Days Inventory is also known as Days Sales of Inventory (DSI). Giga-Tronics's Average Total Inventories for the
three
months ended in Dec. 2023 was $6.86 Mil. Giga-Tronics's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $7.95 Mil.
Hence, Giga-Tronics's Days Inventory for the
three
months ended in Dec. 2023 was 78.72.
The historical rank and industry rank for Giga-Tronics's Days Inventory or its related term are showing as below:
GIGA'
s Days Inventory Range Over the Past 10 Years
Min: 89.09 Med: 91.48 Max: 99.72
Current: 97.52
During the past 3 years, Giga-Tronics's highest Days Inventory was 99.72. The lowest was 89.09. And the median was 91.48.
GIGA's Days Inventory is ranked better than 53.33% of 2406
companies
in the Hardware industry
Industry Median: 104.06
vs GIGA: 97.52
Giga-Tronics's Days Inventory
declined
from Dec. 2022 (121.46) to Dec. 2023 (78.72).
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.
Giga-Tronics's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.16.
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.
Giga-Tronics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.69.
Giga-Tronics Days Inventory Historical Data
The historical data trend for Giga-Tronics'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.
Giga-Tronics Annual Data
Trend
Dec21
Dec22
Dec23
Days Inventory
89.09
99.72
91.48
Giga-Tronics Quarterly Data
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
121.46
108.90
116.61
97.12
78.72
Competitive Comparison
For the Scientific & Technical Instruments subindustry, Giga-Tronics'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.
Giga-Tronics Days Inventory Distribution
For the Hardware industry and Technology sector, Giga-Tronics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Giga-Tronics's Days Inventory falls into.
Giga-Tronics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Giga-Tronics'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.
Giga-Tronics (OTCPK:GIGA) 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.
Giga-Tronics'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.
Giga-Tronics'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.
Giga-Tronics Days Inventory Related Terms
Thank you for viewing the detailed overview of Giga-Tronics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Giga-tronics Inc design, manufacture, and distribute specialized precision electronic solutions, automated test solutions, power electronics, supply and distribution solutions, display solutions and radio, microwave and millimeter wave communication systems and components for a variety of applications with a focus on the global defense industry for military airborne, sea and ground applications. The company has three segments namely Precision Electronic Solutions; Power Electronics and Display and RF Solutions. It generates maximum revenue from the Precision Electronic Solutions segment.
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