ORBCOMM (ORBCOMM) Days Inventory : 71.34 (As of Jun. 2021)

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What is ORBCOMM Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ORBCOMM's Average Total Inventories for the three months ended in Jun. 2021 was $27.6 Mil. ORBCOMM's Cost of Goods Sold for the three months ended in Jun. 2021 was $35.3 Mil. Hence, ORBCOMM's Days Inventory for the three months ended in Jun. 2021 was 71.34.

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

ORBC's Days Inventory is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 19.215
* Ranked among companies with meaningful Days Inventory only.

ORBCOMM's Days Inventory declined from Jun. 2020 (139.46) to Jun. 2021 (71.34).

Inventory Turnover measures how fast the company turns over its inventory within a year. ORBCOMM's Inventory Turnover for the three months ended in Jun. 2021 was 1.28.

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. ORBCOMM's Inventory-to-Revenue for the three months ended in Jun. 2021 was 0.42.

ORBCOMM Days Inventory Historical Data

The historical data trend for ORBCOMM'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.

ORBCOMM Days Inventory Chart

ORBCOMM Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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86.25

79.78

95.51

103.63

111.14

ORBCOMM Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Days Inventory	Get a 7-Day Free Trial															139.46	115.73	97.69	83.22	71.34

Competitive Comparison of ORBCOMM's Days Inventory

For the Telecom Services subindustry, ORBCOMM'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.

ORBCOMM's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, ORBCOMM's Days Inventory distribution charts can be found below:

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

ORBCOMM Days Inventory Calculation

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

ORBCOMM's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (39.881	+	29.987)	/	2 )	/	114.726	*	365
=	34.934					/	114.726	*	365
=	111.14

ORBCOMM's Days Inventory for the quarter that ended in Jun. 2021 is calculated as:

	Days Inventory (Q: Jun. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2021 )	+	Total Inventories (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (28.924	+	26.283)	/	2 )	/	35.308	*	365 / 4
=	27.6035					/	35.308	*	365 / 4
=	71.34

ORBCOMM (NAS:ORBC) 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.

ORBCOMM's Inventory Turnover for the three months ended in Jun. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.308	/	27.6035
	=	1.28

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.

ORBCOMM's Inventory to Revenue for the three months ended in Jun. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	27.6035	/	65.928
	=	0.42

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.

ORBCOMM Days Inventory Related Terms

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

ORBCOMM (ORBCOMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » ORBCOMM Inc (NAS:ORBC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

395 W. Passaic Street, Suite 325, Rochelle Park, NJ, USA, 07662

Website

https://www.orbcomm.com

ORBCOMM Inc is a satellite communications company that primarily provides machine-to-machine communication, which is designed to track, monitor, and control fixed and mobile assets. The company operates in such markets as transportation and distribution, heavy equipment, industrial fixed assets, oil and gas, maritime, mining, and government. The company earns revenue across the United States, South America, Japan, and Europe, with the majority from the U.S. The company owns telecommunications infrastructure, specifically low Earth orbit satellites and accompanying ground infrastructure.

Executives

Karen O. Gould	director	C/O ORBCOMM INC. 395 W. PASSAIC STREET ROCHELLE PARK NJ 07662
Denise W. Gibson	director	140 SCHOOL STREET, LIBERTYVILLE IL 60048
Milcos Constantine	officer: EVP and CFO	C/O ORBCOMM, INC., 395 W. PASSAIC STREET SUITE 325 ROCHELLE PARK NJ 07662
Craig Malone	officer: EVP of Product Development	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Marc Eisenberg	officer: Chief Marketing Officer	C/O ORBCOMM INC., 395 W PASSAIC STREET, SUITE 325, ROCHELLE PARK NJ 07662
Brun Christian Le	officer: EVP, General Counsel & Sec.	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Stolte John J Jr	officer: EVP-Technology & Operations	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Jerome B Eisenberg	director, officer: Chairman, CEO and President	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Adage Capital Partners Gp, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
John E Major	director	C/O LENNOX INTERNATIONAL INC., 2140 LAKE PARK BOULEVARD, RICHARDSON TX 75080-2254
Timothy Kelleher	director	C/O ORBCOMM INC. 395 W PASSAIC STREET, SUITE 325 ROCHELLE PARK NJ 07662
Phillip Gross	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Robert Atchinson	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Advisors, L.l.c.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116
Adage Capital Partners, L.p.	10 percent owner	200 CLARENDON STREET, 52ND FLOOR, BOSTON MA 02116