Andrea Electronics Inventory Turnover Ratio (COS)

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

Due to inventory build up in the fourth quarter 2022, Andrea Electronics's inventory turnover ratio sequentially decreased to 2.05 in the fourth quarter 2022, unsurprisingly, as the Andrea Electronics markets continue to deteriorate, and ANDR's faces growing challenges to bring down its inventories. Andrea Electronics's average inventory processing period in the Dec 31 2022 quarter, has increased to 178 days, from 164 days, in the Sep 30 2022 quarter.

Within Technology sector 301 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1478 in the third quarter 2022, to 1632.

ANDR Inventory Turnover Ratio using Sales Formula
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What is Inventory Turnover Ratio?

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ANDR Inventory Turnover Ratio	(Dec 31 2022) IV. Quarter	(Sep 30 2022) III. Quarter	(Jun 30 2022) II. Quarter	(Mar 31 2022) I. Quarter	(Dec 31 2021) IV. Quarter
Y / Y Inventory Growth	9.71 %	-9.17 %	34.12 %	47.3 %	126.42 %
Y / Y Cost of Sales Growth	-35.39 %	58 %	79.42 %	29.7 %	23.87 %
Inventory Turnover Ratio (TTM)	2.05	2.23	1.95	1.78	1.84
ANDR's Total Ranking	# 1632	# 1478	# 1729	# 1684	# 1731
Average inventory processing period	178	163	188	206	198
Seq. Inventory Growth	35.78 %	-33.03 %	-3.07 %	24.47 %	12.41 %
Seq. Cost of Sales Growth	-63.49 %	0.16 %	40.32 %	25.92 %	-10.72 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Consumer Electronics Industry	# 42
Technology Sector	# 302
Overall Market	# 1632

Inventory Turnover Ratio Statistics
High	Average	Low
4.96	2.3	1.24
(Sep 30 2016)		(Dec 31 2015)

ANDR Company Profile >> Back to ANDR Efficiency Comparisons >> Compare ANDR Inventory Turnover Ratio to its Competitors

Financial Statements
Andrea Electronics's Inventories	$ 0 Millions	Visit ANDR's Balance sheet
Andrea Electronics's Cost of Revenues TTM	$ 1 Millions	Visit ANDR's Income Statement
What are ANDR's Sales?		Visit ANDR's Sales by Segment

Other Inventory Turnover Ratios
Andrea Electronics's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Consumer Electronics Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
ANDR's Inventory Turnover Ratio versus Consumer Electronics Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for ANDR's Competitors
Inventory Turnover Ratio for ANDR's Suppliers
Inventory Turnover Ratio for ANDR's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2022, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Dec 31 2022	Inventories at quarter ending Dec 31 2022
Iveda Solutions Inc	5.53	$ 3.392 Millions	$ 1 Millions
Tower Semiconductor Ltd	5.51	$ 1,211.306 Millions	$ 220 Millions
Sonic Foundry Inc	5.49	$ 8.518 Millions	$ 2 Millions
Sunpower Corp	5.39	$ 1,338.000 Millions	$ 248 Millions
Methode Electronics Inc	5.36	$ 911.400 Millions	$ 170 Millions
Cellebrite Di Ltd	5.33	$ 53.000 Millions	$ 10 Millions
Jabil Inc	5.32	$ 31,846.000 Millions	$ 5,983 Millions
Trimble Inc	5.32	$ 2,083.600 Millions	$ 392 Millions
Aktis Oncology Inc	5.31	$ 23.692 Millions	$ 4 Millions
Gopro Inc	5.22	$ 686.713 Millions	$ 131 Millions
Vertiv Holdings Co	5.10	$ 4,075.400 Millions	$ 799 Millions
Crawford United Corp	5.08	$ 100.722 Millions	$ 20 Millions
Juniper Networks Inc	5.06	$ 2,342.900 Millions	$ 463 Millions
Fortinet Inc	5.04	$ 1,084.900 Millions	$ 215 Millions
Nortech Systems Incorporated	5.04	$ 113.643 Millions	$ 23 Millions
Synopsys Inc	5.04	$ 1,091.067 Millions	$ 217 Millions
Franklin Wireless Corp	5.01	$ 30.425 Millions	$ 6 Millions
Sanmina Corporation	4.91	$ 7,845.002 Millions	$ 1,599 Millions
Omnicell inc	4.86	$ 706.960 Millions	$ 146 Millions
Palladyne Ai Corp	4.80	$ 11.614 Millions	$ 2 Millions
Hubbell Inc	4.78	$ 3,476.300 Millions	$ 727 Millions
Phunware Inc	4.70	$ 16.718 Millions	$ 4 Millions
Rockwell Automation Inc	4.68	$ 4,717.200 Millions	$ 1,007 Millions
Synaptics Incorporated	4.67	$ 785.400 Millions	$ 168 Millions
Actelis Networks Inc	4.63	$ 4.721 Millions	$ 1 Millions
Motorola Solutions inc	4.61	$ 4,883.000 Millions	$ 1,059 Millions
Rekor Systems Inc	4.58	$ 10.890 Millions	$ 2 Millions
Belden Inc	4.56	$ 1,690.196 Millions	$ 371 Millions
Seagate Technology Holdings Plc	4.54	$ 7,059.000 Millions	$ 1,554 Millions
Ultra Clean Holdings Inc	4.51	$ 1,909.300 Millions	$ 424 Millions

Date modified: 2026-06-22T14:32:27+00:00

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