Days Inventory is also known as Days Sales of Inventory (DSI). Clearfield's Average Total Inventories for the
three
months ended in Dec. 2023 was $96.3 Mil. Clearfield's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $29.5 Mil.
Hence, Clearfield's Days Inventory for the
three
months ended in Dec. 2023 was 297.65.
The historical rank and industry rank for Clearfield's Days Inventory or its related term are showing as below:
CLFD'
s Days Inventory Range Over the Past 10 Years
Min: 60.11 Med: 71.34 Max: 226.03
Current: 226.03
During the past 13 years, Clearfield's highest Days Inventory was 226.03. The lowest was 60.11. And the median was 71.34.
CLFD's Days Inventory is ranked worse than 84.32% of 2404
companies
in the Hardware industry
Industry Median: 104.035
vs CLFD: 226.03
Clearfield's Days Inventory
increased
from Dec. 2022 (141.85) to Dec. 2023 (297.65).
It might indicate that Clearfield's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Clearfield's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.31.
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.
Clearfield's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.81.
Clearfield Days Inventory Historical Data
The historical data trend for Clearfield'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.
Clearfield Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Days Inventory
66.46
77.49
96.17
126.80
179.34
Clearfield Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
141.85
180.19
222.49
245.80
297.65
Competitive Comparison
For the Communication Equipment subindustry, Clearfield'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.
Clearfield Days Inventory Distribution
For the Hardware industry and Technology sector, Clearfield's Days Inventory distribution charts can be found below:
* The bar in red indicates where Clearfield's Days Inventory falls into.
Clearfield Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Clearfield's Days Inventory for the fiscal year that ended in Sep. 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.
Clearfield (NAS:CLFD) 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.
Clearfield'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.
Clearfield'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.
Clearfield Days Inventory Related Terms
Thank you for viewing the detailed overview of Clearfield's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Clearfield Inc mainly designs, manufactures, and distributes fiber protection, fiber management and fiber delivery solutions for communications networks. It provides a range of products including copper assemblies, cassettes, box enclosures, fiber connectors, frames, microduct, terminals, vaults, pedestal inserts, FieldSmart, WaveSmart, and CraftSmart. The company has a global presence with the majority of the revenue derived from the United States. The company has two reportable segments namely Clearfield segment and Nestor cables segment. The majority of revenue is derived from Clearfield segment.
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