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Ciena CIEN Inventory turnover

Inventory turnover at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
5.7×-0.8×
Keysight Technologies logo
Keysight TechnologiesKEYS
2.1×+0.3×
Celestica logo
CelesticaCLS
5.4×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
2.5×-0.2×
Coherent logo
CoherentCOHR
2.4×-0.4×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
4.3×+1.4×

Other financials

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.6%

Valuation

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Market cap$61.82B+716%
Enterprise value$62.35B+668%
P/E141×+68.8×
P/S11.1×+9.3×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Where this comes from

Calculated from Ciena’s reported figures.

Based on trailing twelve months.

The official record: Ciena’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's inventory turnover?
Ciena (CIEN) reported inventory turnover of 3.2× in Q1 2026.
How has Ciena's inventory turnover changed year-over-year?
Ciena's inventory turnover increased by 35.8% year-over-year, from 2.4× to 3.2×.
What is the long-term trend for Ciena's inventory turnover?
Over 4 years (2021 to 2025), Ciena's inventory turnover has grown at a -12.8% compound annual growth rate (CAGR), from 17.9× to 10.3×.
What does inventory turnover mean?
How many times a year the company sells through and restocks its inventory.
How do you interpret inventory turnover?
Higher turnover ties up less cash in stock and reduces obsolescence risk, but too high can signal stock-outs and lost sales. Read against peers and the company's own history.
How does inventory turnover compare across companies?
Only meaningful for businesses that carry inventory; automatically null for asset-light and financial firms with no inventory line.