Days Inventory is also known as Days Sales of Inventory (DSI). API Technologies's Average Total Inventories for the
three
months ended in Feb. 2016 was $64.6 Mil. API Technologies's Cost of Goods Sold for the
three
months ended in Feb. 2016 was $40.6 Mil.
Hence, API Technologies's Days Inventory for the
three
months ended in Feb. 2016 was 145.26.
The historical rank and industry rank for API Technologies's Days Inventory or its related term are showing as below:
ATNY's Days Inventory is not ranked *
in the Semiconductors industry.
Industry Median: 131.06 * Ranked among companies with meaningful Days Inventory only.
API Technologies's Days Inventory
increased
from Feb. 2015 (135.97) to Feb. 2016 (145.26).
It might indicate that API Technologies's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
API Technologies's Inventory Turnover for the
three
months ended in Feb. 2016 was 0.63.
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.
API Technologies's Inventory-to-Revenue for the
three
months ended in Feb. 2016 was 1.19.
API Technologies Days Inventory Historical Data
The historical data trend for API Technologies'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.
Competitive Comparison of API Technologies's Days Inventory
For the Semiconductors subindustry, API Technologies'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.
API Technologies's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, API Technologies's Days Inventory distribution charts can be found below:
* The bar in red indicates where API Technologies's Days Inventory falls into.
API Technologies Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
API Technologies's Days Inventory for the fiscal year that ended in Nov. 2015 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.
API Technologies (NAS:ATNY) 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.
API Technologies's Inventory Turnover for the
three
months ended in Feb. 2016 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.
API Technologies's Inventory to Revenue for the
three
months ended in Feb. 2016 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.
API Technologies Days Inventory Related Terms
Thank you for viewing the detailed overview of API Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
API Technologies (API Technologies) Business Description
API Technologies Corp was incorporated on February 2, 1999 under the laws of the State of Delaware under the name Rubicon Ventures Inc. On November 6, 2006, API changed its name to "API Nanotronics Corp," and subsequently changed its name to API Technologies Corp. on October 22, 2009. The Company through its three business segments-Systems, Subsystems & Components, Electronic Manufacturing Services and Secure Systems & Information Assurance. It designs, develops and manufactures systems, subsystems, RF and secure solutions, as well as provides electronics manufacturing and high-quality engineering services for technically demanding, high-reliability applications. Solutions areas include systems, subsystems and components which includes RF/microwave and microelectronics products, electromagnetics, power and systems solutions products, and sensors, Secure Systems and Information Assurance includes TEMPEST and emanation security, rugged communications products, encryption, and secure networking products and Electronics Manufacturing Services, which involves the production of circuit card assemblies, electromechanical assemblies, and box builds used in defense, industrial and commercial applications. The Company also operates several manufacturing facilities throughout North America, the United Kingdom, Mexico and China. Its customer base spans defense, aerospace, industrial, communications, medical, and government agencies, including the governments of the United States, Canada, the United Kingdom, & other countries. The Company is subject to federal contracting laws and regulations, including the U.S. Federal Acquisition Regulation (FAR) and the False Claims Act.
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