Days Inventory is also known as Days Sales of Inventory (DSI). Avantax's Average Total Inventories for the
three
months ended in Sep. 2023 was $0.0 Mil. Avantax's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $117.7 Mil.
Hence, Avantax's Days Inventory for the
three
months ended in Sep. 2023 was 0.00.
The historical rank and industry rank for Avantax's Days Inventory or its related term are showing as below:
During the past 13 years, Avantax's highest Days Inventory was 751.86. The lowest was 403.56. And the median was 577.71.
AVTA's Days Inventory is not ranked *
in the Asset Management industry.
Industry Median: 75.96 * Ranked among companies with meaningful Days Inventory only.
Avantax's Days Inventory
stayed the same
from Sep. 2022 (0.00) to Sep. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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.
Avantax's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.00.
Avantax Days Inventory Historical Data
The historical data trend for Avantax'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 Avantax's Days Inventory
For the Asset Management subindustry, Avantax'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.
Avantax's Days Inventory Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Avantax's Days Inventory distribution charts can be found below:
* The bar in red indicates where Avantax's Days Inventory falls into.
Avantax Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Avantax's Days Inventory for the fiscal year that ended in Dec. 2022 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.
Avantax (NAS:AVTA) 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.
Avantax's Inventory Turnover for the
three
months ended in Sep. 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.
Avantax's Inventory to Revenue for the
three
months 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.
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.
Avantax Days Inventory Related Terms
Thank you for viewing the detailed overview of Avantax's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Avantax Inc is a provider of integrated tax-focused wealth management services and software, assisting consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms. The firm has two distinct models in business: the independent Financial Professional model and the employee-based model. It refers to the independent Financial Professional model as Avantax Wealth Management offering services through its registered broker-dealer, registered investment advisor (RIA), and insurance agency subsidiaries. The employee-based model refers to Avantax Planning Partners offering services through its RIA and insurance agency by partnering with CPA firms to provide their consumer and small-business clients with financial planning and advisory services.
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