What is NVE Corporation's inventory turnover?

NVE Corporation (NVEC) reported inventory turnover of 0.8× in Q1 2026.

How has NVE Corporation's inventory turnover changed year-over-year?

NVE Corporation's inventory turnover increased by 32.9% year-over-year, from 0.6× to 0.8×.

What is the long-term trend for NVE Corporation's inventory turnover?

Over 5 years (2021 to 2026), NVE Corporation's inventory turnover has grown at a -6.2% compound annual growth rate (CAGR), from 1.1× to 0.8×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

NVE Corporation NVEC Inventory turnover

Inventory turnover at other companies

Analog DevicesADI

2.7×0.0×

Texas InstrumentsTXN

1.7×+0.1×

Honeywell InternationalHON

3.6×+0.3×

Allegro MicroSystems, Inc.ALGM

2.6×+0.3×

CTS CorporationCTS

6.1×+0.3×

Everspin TechnologiesMRAM

2.5×-0.1×

Other financials

Income statement

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Revenue$7.7M+5.3%

Gross profit$5.9M+3.4%

Operating income$4.7M+11.4%

Net income$4.9M+26.6%

EPS (diluted)$1.02+27.5%

Balance sheet

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Cash & equivalents$1.7M-78.7%

Total debt$905.5K-1.7%

Total equity$58.2M-6.5%

Total assets$60.4M-6.1%

Cash flow

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Operating cash flow$4.5M+80.7%

CapEx$9.0M-11.6%

Free cash flow$12.4M-0.8%

Valuation

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Market cap$456.24M+35.7%

Enterprise value$455.43M+38.4%

P/E30×+7.7×

P/S17.3×+4.3×

Profitability

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Gross margin78.7%-4.9pp

Operating margin60.5%-1.4pp

Net margin57.7%-0.5pp

FCF margin53.8%+0.7pp

Returns & leverage

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Return on equity25.2%+1.7pp

Debt / equity0×0.0×

Current ratio28.2×-0.2×

Where this comes from

Calculated from NVE Corporation’s reported figures.

total cost of revenue/inventories=0.8×

Based on trailing twelve months.

The official record: NVE Corporation’s 10-K, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is NVE Corporation's inventory turnover?: NVE Corporation (NVEC) reported inventory turnover of 0.8× in Q1 2026.
How has NVE Corporation's inventory turnover changed year-over-year?: NVE Corporation's inventory turnover increased by 32.9% year-over-year, from 0.6× to 0.8×.
What is the long-term trend for NVE Corporation's inventory turnover?: Over 5 years (2021 to 2026), NVE Corporation's inventory turnover has grown at a -6.2% compound annual growth rate (CAGR), from 1.1× to 0.8×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.