Hitek Global Inc Inventory Turnover Ratio (COS)

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

Hitek Global Inc's inventory turnover ratio, the ratio that measures Hitek Global Inc's ability to manage its supply chain, sequentially decreased to 14.35 in the fourth quarter 2024, which does not come as a surprise, as the Hitek Global Inc continue to experience headwinds, which also impact its supply chain. Hitek Global Inc's average inventory processing period in the Dec 31 2024 quarter, has increased to 25 days, from 15 days, in the 0 quarter.

Within Technology sector 12 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the fourth quarter 2024 compared to previous quarter at no. 330.

HKIT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Hitek Global Inc Market Share?

What is Inventory Turnover Ratio?

Select the Comparisons :

None ▼

Select the Ratio:

Inventory Turnover▼

None ▼

Inventory Turnover▼

Download as CSV

Commercial Data Licensing & OEM

Annual commercial subscriptions for corporate use, internal BI systems, management reporting, AI integration, and client-facing platforms

API & Data Feeds

Programmatic access to normalized fundamentals & ratios.

HKIT Inventory Turnover Ratio	(Dec 31 2024) IV. Quarter	0 III. Quarter	0 II. Quarter	0 I. Quarter	(Dec 31 2022) IV. Quarter
Y / Y Inventory Growth	371.84 %	-8.8 %	796.32 %	-66.69 %	40.12 %
Y / Y Cost of Sales Growth	-34.32 %	-	-	-	12.02 %
Inventory Turnover Ratio (TTM)	14.35	-	-	-	17.73
HKIT's Total Ranking	# 330	# 330	# 0	# 0	#
Average inventory processing period	25	-	-	-	21
Seq. Inventory Growth	-43.63 %	-8.8 %	0 %	817.83 %	-89.1 %
Seq. Cost of Sales Growth	-	-	-	-	-

Inventory Turnover Ratio Company Ranking
Within:	No.
Software & Programming Industry	# 5
Technology Sector	# 13
Overall Market	# 330

Inventory Turnover Ratio Statistics
High	Average	Low
240.21	85.67	6.01
(Dec 31 2022)		(Dec 31 2021)

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

Financial Statements
Hitek Global Inc's Inventories	$ 0 Millions	Visit HKIT's Balance sheet
Hitek Global Inc's Cost of Revenues TTM	$ 2 Millions	Visit HKIT's Income Statement
What are HKIT's Sales?		Visit HKIT's Sales by Segment

Other Inventory Turnover Ratios
Hitek Global Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Software & Programming Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
HKIT's Inventory Turnover Ratio versus Software & Programming Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for HKIT's Competitors
Inventory Turnover Ratio for HKIT's Suppliers
Inventory Turnover Ratio for HKIT's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2024, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Dec 31 2024	Inventories at quarter ending Dec 31 2024
Microsoft Corporation	59.08	$ 80,087.000 Millions	$ 1,356 Millions
Xiao I Corporation	58.06	$ 0.834 Millions	$ 0 Millions
Tucows Inc	54.68	$ 279.246 Millions	$ 5 Millions
Tower Semiconductor Ltd	48.78	$ 1,096.680 Millions	$ 22 Millions
Telos Corporation	47.41	$ 71.394 Millions	$ 2 Millions
Onfolio Holdings Inc	44.48	$ 3.317 Millions	$ 0 Millions
Leidos Holdings Inc	43.02	$ 13,864.000 Millions	$ 322 Millions
Wisekey International Holding S a	41.30	$ 7.104 Millions	$ 0 Millions
Eltek Ltd	41.12	$ 36.188 Millions	$ 1 Millions
Sealsq Corp	39.39	$ 6.775 Millions	$ 0 Millions
Teradata Corporation	38.44	$ 692.000 Millions	$ 18 Millions
Toast Inc	33.22	$ 3,770.000 Millions	$ 114 Millions
Apple Inc	31.39	$ 211,657.000 Millions	$ 6,742 Millions
Tuya Inc	30.32	$ 157.187 Millions	$ 5 Millions
Track Group Inc	27.76	$ 19.000 Millions	$ 1 Millions
Maxeon Solar Technologies Ltd	25.62	$ 770.661 Millions	$ 30 Millions
International Business Machines Corporation	21.33	$ 27,201.000 Millions	$ 1,276 Millions
Cellebrite Di Ltd	20.83	$ 62.593 Millions	$ 3 Millions
Netlist Inc	19.27	$ 144.000 Millions	$ 7 Millions
Agilysys Inc	18.74	$ 97.998 Millions	$ 5 Millions
Alpha And Omega Semiconductor Limited	18.67	$ 506.011 Millions	$ 27 Millions
Skywater Technology Inc	18.43	$ 272.522 Millions	$ 15 Millions
Verint Systems Inc	17.16	$ 259.065 Millions	$ 15 Millions
Roper Technologies Inc	17.12	$ 2,160.000 Millions	$ 126 Millions
Csp inc	16.95	$ 36.180 Millions	$ 2 Millions
Ecarx Holdings Inc	16.48	$ 84.979 Millions	$ 5 Millions
Franklin Wireless Corp	15.92	$ 36.972 Millions	$ 2 Millions
Franklin Covey Co	15.77	$ 66.415 Millions	$ 4 Millions
Utstarcom Holdings Corp	15.75	$ 7.972 Millions	$ 1 Millions
Amkor Technology Inc	15.71	$ 5,384.000 Millions	$ 343 Millions

Date modified: 2026-09-08T15:11:29+00:00

Help

About us

Products

Data downloads

API

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research.

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

Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.