Days Inventory is also known as Days Sales of Inventory (DSI). Ikonics's Average Total Inventories for the
three
months ended in Sep. 2021 was $1.63 Mil. Ikonics's Cost of Goods Sold for the
three
months ended in Sep. 2021 was $3.16 Mil.
Hence, Ikonics's Days Inventory for the
three
months ended in Sep. 2021 was 47.03.
The historical rank and industry rank for Ikonics's Days Inventory or its related term are showing as below:
IKNX's Days Inventory is not ranked *
in the Chemicals industry.
Industry Median: 83.25 * Ranked among companies with meaningful Days Inventory only.
Ikonics's Days Inventory
declined
from Sep. 2020 (97.63) to Sep. 2021 (47.03).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ikonics's Inventory Turnover for the
three
months ended in Sep. 2021 was 1.94.
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.
Ikonics's Inventory-to-Revenue for the
three
months ended in Sep. 2021 was 0.34.
Ikonics Days Inventory Historical Data
The historical data trend for Ikonics'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 Ikonics's Days Inventory
For the Specialty Chemicals subindustry, Ikonics'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.
Ikonics's Days Inventory Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Ikonics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ikonics's Days Inventory falls into.
Ikonics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ikonics's Days Inventory for the fiscal year that ended in Dec. 2020 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.
Ikonics (NAS:IKNX) 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.
Ikonics's Inventory Turnover for the
three
months ended in Sep. 2021 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.
Ikonics's Inventory to Revenue for the
three
months ended in Sep. 2021 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.
Ikonics Days Inventory Related Terms
Thank you for viewing the detailed overview of Ikonics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ikonics Corp is engaged in the development, manufacturing, and selling of photosensitive liquids and films for the screen printing, awards and recognition industries. It has four segments. Chromaline, which is the key revenue driver, sells screen printing film, emulsions, and inkjet receptive film primarily to distributors and some end users. IKONICS Imaging sells photo resistant film, art supplies, glass, and related abrasive etching equipment. Advanced Material Solutions provides sound deadening and weight reduction technology to the aerospace industry and products for etched composites, ceramics, glass, and silicon wafers. Digital Texturing Technology includes products related to patented and proprietary inkjet technology used for mold texturing and prototyping.
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