Ionix Technology Inventory Turnover Ratio (COS)

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

Due to inventory build up in the third quarter 2022, Ionix Technology's inventory turnover ratio sequentially decreased to 2.71 in the third quarter 2022, unsurprisingly, as the Ionix Technology markets continue to deteriorate, and IINX's faces growing challenges to bring down its inventories. Ionix Technology's average inventory processing period in the Mar 31 2022 quarter, has increased to 135 days, from 120 days, in the Dec 31 2021 quarter.

Within Technology sector 238 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1391 in the second quarter 2022, to 1510.

IINX Inventory Turnover Ratio using Sales Formula
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IINX Inventory Turnover Ratio	(Mar 31 2022) III. Quarter	(Dec 31 2021) II. Quarter	(Sep 30 2021) I. Quarter	(Jun 30 2021) IV. Quarter	(Mar 31 2021) III. Quarter
Y / Y Inventory Growth	20.47 %	34.05 %	43.89 %	67.11 %	37.72 %
Y / Y Cost of Sales Growth	-36.18 %	37.29 %	56.14 %	49.78 %	11.81 %
Inventory Turnover Ratio (TTM)	2.71	3.04	3.03	2.93	3.01
IINX's Total Ranking	# 1510	# 1391	# 1357	# 1507	# 1408
Average inventory processing period	135	120	120	125	121
Seq. Inventory Growth	5.71 %	2.09 %	-14.17 %	30.06 %	17.62 %
Seq. Cost of Sales Growth	-49.66 %	-15.13 %	5.23 %	41.96 %	8.29 %

Inventory Turnover Ratio Company Ranking
Within:	No.
IT Infrastructure Industry	# 42
Technology Sector	# 239
Overall Market	# 1510

Inventory Turnover Ratio Statistics
High	Average	Low
26.61	7.45	2.71
(Sep 30 2018)		(Mar 31 2022)

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

Financial Statements
Ionix Technology's Inventories	$ 5 Millions	Visit IINX's Balance sheet
Ionix Technology's Cost of Revenues TTM	$ 14 Millions	Visit IINX's Income Statement
What are IINX's Sales?		Visit IINX's Sales by Segment

Other Inventory Turnover Ratios
Ionix Technology'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
IINX's Inventory Turnover Ratio versus IT Infrastructure Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for IINX's Competitors
Inventory Turnover Ratio for IINX's Suppliers
Inventory Turnover Ratio for IINX's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2022, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Mar 31 2022	Inventories at quarter ending Mar 31 2022
Creative Realities Inc	7.16	$ 14.175 Millions	$ 2 Millions
Dirtt Environmental Solutions Ltd	7.12	$ 133.037 Millions	$ 19 Millions
Aktis Oncology Inc	7.09	$ 16.248 Millions	$ 2 Millions
Imageware Systems Inc	7.08	$ 0.345 Millions	$ 0 Millions
Bonso Electronics International Inc.	7.00	$ 7.679 Millions	$ 1 Millions
Synaptics Incorporated	6.92	$ 756.600 Millions	$ 109 Millions
Vpr Brands Lp	6.90	$ 3.370 Millions	$ 0 Millions
Avid Technology Inc	6.89	$ 145.077 Millions	$ 21 Millions
Onespan Inc	6.79	$ 71.224 Millions	$ 10 Millions
Bnb Plus Corp	6.75	$ 7.613 Millions	$ 1 Millions
Par Technology Corporation	6.75	$ 236.160 Millions	$ 35 Millions
Mayville Engineering Company inc	6.66	$ 426.977 Millions	$ 64 Millions
Cts Corporation	6.66	$ 335.825 Millions	$ 50 Millions
Franklin Wireless Corp	6.62	$ 18.670 Millions	$ 3 Millions
Seagate Technology Holdings Plc	6.55	$ 8,451.000 Millions	$ 1,290 Millions
Hp inc	6.32	$ 52,111.000 Millions	$ 8,242 Millions
Teradyne Inc	6.20	$ 1,476.674 Millions	$ 238 Millions
Dna X Inc	6.15	$ 50.109 Millions	$ 8 Millions
Jabil Inc	6.13	$ 28,305.410 Millions	$ 4,617 Millions
Motorola Solutions inc	5.86	$ 4,253.000 Millions	$ 726 Millions
Methode Electronics Inc	5.83	$ 898.700 Millions	$ 154 Millions
Sanmina Corporation	5.82	$ 6,406.164 Millions	$ 1,101 Millions
Airspan Networks Holdings Inc	5.81	$ 99.816 Millions	$ 17 Millions
Cellebrite Di Ltd	5.78	$ 42.557 Millions	$ 7 Millions
Vertiv Holdings Co	5.70	$ 3,587.800 Millions	$ 630 Millions
Silicon Laboratories Inc	5.69	$ 307.365 Millions	$ 54 Millions
Inseego Corp	5.69	$ 193.486 Millions	$ 34 Millions
Crawford United Corp	5.61	$ 88.895 Millions	$ 16 Millions
Radnostix Inc	5.51	$ 4.223 Millions	$ 1 Millions
Airgain Inc	5.50	$ 39.552 Millions	$ 7 Millions

Date modified: 2026-08-29T17:34:55+00:00

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