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  "documentTitle": "Sonos | Results Presentation Deck | 33 slides",
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  "authorName": "Sonos",
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  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-02-01 00:00:00",
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  "density": "dense",
  "nDataPoints": 27,
  "notes": "The slide provides a breakdown of inventory levels and year-over-year/quarter-over-quarter changes.",
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  "slideHref": "/slides/019de074-6863-74c0-8c56-2058085d88ba/8",
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  "deckAnchorHref": "/decks/019de074-6863-74c0-8c56-2058085d88ba#slide-8",
  "components": [
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      "kind": "disclaimer",
      "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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      "text": "As discussed on our 4Q22 call, we exited 1Q23 with a more normal inventory position, with total inventory balances down -33% q/q. Sequential decline in total inventories due to strong sales performance in 1Q23. Finished goods inventory declined by $146M q/q, -36%. Components balance remains elevated relative to historical levels due to lead time between lower run-rate demand observed in 2H22 and resulting adjustments made to sourcing plan.",
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      "text": "Inventory balance table showing 1Q22, 4Q22, 1Q23 data for Finished goods, Components, and Total Inventories with % y/y and % q/q metrics.",
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      "kind": "title",
      "text": "Normalization of Inventory Balances",
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      "name": "Cost Of Inaction",
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      "objective": "What is the cost of not investing in product roadmap and category expansion?",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
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