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Credo Technology Group Holding Ltd  (CRDO)
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    Sector  Technology    Industry Semiconductors
   Industry Semiconductors
   Sector  Technology
 

Credo Technology Group Holding Ltd Inventory Turnover Ratio (COS)

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

Credo Technology Group Holding Ltd inventory turnover ratio, the Credo Technology Group Holding Ltd's ability to sell and replace its inventory in the third quarter 2024, sequentially increased to 1.67 in the third quarter 2024, yet the ratio remained below the average, as CRDO's market remain challenging.Average inventory processing period, for the Credo Technology Group Holding Ltd in Jan 27 2024 quarter, has decreased to 219 days, compare to 235 days, in the Oct 28 2023 quarter.

Within Technology sector 232 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2024, to 881, from total ranking in the second quarter 2024 at 1515.

CRDO Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Credo Technology Group Holding Ltd Market Share?

What is Inventory Turnover Ratio?


CRDO Inventory Turnover Ratio (Jan 27 2024)
III. Quarter
(Oct 28 2023)
II. Quarter
(Jul 29 2023)
I. Quarter
(Apr 29 2023)
IV. Quarter
(Jan 28 2023)
III. Quarter
Y / Y Inventory Growth -37.38 % -25.23 % 10.16 % 68.35 % 92.62 %
Y / Y Cost of Sales Growth -10.25 % -27.38 % -25.55 % -54.65 % 75.62 %
Inventory Turnover Ratio (TTM) 1.67 1.55 1.58 1.72 2.32
CRDO's Total Ranking # 881 # 1515 # 1677 # 1677 # 1536
Average inventory processing period 218 236 231 212 157
Seq. Inventory Growth -11.9 % -12.34 % -11.36 % -8.53 % 5.2 %
Seq. Cost of Sales Growth 17.65 % 21.43 % 3.68 % -39.4 % -4.81 %



Inventory Turnover Ratio Company Ranking
Within: No.
Semiconductors Industry # 63
Technology Sector # 233
Overall Market # 881

Inventory Turnover Ratio Statistics
High Average Low
2.45 1.84 1.34
(Oct 29 2022)   (Apr 30 2022)




Financial Statements
Credo Technology Group Holding Ltd's Inventories $ 32 Millions Visit CRDO's Balance sheet
Credo Technology Group Holding Ltd's Cost of Revenues TTM $ 65 Millions Visit CRDO's Income Statement
What are CRDO's Sales? Visit CRDO's Sales by Segment

Other Inventory Turnover Ratios
Credo Technology Group Holding Ltd's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Semiconductors Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
CRDO's Inventory Turnover Ratio versus Semiconductors Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for CRDO's Competitors
Inventory Turnover Ratio for CRDO's Suppliers
Inventory Turnover Ratio for CRDO's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Jan 27 2024, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Jan 27 2024 Inventories at quarter ending Jan 27 2024
Ribbon Communications Inc   5.62 $ 418.000  Millions$ 74  Millions
Bos Better Online Solutions Ltd  5.60 $ 34.000  Millions$ 6  Millions
Premier Inc   5.49 $ 431.227  Millions$ 78  Millions
Eltek Ltd   5.48 $ 33.593  Millions$ 6  Millions
Jinkosolar Holding Co ltd   5.47 $ 14,032.727  Millions$ 2,566  Millions
Nortech Systems Incorporated  5.42 $ 116.000  Millions$ 21  Millions
Magnachip Semiconductor Corporation  5.40 $ 178.411  Millions$ 33  Millions
Canadian Solar inc   5.37 $ 6,333.000  Millions$ 1,180  Millions
International Isotopes Inc  5.36 $ 4.000  Millions$ 1  Millions
Itron Inc   5.34 $ 1,459.000  Millions$ 273  Millions
Jabil Inc  5.33 $ 30,555.000  Millions$ 5,733  Millions
Sanmina Corporation  5.24 $ 7,743.578  Millions$ 1,478  Millions
Beam Global  5.24 $ 66.149  Millions$ 13  Millions
Inseego Corp   5.22 $ 143.000  Millions$ 27  Millions
Omnicell inc  5.22 $ 650.000  Millions$ 124  Millions
Motorola Solutions inc   5.15 $ 5,008.000  Millions$ 972  Millions
Focus Universal Inc   5.04 $ 0.958  Millions$ 0  Millions
Shoals Technologies Group Inc   5.00 $ 320.000  Millions$ 64  Millions
Onespan Inc   5.00 $ 77.000  Millions$ 15  Millions
Gopro Inc   4.95 $ 681.886  Millions$ 138  Millions
Fabrinet  4.93 $ 2,378.287  Millions$ 482  Millions
Akoustis Technologies Inc   4.92 $ 32.932  Millions$ 7  Millions
Vertiv Holdings Co  4.92 $ 4,462.700  Millions$ 907  Millions
Seagate Technology Holdings Plc  4.80 $ 5,337.000  Millions$ 1,111  Millions
Cantaloupe Inc   4.80 $ 154.491  Millions$ 32  Millions
Faro Technologies Inc  4.62 $ 193.000  Millions$ 42  Millions
So young International Inc   4.58 $ 76.668  Millions$ 17  Millions
Fortive Corporation  4.48 $ 2,471.200  Millions$ 551  Millions
Belden Inc   4.39 $ 1,557.118  Millions$ 355  Millions
Hubbell Inc  4.36 $ 3,484.000  Millions$ 799  Millions

Date modified: 2024-02-29T15:53:37+00:00



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