Inrad Optics Inventory Turnover Ratio (COS)

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

Due to inventory build up in the first quarter 2024, Inrad Optics's inventory turnover ratio sequentially decreased to 2.54 in the first quarter 2024, unsurprisingly, as the Inrad Optics markets continue to deteriorate, and PHPG's faces growing challenges to bring down its inventories. Inrad Optics's average inventory processing period in the Mar 31 2024 quarter, has increased to 144 days, from 137 days, in the Dec 31 2023 quarter.

Within Technology sector 106 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form in the fourth quarter 2023, to 807.

PHPG Inventory Turnover Ratio using Sales Formula
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PHPG Inventory Turnover Ratio	(Mar 31 2024) I. Quarter	(Dec 31 2023) IV. Quarter	(Sep 30 2023) III. Quarter	(Jun 30 2023) II. Quarter	(Mar 31 2023) I. Quarter
Y / Y Inventory Growth	12.56 %	11.42 %	0.98 %	-4.54 %	4.24 %
Y / Y Cost of Sales Growth	-6.51 %	-11.76 %	0.21 %	-	-20.41 %
Inventory Turnover Ratio (TTM)	2.54	2.67	2.83	2.83	2.01
PHPG's Total Ranking	# 807	#	#	#	#
Average inventory processing period	143	137	129	129	182
Seq. Inventory Growth	7.37 %	3.36 %	9.69 %	-7.53 %	6.28 %
Seq. Cost of Sales Growth	-4.5 %	2.62 %	-21.2 %	21.06 %	-9.86 %

Inventory Turnover Ratio Company Ranking
Within:	No.
Scientific & Technical Instruments Industry	# 3
Technology Sector	# 107
Overall Market	# 807

Inventory Turnover Ratio Statistics
High	Average	Low
2.67	2.67	2.67
(Dec 31 2011)

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

Financial Statements
Inrad Optics's Inventories	$ 3 Millions	Visit PHPG's Balance sheet
Inrad Optics's Cost of Revenues TTM	$ 8 Millions	Visit PHPG's Income Statement
What are PHPG's Sales?		Visit PHPG's Sales by Segment

Other Inventory Turnover Ratios
Inrad Optics's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Scientific & Technical Instruments Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
PHPG's Inventory Turnover Ratio versus Scientific & Technical Instruments Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for PHPG's Competitors
Inventory Turnover Ratio for PHPG's Suppliers
Inventory Turnover Ratio for PHPG's Customers

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

Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Technology Sector	Inventory Turnover Ratio	Cost of revenues at quarter ending Mar 31 2024	Inventories at quarter ending Mar 31 2024
Vpr Brands Lp	6.02	$ 3.501 Millions	$ 1 Millions
BioScience Health Innovations, Inc.	5.89	$ 0.151 Millions	$ 0 Millions
Rekor Systems Inc	5.84	$ 18.916 Millions	$ 3 Millions
Hp inc	5.81	$ 41,281.000 Millions	$ 7,108 Millions
Logitech International s a	5.78	$ 2,520.446 Millions	$ 436 Millions
Cisco Systems Inc	5.69	$ 19,567.000 Millions	$ 3,437 Millions
Inseego Corp	5.64	$ 132.304 Millions	$ 23 Millions
Cts Corporation	5.63	$ 345.881 Millions	$ 61 Millions
Bio Key International Inc	5.61	$ 7.803 Millions	$ 1 Millions
Motorola Solutions inc	5.57	$ 5,080.000 Millions	$ 912 Millions
Omnicell inc	5.54	$ 637.400 Millions	$ 115 Millions
Jabil Inc	5.50	$ 29,219.000 Millions	$ 5,309 Millions
Itron Inc	5.45	$ 1,518.750 Millions	$ 279 Millions
Beam Global	5.37	$ 66.144 Millions	$ 12 Millions
Magnachip Semiconductor Corporation	5.36	$ 170.579 Millions	$ 32 Millions
Crawford United Corp	5.31	$ 104.082 Millions	$ 20 Millions
Methode Electronics Inc	5.30	$ 935.000 Millions	$ 176 Millions
Taoweave Inc	5.28	$ 2.355 Millions	$ 0 Millions
Ribbon Communications inc	5.28	$ 399.841 Millions	$ 76 Millions
Nortech Systems Incorporated	5.26	$ 114.596 Millions	$ 22 Millions
Shoals Technologies Group Inc	5.25	$ 317.171 Millions	$ 60 Millions
Aktis Oncology Inc	5.20	$ 31.621 Millions	$ 6 Millions
Enphase Energy Inc	5.14	$ 979.355 Millions	$ 190 Millions
Fabrinet	5.05	$ 2,439.613 Millions	$ 483 Millions
Knightscope inc	5.03	$ 13.883 Millions	$ 3 Millions
Gopro Inc	5.02	$ 662.099 Millions	$ 132 Millions
Onespan Inc	5.01	$ 75.952 Millions	$ 15 Millions
Sanmina Corporation	5.01	$ 7,293.664 Millions	$ 1,457 Millions
Faro Technologies Inc	4.96	$ 187.749 Millions	$ 38 Millions
Vertiv Holdings Co	4.86	$ 4,509.800 Millions	$ 928 Millions

Date modified: 2026-09-08T15:22:17+00:00

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