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  "documentTitle": "Sonos | Results Presentation Deck | 41 slides",
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  "presentationDate": "2022-11-01 00:00:00",
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  "notes": "The table provides year-over-year and quarter-over-quarter percentage changes for inventory categories.",
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      "text": "We have adjusted our purchase orders/manufacturing commits and expect to be in a more normal inventory position exiting 1Q23",
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      "text": "Inventory balances remain elevated relative to historical levels, driven by both finished goods and components. Finished goods largely driven by unit growth, reflects investments made in inventory in response to persistent supply chain disruption, as well as slower demand relative to expectations in 2H22. Component balance growth also driven by supply chain disruption as well as costly spot market purchases, which we expect to rely less on going forward.",
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      "text": "Note: $ in millions (unless noted), unaudited. Percentages have been calculated using actual, non-rounded figures and, therefore, may not recalculate precisely.",
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