technology Sector # 180
Overall Market # 1181

Inventory Turnover Ratio Statistics
High Average Low
10.74 3.85 1.55
(Sep. 30, 2015)   (Dec 31 2023)




Financial Statements
Socket Mobile Inc 's Inventories $ 5 Millions Visit SCKT's Balance sheet
Socket Mobile Inc 's Cost of Revenues TTM $ 9 Millions Visit SCKT's Income Statement
What are SCKT's Sales? Visit SCKT's Sales by Segment

Other Inventory Turnover Ratios
Socket Mobile Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Computer Hardware Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
SCKT's Inventory Turnover Ratio versus Computer Hardware Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for SCKT's Competitors
Inventory Turnover Ratio for SCKT's Suppliers
Inventory Turnover Ratio for SCKT's Customers

You may also want to know
SCKT's Sales Growth Rates SCKT's Pe Price to earnings ratio SCKT's Receivables Turnover Ratio SCKT's Stock Quote
SCKT's Net Income Growth Rates SCKT's Ps Price to Sales ratio SCKT's Sales per Employee SCKT's Asset Turnover Ratio
SCKT's Net Margin SCKT's Pb Price to Book ratio SCKT's Financial Strength Ratios SCKT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Diebold Nixdorf Incorporated  4.25 $ 2,703.400  Millions$ 636  Millions
Key Tronic Corporation  4.20 $ 569.546  Millions$ 136  Millions
Gilat Satellite Networks Ltd  4.18 $ 161.145  Millions$ 39  Millions
Super Micro Computer Inc   4.12 $ 7,734.632  Millions$ 1,876  Millions
Synopsys Inc   4.06 $ 1,266.646  Millions$ 312  Millions
Amphenol Corporation  4.05 $ 8,470.000  Millions$ 2,092  Millions
Comtech Telecommunications Corp  4.04 $ 388.453  Millions$ 96  Millions
Geospace Technologies Corp  3.90 $ 78.425  Millions$ 20  Millions
Cemtrex Inc   3.86 $ 32.663  Millions$ 8  Millions
Rockwell Automation Inc   3.85 $ 5,431.100  Millions$ 1,411  Millions
Smart Global Holdings Inc   3.85 $ 869.932  Millions$ 226  Millions
Vishay Intertechnology Inc   3.81 $ 2,427.552  Millions$ 638  Millions
Trimas Corporation  3.80 $ 692.230  Millions$ 182  Millions
Ametek inc   3.79 $ 4,212.485  Millions$ 1,111  Millions
Eastman Kodak Co  3.78 $ 907.000  Millions$ 240  Millions
Flex Ltd   3.70 $ 26,838.000  Millions$ 7,259  Millions
Viavi Solutions Inc   3.65 $ 429.100  Millions$ 118  Millions
Kimball Electronics Inc   3.57 $ 1,677.000  Millions$ 469  Millions
Formfactor inc   3.51 $ 404.000  Millions$ 115  Millions
Nvidia Corp  3.50 $ 16,621.000  Millions$ 4,748  Millions
Mobileye Global inc   3.50 $ 1,032.000  Millions$ 295  Millions
Logitech International S a   3.48 $ 1,945.936  Millions$ 559  Millions
Stmicroelectronics N v   3.34 $ 8,999.000  Millions$ 2,698  Millions
Ceragon Networks Ltd   3.30 $ 227.310  Millions$ 69  Millions
Danaher Corporation  3.24 $ 9,856.000  Millions$ 3,046  Millions
Corning Inc  3.16 $ 8,657.000  Millions$ 2,735  Millions
Rambus Inc   3.16 $ 103.000  Millions$ 33  Millions
Universal Electronics Inc   3.14 $ 322.000  Millions$ 103  Millions
Cirrus Logic Inc   3.14 $ 878.468  Millions$ 280  Millions
Moving Image Technologies inc   3.12 $ 14.404  Millions$ 5  Millions

Date modified: 2024-03-25T22:55:19+00:00



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