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Iridium Communications Inc   (IRDM)
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    Sector  Technology    Industry Communications Equipment
 

Iridium Communications Inc Inventory Turnover Ratio (COS)

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

Due to inventory build up in the forth quarter 2023, Iridium Communications Inc 's inventory turnover ratio sequentially decreased to 2.49 in the fourth quarter 2023, unsurprisingly, as the Iridium Communications Inc markets continue to deteriorate, and IRDM's faces growing challenges to bring down its inventories. Iridium Communications Inc 's average inventory processing period in the Dec 31 2023 quarter, has increased to 147 days, from 129 days, in the Sep 30 2023 quarter.

Within Technology sector 128 other companies have achieved higher inventory turnover ratio. While inventory turnover ranking remained unchanged in the Forth Quarter 2023 compared to previous quarter at no. 58.

IRDM Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Iridium Communications Inc Market Share?

What is Inventory Turnover Ratio?


IRDM Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth 129.12 % 81.37 % 100.63 % 32.2 % 36.95 %
Y / Y Cost of Sales Growth 44.47 % 20.41 % 39.94 % 51.9 % 24.19 %
Inventory Turnover Ratio (TTM) 2.49 2.84 3.2 3.54 3.41
IRDM's Total Ranking # 58 # 58 # 58 # 776 # 1095
Average inventory processing period 147 129 114 103 107
Seq. Inventory Growth 28.11 % 27.57 % 49.36 % -6.14 % 1.41 %
Seq. Cost of Sales Growth 9.39 % 16.83 % -3.2 % 16.8 % -8.83 %



Inventory Turnover Ratio Company Ranking
Within: No.
Communications Equipment Industry # 8
Technology Sector # 129
Overall Market # 58

Inventory Turnover Ratio Statistics
High Average Low
6.74 4.01 2.05
(Mar 31 2018)   (March 31, 2014)




Financial Statements
Iridium Communications Inc 's Inventories $ 91 Millions Visit IRDM's Balance sheet
Iridium Communications Inc 's Cost of Revenues TTM $ 159 Millions Visit IRDM's Income Statement
What are IRDM's Sales? Visit IRDM's Sales by Segment

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

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



Companies with similar Inventory Turnover Ratio for the quarter ending Dec 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Faro Technologies Inc   4.62 $ 193.000  Millions$ 42  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
Diebold Nixdorf Incorporated  4.25 $ 2,703.400  Millions$ 636  Millions
Key Tronic Corporation  4.20 $ 569.546  Millions$ 136  Millions
Gilat Satellite Networks Ltd  4.18 $ 161.145  Millions$ 39  Millions
Super Micro Computer Inc   4.12 $ 7,734.632  Millions$ 1,876  Millions
Synopsys Inc   4.06 $ 1,266.646  Millions$ 312  Millions
Amphenol Corporation  4.05 $ 8,470.000  Millions$ 2,092  Millions
Comtech Telecommunications Corp  4.04 $ 388.453  Millions$ 96  Millions
Geospace Technologies Corp  3.90 $ 78.425  Millions$ 20  Millions
Cemtrex Inc   3.86 $ 32.663  Millions$ 8  Millions
Rockwell Automation Inc   3.85 $ 5,431.100  Millions$ 1,411  Millions
Smart Global Holdings Inc   3.85 $ 869.932  Millions$ 226  Millions
Vishay Intertechnology Inc   3.81 $ 2,427.552  Millions$ 638  Millions
Trimas Corporation  3.80 $ 692.230  Millions$ 182  Millions
Ametek inc   3.79 $ 4,212.485  Millions$ 1,111  Millions
Eastman Kodak Co  3.78 $ 907.000  Millions$ 240  Millions
Flex Ltd   3.70 $ 26,838.000  Millions$ 7,259  Millions
Viavi Solutions Inc   3.65 $ 429.100  Millions$ 118  Millions
Kimball Electronics Inc   3.57 $ 1,677.000  Millions$ 469  Millions
Formfactor inc   3.51 $ 404.000  Millions$ 115  Millions
Nvidia Corp  3.50 $ 16,621.000  Millions$ 4,748  Millions
Mobileye Global inc   3.50 $ 1,032.000  Millions$ 295  Millions
Logitech International S a   3.48 $ 1,945.936  Millions$ 559  Millions
Stmicroelectronics N v   3.34 $ 8,999.000  Millions$ 2,698  Millions
Ceragon Networks Ltd   3.30 $ 227.310  Millions$ 69  Millions
Danaher Corporation  3.24 $ 9,856.000  Millions$ 3,046  Millions
Corning Inc  3.16 $ 8,657.000  Millions$ 2,735  Millions

Date modified: 2024-02-15T16:05:39+00:00



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