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Ceragon Networks (Ceragon Networks) Days Inventory : 106.85 (As of Dec. 2023)


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What is Ceragon Networks Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ceragon Networks's Average Total Inventories for the three months ended in Dec. 2023 was $69.4 Mil. Ceragon Networks's Cost of Goods Sold for the three months ended in Dec. 2023 was $59.3 Mil. Hence, Ceragon Networks's Days Inventory for the three months ended in Dec. 2023 was 106.85.

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

CRNT' s Days Inventory Range Over the Past 10 Years
Min: 80.26   Med: 95.24   Max: 120.46
Current: 111.58

During the past 13 years, Ceragon Networks's highest Days Inventory was 120.46. The lowest was 80.26. And the median was 95.24.

CRNT's Days Inventory is ranked worse than
53.89% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs CRNT: 111.58

Ceragon Networks's Days Inventory declined from Dec. 2022 (121.88) to Dec. 2023 (106.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ceragon Networks's Inventory Turnover for the three months ended in Dec. 2023 was 0.85.

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. Ceragon Networks's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.77.


Ceragon Networks Days Inventory Historical Data

The historical data trend for Ceragon Networks'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.

Ceragon Networks Days Inventory Chart

Ceragon Networks 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 111.82 109.91 101.02 120.46 113.06

Ceragon Networks 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 121.88 116.27 111.68 110.40 106.85

Competitive Comparison of Ceragon Networks's Days Inventory

For the Communication Equipment subindustry, Ceragon Networks'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.


Ceragon Networks's Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where Ceragon Networks's Days Inventory falls into.



Ceragon Networks Days Inventory Calculation

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

Ceragon Networks'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
=( (72.009 + 68.811) / 2 ) / 227.31*365
=70.41 / 227.31*365
=113.06

Ceragon Networks'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
=( (70.05 + 68.811) / 2 ) / 59.296*365 / 4
=69.4305 / 59.296*365 / 4
=106.85

* 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.


Ceragon Networks  (NAS:CRNT) 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.

Ceragon Networks'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.

Ceragon Networks'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.


Ceragon Networks Days Inventory Related Terms

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


Ceragon Networks (Ceragon Networks) Business Description

Traded in Other Exchanges
Address
Building. A, 7th floor, Nitzba City, Plot 300, PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd offers wireless backhaul solutions. Its products comprise of FibeAir IP-20 Platform, FibeAir IP-20 Assured Platform, and Network Management. The company provides its services to wireless service providers, public safety organizations, government agencies and utility companies. The company's FibeAir IP-20 platform offers flexibility in choosing all-outdoor, split-mount and all-indoor configurations to suit any deployment scenario. Its products include short haul-access, short haul-aggregation, small cells, long haul, and enterprise access. Geographically, it derives majority revenue from India and also has a presence in North America, Europe, Africa, Asia-Pacific, and the Middle East and Latin America.