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Verint Systems Inc  (VRNT)
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Verint Systems Inc Inventory Turnover Ratio (COS)

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

Verint Systems Inc's inventory turnover ratio, the ratio that measures Verint Systems Inc's ability to manage its supply chain, sequentially decreased to 22.49 in the third quarter 2023, which does not come as a surprise, as the Verint Systems Inc continue to experience headwinds, which also impact its supply chain. Verint Systems Inc's average inventory processing period in the Oct 31 2023 quarter, has increased to 16 days, from 14 days, in the Apr 30 2023 quarter.

Within Technology sector 26 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 170 in the first quarter 2024, to 187.

VRNT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Verint Systems Inc Market Share?

What is Inventory Turnover Ratio?


VRNT Inventory Turnover Ratio (Oct 31 2023)
III. Quarter
(Apr 30 2023)
I. Quarter
(Jan 31 2023)
IV. Quarter
(Oct 31 2022)
III. Quarter
(Jul 31 2022)
II. Quarter
Y / Y Inventory Growth 98.9 % 159.39 % 136.61 % 84.22 % 20.87 %
Y / Y Cost of Sales Growth -13.45 % -10.86 % -61.56 % -2.34 % 3.5 %
Inventory Turnover Ratio (TTM) 22.49 26.78 34.1 60.71 73.87
VRNT's Total Ranking # 187 # 170 # 141 # 63 #
Average inventory processing period 16 14 11 6 5
Seq. Inventory Growth -3.77 % 7.32 % 19.01 % 61.83 % 25.49 %
Seq. Cost of Sales Growth -4.97 % -10.39 % 8.44 % -6.27 % -2.12 %



Inventory Turnover Ratio Company Ranking
Within: No.
Cloud Computing & Data Analytics Industry # 10
Technology Sector # 27
Overall Market # 187

Inventory Turnover Ratio Statistics
High Average Low
77.25 27.57 17.27
(Apr 30 2022)   (Oct 31 2019)




Financial Statements
Verint Systems Inc's Inventories $ 13 Millions Visit VRNT's Balance sheet
Verint Systems Inc's Cost of Revenues TTM $ 280 Millions Visit VRNT's Income Statement
What are VRNT's Sales? Visit VRNT's Sales by Segment

Other Inventory Turnover Ratios
Verint Systems Inc's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Cloud Computing & Data Analytics Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
VRNT's Inventory Turnover Ratio versus Cloud Computing & Data Analytics Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for VRNT's Competitors
Inventory Turnover Ratio for VRNT's Suppliers
Inventory Turnover Ratio for VRNT's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Oct 31 2023, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending Oct 31 2023 Inventories at quarter ending Oct 31 2023
Alphabet Inc   51.55 $ 131,099.000  Millions$ 2,543  Millions
Telos Corporation  51.14 $ 92.785  Millions$ 2  Millions
Datasea Inc   50.54 $ 12.496  Millions$ 0  Millions
Cargurus Inc   46.52 $ 356.685  Millions$ 8  Millions
Leidos Holdings Inc   43.57 $ 12,985.000  Millions$ 298  Millions
Presto Automation inc   39.71 $ 21.773  Millions$ 1  Millions
Grom Social Enterprises Inc   36.57 $ 2.938  Millions$ 0  Millions
Tucows Inc  35.94 $ 264.268  Millions$ 7  Millions
Apple Inc   30.61 $ 214,137.000  Millions$ 6,996  Millions
Toast Inc   26.53 $ 2,832.000  Millions$ 107  Millions
Microsoft Corporation  23.50 $ 66,713.000  Millions$ 2,839  Millions
Verint Systems Inc  22.49 $ 280.135  Millions$ 12  Millions
Onfolio Holdings Inc   22.16 $ 2.371  Millions$ 0  Millions
Decisionpoint Systems Inc   20.76 $ 81.945  Millions$ 4  Millions
Golden Matrix Group Inc   20.44 $ 34.305  Millions$ 2  Millions
Applied Dna Sciences inc   19.32 $ 7.000  Millions$ 0  Millions
Track Group Inc   17.67 $ 19.000  Millions$ 1  Millions
Dell Technologies Inc   17.65 $ 69,528.000  Millions$ 3,939  Millions
International Business Machines Corporation  17.06 $ 27,504.000  Millions$ 1,613  Millions
Powerdyne International Inc   15.94 $ 1.129  Millions$ 0  Millions
Roper Technologies Inc   14.54 $ 1,696.800  Millions$ 117  Millions
Ftc Solar Inc   14.48 $ 123.993  Millions$ 9  Millions
Midwest Energy Emissions Corp   14.30 $ 12.907  Millions$ 1  Millions
Pure Storage Inc   14.10 $ 690.000  Millions$ 49  Millions
Neogenomics Inc   13.93 $ 340.286  Millions$ 24  Millions
Skywater Technology Inc   13.82 $ 208.784  Millions$ 15  Millions
Netapp Inc   12.90 $ 1,919.000  Millions$ 149  Millions
F5 Inc   12.36 $ 593.000  Millions$ 48  Millions
Iveda Solutions Inc   12.35 $ 5.272  Millions$ 0  Millions
Franklin Covey Co   12.30 $ 48.381  Millions$ 4  Millions

Date modified: 2023-12-07T15:15:54+00:00



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