Mellanox Technologies (Mellanox Technologies) Days Inventory : 76.21 (As of Mar. 2020)

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What is Mellanox Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mellanox Technologies's Average Total Inventories for the three months ended in Mar. 2020 was $119 Mil. Mellanox Technologies's Cost of Goods Sold for the three months ended in Mar. 2020 was $143 Mil. Hence, Mellanox Technologies's Days Inventory for the three months ended in Mar. 2020 was 76.21.

The historical rank and industry rank for Mellanox Technologies's Days Inventory or its related term are showing as below:

MLNX's Days Inventory is not ranked ^*
in the Semiconductors industry.
Industry Median: 131.06
* Ranked among companies with meaningful Days Inventory only.

Mellanox Technologies's Days Inventory declined from Mar. 2019 (84.44) to Mar. 2020 (76.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Mellanox Technologies's Inventory Turnover for the three months ended in Mar. 2020 was 1.20.

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. Mellanox Technologies's Inventory-to-Revenue for the three months ended in Mar. 2020 was 0.28.

Mellanox Technologies Days Inventory Historical Data

The historical data trend for Mellanox 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.

* Premium members only.

Mellanox Technologies Days Inventory Chart

Mellanox Technologies Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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103.15

77.35

79.07

79.39

79.59

Mellanox Technologies Quarterly Data
	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20
Days Inventory	Get a 7-Day Free Trial															84.44	76.84	67.66	65.07	76.21

Competitive Comparison of Mellanox Technologies's Days Inventory

For the Semiconductors subindustry, Mellanox 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.

Mellanox Technologies's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mellanox Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mellanox Technologies's Days Inventory falls into.

Mellanox Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Mellanox Technologies's Days Inventory for the fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (104.381	+	98.03)	/	2 )	/	464.125	*	365
=	101.2055					/	464.125	*	365
=	79.59

Mellanox Technologies's Days Inventory for the quarter that ended in Mar. 2020 is calculated as:

	Days Inventory (Q: Mar. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2019 )	+	Total Inventories (Q: Mar. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2020 )	*	Days in Period
=	( (98.03	+	140.08)	/	2 )	/	142.55	*	365 / 4
=	119.055					/	142.55	*	365 / 4
=	76.21

Mellanox Technologies (NAS:MLNX) 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.

Mellanox Technologies's Inventory Turnover for the three months ended in Mar. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	142.55	/	119.055
	=	1.20

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.

Mellanox Technologies's Inventory to Revenue for the three months ended in Mar. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	119.055	/	428.746
	=	0.28

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.

Mellanox Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Mellanox Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Mellanox Technologies (Mellanox Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Mellanox Technologies Ltd (NAS:MLNX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beit Mellanox, Yokneam, ISR, 20692

Website

http://www.mellanox.com

Mellanox Technologies Ltd is engaged in the development, manufacturing, marketing and sales of end-to-end Ethernet and InfiniBand intelligent interconnect solutions and services for servers, storage, and hyper-converged infrastructure. The company offers integrated circuits, adapter cards, switch systems, cables, modules, software, services, and accessories. The company supplies its products mainly to the storage and communications infrastructure equipment vendors. The company operates its business mainly in United States, Europe, China, Japan, India, Taiwan and Australia.

Executives

David Perlmutter	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Amal M Johnson	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Glenda Dorchak	director	C/O MELLANOX TECHNOLOGIES, INC., 350 OAKMEAD PARKWAY, SUITE 100, SUNNYVALE CA 94085
Steve Sanghi	director	2355 W CHANDLER BLVD, CHANDLER AZ 85224-6199
Gregory L Waters	director	ONSEMI C/O H. SPENCER, 5701 NORTH PIMA ROAD, SCOTTSDALE AZ 85250
Irwin Federman	director	2735 SAND HILL ROAD, MENLO PARK CA 94025
Jon A Olson	director	2100 LOGIC DRIVE, SAN JOSE CA 95124
Jack R Lazar	director	400 W. CESAR CHAVEZ, ATTN: STOCK ADMINISTRATION, AUSTIN TX 78701
Umesh Padval	director	BESSEMER VENTURE PARTNERS, 535 MIDDLEFIELD ROAD, SUITE 245, MENLO PARK CA 94025
Clifton Thomas Weatherford	director	1001 E. HILLSDALE BOULEVARD, SUITE 800, FOSTER CITY CA 94404
Mark R Mitchell	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity C Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value & Opportunity S Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Value R Lp	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017
Starboard Principal Co Gp Llc	10 percent owner, other: See Footnote 2	777 THIRD AVENUE, 18TH FLOOR, NEW YORK NY 10017