CVD Equipment (CVD Equipment) Days Inventory

: 89.47 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). CVD Equipment's Average Total Inventories for the three months ended in Dec. 2023 was $4.37 Mil. CVD Equipment's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.46 Mil. Hence, CVD Equipment's Days Inventory for the three months ended in Dec. 2023 was 89.47.

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

CVV' s Days Inventory Range Over the Past 10 Years
Min: 32.06 Med: 47.25 Max: 103.51
Current: 69.92

During the past 13 years, CVD Equipment's highest Days Inventory was 103.51. The lowest was 32.06. And the median was 47.25.

CVV's Days Inventory is ranked better than
79.63% of 2906 companies
in the Industrial Products industry
Industry Median: 120.985 vs CVV: 69.92

CVD Equipment's Days Inventory increased from Dec. 2022 (40.73) to Dec. 2023 (89.47). It might indicate that CVD Equipment'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. CVD Equipment's Inventory Turnover for the three months ended in Dec. 2023 was 1.02.

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. CVD Equipment's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.06.

CVD Equipment Days Inventory Historical Data

The historical data trend for CVD Equipment'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.

CVD Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

38.69

36.84

32.06

35.79

67.03

CVD Equipment Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																40.73	38.91	86.16	83.06	89.47

Competitive Comparison

For the Specialty Industrial Machinery subindustry, CVD Equipment'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.

CVD Equipment Days Inventory Distribution

For the Industrial Products industry and Industrials sector, CVD Equipment's Days Inventory distribution charts can be found below:

* The bar in red indicates where CVD Equipment's Days Inventory falls into.

CVD Equipment Days Inventory Calculation

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

CVD Equipment'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
=	( (2.538	+	4.454)	/	2 )	/	19.038	*	365
=	3.496					/	19.038	*	365
=	67.03

CVD Equipment'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
=	( (4.29	+	4.454)	/	2 )	/	4.459	*	365 / 4
=	4.372					/	4.459	*	365 / 4
=	89.47

CVD Equipment (NAS:CVV) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.459	/	4.372
	=	1.02

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4.372	/	4.111
	=	1.06

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.

CVD Equipment Days Inventory Related Terms

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

CVD Equipment (CVD Equipment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CVD Equipment Corp (NAS:CVV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0V3:Germany

Address

355 South Technology Drive, Central Islip, NY, USA, 11722

Website

https://www.cvdequipment.com

CVD Equipment Corp is engaged in the manufacturing of chemical vapor deposition equipment, customized gas control systems, the manufacturing of process equipment suitable for the synthesis of a variety of one-dimensional nanostructures and nanomaterials and a line of furnaces, all of which are used to produce semiconductors and other electronic components. The company operates through the segments of CVD Equipment, CVD materials, and Stainless Design Concepts (SDC). It generates maximum revenue from the CVD Equipment segment. The CVD Equipment segment manufactures and sells chemical vapor deposition, physical vapor transport, and similar equipment.

Executives

Andrew Africk	10 percent owner
Ashraf Wagih Lotfi	director	C/O CVD EQUIPMENT CORPORATION, 355 S. TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
Lawrence Waldman	director	5115 ULMERTON RD., CLEARWATER FL 33770
Raymond A Nielsen	director	BRIDGE BANCORP INC, 2200 MONTAUK HIGHWAY, BRIDGEHAMPTON NY 11932
Gunther Conrad J Jr	director	249 JENNINGS ROAD, COLD SPRING HARBOR NY 11724
Debra Ann Wasser	director	C/O CVD EQUIPMENT CORPORATION, 355 S. TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
Brill Dr Robert M	director	NEW LIGHT MANAGEMENT LLC, 500 N BROADWAY SUITE 144, JERICHO NY 11753
Warren David Cheesman	officer: Vice President-Manufacturing	389 WOODBRIDGE ROAD, ROCKVILLE CENTRE NY 11570
Ada Partners, L.p.	10 percent owner	111 WEST 67TH STREET, 21ST FLOOR, NEW YORK NY 10023
Richard Andrew Catalano	officer: Chief Financial Officer	82 WHITEHALL BLVD, GARDEN CITY NY 11530
Maxim S. Shatalov	officer: Vice President-Engineering	94 CHESTNUT STREET, MOUNT SINAI NY 11766
Kevin Richard Collins	officer: VP & GM (SDC)	1117 OLD KINGS HIGHWAY, SAUGERTIES NY 12477
Emmanuel N Lakios	officer: President & CEO	355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722
Jeffrey Alan Brogan	officer: VP Sales & Marketing	3 SOUNDVIEW CT., STONY BROOK NY 11790
Leonard A Rosenbaum	director, officer: CEO, President	C/O CVD EQUIPMENT CORPORATION, 355 SOUTH TECHNOLOGY DRIVE, CENTRAL ISLIP NY 11722