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Acorn Energy (Acorn Energy) Days Inventory : 141.80 (As of Dec. 2023)


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What is Acorn Energy Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Acorn Energy's Average Total Inventories for the three months ended in Dec. 2023 was $0.94 Mil. Acorn Energy's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.60 Mil. Hence, Acorn Energy's Days Inventory for the three months ended in Dec. 2023 was 141.80.

The historical rank and industry rank for Acorn Energy's Days Inventory or its related term are showing as below:

ACFN' s Days Inventory Range Over the Past 10 Years
Min: 25.17   Med: 52.18   Max: 155.5
Current: 151.58

During the past 13 years, Acorn Energy's highest Days Inventory was 155.50. The lowest was 25.17. And the median was 52.18.

ACFN's Days Inventory is ranked worse than
68.69% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs ACFN: 151.58

Acorn Energy's Days Inventory declined from Dec. 2022 (156.59) to Dec. 2023 (141.80).

Inventory Turnover measures how fast the company turns over its inventory within a year. Acorn Energy's Inventory Turnover for the three months ended in Dec. 2023 was 0.64.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Acorn Energy's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.42.


Acorn Energy Days Inventory Historical Data

The historical data trend for Acorn Energy's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acorn Energy Days Inventory Chart

Acorn Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.02 53.70 82.94 133.02 155.50

Acorn Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 156.59 167.85 151.80 145.46 141.80

Competitive Comparison of Acorn Energy's Days Inventory

For the Scientific & Technical Instruments subindustry, Acorn Energy's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Acorn Energy's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Acorn Energy's Days Inventory distribution charts can be found below:

* The bar in red indicates where Acorn Energy's Days Inventory falls into.



Acorn Energy Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Acorn Energy's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (0.789 + 0.962) / 2 ) / 2.055*365
=0.8755 / 2.055*365
=155.50

Acorn Energy's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.909 + 0.962) / 2 ) / 0.602*365 / 4
=0.9355 / 0.602*365 / 4
=141.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Acorn Energy  (OTCPK:ACFN) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Acorn Energy's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Acorn Energy's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Acorn Energy Days Inventory Related Terms

Thank you for viewing the detailed overview of Acorn Energy's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Acorn Energy (Acorn Energy) Business Description

Traded in Other Exchanges
N/A
Address
1000 N West Street, Suite 1200, Wilmington, DE, USA, 19801
Acorn Energy Inc is a holding company which focuses on technology-driven solutions for energy infrastructure asset management. It operates through two segments namely, the PG segment and the CP segment. PG segment provides wireless remote monitoring and control systems and services for critical assets as well as Internet of Things applications which account for majority of the revenue. CP segment is engaged in providing remote monitoring of cathodic protection systems on gas pipelines for gas utilities and pipeline companies.
Executives
Tracy Simmons Clifford officer: CFO 10 N. ADGER'S WHARF, CHARLESTON SC 29401
Jan H Loeb director, officer: President and CEO LEAP TIDE CAPITAL MANAGEMENT, 10451 MILL RUN CIRCLE SUITE 400, OWINGS MILLS MD 21117
Peter Rabover director C/O ARTKO CAPITAL LLC, 1091 E BAYAUD AVE, APT W2808, DENVER CO 80209
Gary Mohr director C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Leap Tide Capital Acorn Llc 10 percent owner 10451 MILL RUN CIRCLE, SUITE 400, OWINGS MILLS MD 21117
Walter Iv Czarnecki officer: OmniMetrix LLC President & CEO OMNIMETRIX, LLC, 4295 HAMILTON MILL ROAD, SUITE 100, BUFORD GA 30518
Michael Osterer director C/O UE SYSTEMS INC., 14 HAYES STREET, ELMSFORD NY 10532
Woolard Edgar S Jr director C/O NEW YORK STOCK EXCHANGE, INC., 11 WALL STREET, NEW YORK NY 10005
John A Moore officer: Chief Executive Officer 403 MARSH LANE, WILMINGTON DE 19807
Christopher E Clouser director C/O ACORN ENERGY, INC., 4 WEST ROCKLAND RD, MONTCHANIN DE 19710
Mannie L Jackson director ALFRED P SLOAN FOUNDATION, 630 FIFTH AVENUE SUITE 2550, NEW YORK NY 10111-0242
Mark A Bashforth officer: CEO and President of USSI C/O ACORN ENERGY, INC., 3903 CENTERVILLE ROAD, WILMINGTON DE 19807
Andy Sassine director 82 DEVONSHIRE STREET, BOSTON MA 02109
Mckee Robert E Iii director 14927 SANDALFOOT, HOUSTON TX 77095
Deena Redding officer: President of OmniMetrix, LLC OMNIMETRIX, LLC, 5225 BELLE WOOD COURT, BUFORD GA 30518

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