Electronic Systems Technology Inc (ELST) Inventory Turnover Ratio, from third quarter 2024 to third quarter 2023, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Electronic Systems Technology Inc  (ELST)
    Sector • Technology    Industry • IT Infrastructure
   Industry • IT Infrastructure
   Sector • Technology
 

Electronic Systems Technology Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2024, Electronic Systems Technology Inc's inventory turnover ratio sequentially decreased to 0.87 in the third quarter 2024, unsurprisingly, as the Electronic Systems Technology Inc markets continue to deteriorate, and ELST's faces growing challenges to bring down its inventories. Electronic Systems Technology Inc's average inventory processing period in the Sep 30 2024 quarter, has increased to 420 days, from 406 days, in the Jun 30 2024 quarter.

Within Technology sector 290 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 113 in the second quarter 2024, to 620.

ELST Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Electronic Systems Technology Inc Market Share?

What is Inventory Turnover Ratio?



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ELST Inventory Turnover Ratio (Sep 30 2024)
III. Quarter		 (Jun 30 2024)
II. Quarter		 (Mar 31 2024)
I. Quarter		 (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter
Y / Y Inventory Growth -2.98 % -10.97 % -13.67 % -0.42 % 45.03 %
Y / Y Cost of Sales Growth -18.5 % -42 % 15.16 % -39.83 % -15.05 %
Inventory Turnover Ratio (TTM) 0.87 0.9 1.03 0.97 1.1
ELST's Total Ranking # 620 # 113 # 92 # 1134 # 104
Average inventory processing period 422 404 356 378 331
Seq. Inventory Growth 5 % 18.86 % -12.85 % -10.79 % -3.65 %
Seq. Cost of Sales Growth -6.66 % -3.05 % -1.08 % -8.94 % -33.58 %




Inventory Turnover Ratio Company Ranking
Within: No.
IT Infrastructure Industry # 54
Technology Sector # 291
Overall Market # 620

Inventory Turnover Ratio Statistics
High Average Low
2.83 1.58 0.87
(Dec 31 2016)   (Sep 30 2024)



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

Financial Statements
Electronic Systems Technology Inc's Inventories $ 1 Millions Visit ELST's Balance sheet
Electronic Systems Technology Inc's Cost of Revenues TTM $ 1 Millions Visit ELST's Income Statement
What are ELST's Sales? Visit ELST's Sales by Segment

Other Inventory Turnover Ratios
Electronic Systems Technology Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
IT Infrastructure Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
ELST's Inventory Turnover Ratio versus IT Infrastructure Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for ELST's Competitors
Inventory Turnover Ratio for ELST's Suppliers
Inventory Turnover Ratio for ELST's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2024, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2024 Inventories at quarter ending Sep 30 2024
Sypris Solutions Inc   2.15 $ 151.000  Millions$ 70  Millions
Electro Sensors Inc  2.14 $ 3.977  Millions$ 2  Millions
Mobileye Global inc   2.14 $ 957.000  Millions$ 447  Millions
Navitas Semiconductor Corporation  2.11 $ 54.276  Millions$ 26  Millions
Vishay Precision Group Inc   2.09 $ 186.000  Millions$ 89  Millions
One Stop Systems Inc   2.05 $ 40.289  Millions$ 20  Millions
Astronova Inc   2.03 $ 96.847  Millions$ 48  Millions
A10 Networks Inc   2.03 $ 49.274  Millions$ 24  Millions
First Solar Inc   2.02 $ 2,058.575  Millions$ 1,017  Millions
Video Display Corporation  2.01 $ 5.202  Millions$ 3  Millions
Iridium Communications Inc   1.99 $ 175.040  Millions$ 88  Millions
Varex Imaging Corporation  1.97 $ 554.000  Millions$ 281  Millions
Diodes Inc  1.95 $ 857.213  Millions$ 441  Millions
Mks Inc   1.94 $ 1,867.000  Millions$ 960  Millions
Mercury Systems Inc   1.94 $ 661.769  Millions$ 342  Millions
Wolfspeed Inc   1.90 $ 787.000  Millions$ 414  Millions
Gsi Technology Inc  1.89 $ 9.000  Millions$ 5  Millions
Impinj Inc   1.88 $ 166.461  Millions$ 89  Millions
Dzs Inc  1.87 $ 128.000  Millions$ 68  Millions
3d Systems Corporation  1.87 $ 268.862  Millions$ 144  Millions
Maxlinear Inc   1.87 $ 181.000  Millions$ 97  Millions
Markforged Holding Corporation  1.86 $ 44.144  Millions$ 24  Millions
Macom Technology Solutions Holdings Inc   1.86 $ 335.805  Millions$ 181  Millions
Genasys Inc   1.85 $ 13.000  Millions$ 7  Millions
On Semiconductor Corporation  1.83 $ 3,997.800  Millions$ 2,182  Millions
Keysight Technologies inc   1.80 $ 1,846.000  Millions$ 1,023  Millions
Hewlett Packard Enterprise Company  1.80 $ 12,972.000  Millions$ 7,216  Millions
Innovative Solutions And Support inc   1.80 $ 19.857  Millions$ 11  Millions
Lattice Semiconductor Corp  1.75 $ 175.000  Millions$ 100  Millions
Focus Universal Inc   1.73 $ 0.721  Millions$ 0  Millions

Date modified: 2024-10-29T21:49:46+00:00




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