Days Inventory is also known as Days Sales of Inventory (DSI). Faro Technologies's Average Total Inventories for the
three
months ended in Dec. 2023 was $37.3 Mil. Faro Technologies's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $48.6 Mil.
Hence, Faro Technologies's Days Inventory for the
three
months ended in Dec. 2023 was 70.12.
The historical rank and industry rank for Faro Technologies's Days Inventory or its related term are showing as below:
FARO'
s Days Inventory Range Over the Past 10 Years
Min: 79.61 Med: 119.05 Max: 134.34
Current: 81.76
During the past 13 years, Faro Technologies's highest Days Inventory was 134.34. The lowest was 79.61. And the median was 119.05.
FARO's Days Inventory is ranked better than 62.93% of 2406
companies
in the Hardware industry
Industry Median: 103.87
vs FARO: 81.76
Faro Technologies's Days Inventory
declined
from Dec. 2022 (87.22) to Dec. 2023 (70.12).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Faro Technologies's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.30.
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.
Faro Technologies's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.38.
Faro Technologies Days Inventory Historical Data
The historical data trend for Faro 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.
For the Scientific & Technical Instruments subindustry, Faro 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.
Faro Technologies Days Inventory Distribution
For the Hardware industry and Technology sector, Faro Technologies's Days Inventory distribution charts can be found below:
* The bar in red indicates where Faro Technologies's Days Inventory falls into.
Faro Technologies Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Faro Technologies's Days Inventory for the fiscal year that 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.
Faro Technologies (NAS:FARO) 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.
Faro Technologies'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.
Faro Technologies'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.
Faro Technologies Days Inventory Related Terms
Thank you for viewing the detailed overview of Faro Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Faro Technologies (Faro Technologies) Business Description
Faro Technologies Inc is a global technology company. It designs, develops, manufactures, markets and supports software-driven, three-dimensional (3-D) measurement, imaging, and realization solutions for the 3D metrology, architecture, engineering and construction (AEC), Operations and Maintenance (O&M) and public safety analytics markets. The company enables its customers to capture, measure, manipulate, interact with and share 3D and 2D data from the physical world in a virtual environment and then translate the information back into the physical domain. FARO suite of 3D products and software solutions are used for the inspection of components and assemblies, rapid prototyping, reverse engineering, documenting large volumes or structures in 3D, surveying, and construction.
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