CSIMarket
 
Clearone Inc  (CLRO)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 

Clearone Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2023, Clearone Inc's inventory turnover ratio sequentially decreased to 1.38 in the third quarter 2023, unsurprisingly, as the Clearone Inc markets continue to deteriorate, and CLRO's faces growing challenges to bring down its inventories. Clearone Inc's average inventory processing period in the Sep 30 2023 quarter, has increased to 264 days, from 257 days, in the Jun 30 2023 quarter.

Within Technology sector 287 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 1031, from total ranking in the second quarter 2023 at 1283.

CLRO Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Clearone Inc Market Share?

What is Inventory Turnover Ratio?


CLRO Inventory Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Inventory Growth -10.75 % -23.44 % -14.9 % -10.68 % 5.32 %
Y / Y Cost of Sales Growth -18.79 % -34.33 % -39.46 % -39.59 % -10.79 %
Inventory Turnover Ratio (TTM) 1.38 1.42 1.5 1.64 1.78
CLRO's Total Ranking # 1031 # 1283 # 1552 # 1663 # 1619
Average inventory processing period 264 256 243 222 205
Seq. Inventory Growth 14.8 % -10.1 % -6.32 % -7.69 % -1.52 %
Seq. Cost of Sales Growth 0 % 4.79 % 3.84 % -25.37 % -19.13 %



Inventory Turnover Ratio Company Ranking
Within: No.
Consumer Electronics Industry # 40
Technology Sector # 288
Overall Market # 1031

Inventory Turnover Ratio Statistics
High Average Low
1.95 1.43 0.97
(Jun 30 2021)   (Mar 31 2018)




Financial Statements
Clearone Inc's Inventories $ 9 Millions Visit CLRO's Balance sheet
Clearone Inc's Cost of Revenues TTM $ 12 Millions Visit CLRO's Income Statement
What are CLRO's Sales? Visit CLRO's Sales by Segment

Other Inventory Turnover Ratios
Clearone Inc'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
CLRO's Inventory Turnover Ratio versus Consumer Electronics Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for CLRO's Competitors
Inventory Turnover Ratio for CLRO's Suppliers
Inventory Turnover Ratio for CLRO's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Flex Ltd   3.67 $ 27,606.000  Millions$ 7,515  Millions
Geospace Technologies Corp  3.63 $ 72.000  Millions$ 20  Millions
Moving Image Technologies inc   3.60 $ 16.872  Millions$ 5  Millions
Everspin Technologies Inc   3.60 $ 26.039  Millions$ 7  Millions
Formfactor inc   3.60 $ 424.154  Millions$ 118  Millions
Kimball Electronics Inc   3.55 $ 1,693.000  Millions$ 477  Millions
Quarta rad Inc   3.53 $ 0.382  Millions$ 0  Millions
Benchmark Electronics Inc   3.52 $ 2,626.073  Millions$ 747  Millions
Commscope Holding Company Inc   3.47 $ 5,233.000  Millions$ 1,507  Millions
Fortinet Inc   3.45 $ 1,217.100  Millions$ 353  Millions
Pioneer Power Solutions Inc   3.45 $ 30.241  Millions$ 9  Millions
Teradyne Inc   3.44 $ 1,159.881  Millions$ 337  Millions
Cirrus Logic Inc   3.43 $ 871.345  Millions$ 254  Millions
Ooma Inc   3.33 $ 79.772  Millions$ 24  Millions
Allient Inc  3.32 $ 387.855  Millions$ 117  Millions
Corning Inc  3.24 $ 9,065.000  Millions$ 2,795  Millions
Marvell Technology Inc  3.16 $ 3,195.700  Millions$ 1,013  Millions
Diodes Inc  3.15 $ 1,081.803  Millions$ 343  Millions
Esco Technologies inc   3.12 $ 580.377  Millions$ 186  Millions
First Solar Inc   3.06 $ 2,303.181  Millions$ 753  Millions
Genasys Inc   3.01 $ 24.000  Millions$ 8  Millions
Powerfleet Inc   3.00 $ 66.000  Millions$ 22  Millions
Lightpath Technologies Inc   2.99 $ 22.472  Millions$ 8  Millions
Materion Corporation  2.97 $ 1,310.845  Millions$ 441  Millions
Rumbleon Inc   2.97 $ 1,001.213  Millions$ 337  Millions
Universal Electronics Inc   2.96 $ 342.231  Millions$ 116  Millions
Intest Corp  2.96 $ 68.291  Millions$ 23  Millions
Juniper Networks Inc   2.96 $ 2,426.400  Millions$ 821  Millions
Sonos Inc   2.94 $ 938.000  Millions$ 319  Millions
Advanced Energy Industries Inc  2.90 $ 1,112.855  Millions$ 383  Millions

Date modified: 2023-11-09T19:35:46+00:00



Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com