Solitron Devices (Solitron Devices) Days Inventory : 96.35 (As of Nov. 2023)

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What is Solitron Devices Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solitron Devices's Average Total Inventories for the three months ended in Nov. 2023 was $3.23 Mil. Solitron Devices's Cost of Goods Sold for the three months ended in Nov. 2023 was $3.06 Mil. Hence, Solitron Devices's Days Inventory for the three months ended in Nov. 2023 was 96.35.

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

SODI' s Days Inventory Range Over the Past 10 Years
Min: 121.45 Med: 172.4 Max: 238.49
Current: 133.29

During the past 13 years, Solitron Devices's highest Days Inventory was 238.49. The lowest was 121.45. And the median was 172.40.

SODI's Days Inventory is ranked worse than
51.22% of 941 companies
in the Semiconductors industry
Industry Median: 131.06 vs SODI: 133.29

Solitron Devices's Days Inventory declined from Nov. 2022 (238.36) to Nov. 2023 (96.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Solitron Devices's Inventory Turnover for the three months ended in Nov. 2023 was 0.95.

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. Solitron Devices's Inventory-to-Revenue for the three months ended in Nov. 2023 was 0.78.

Solitron Devices Days Inventory Historical Data

The historical data trend for Solitron Devices'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.

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Solitron Devices Days Inventory Chart

Solitron Devices Annual Data

Trend

Feb12

Feb13

Feb14

Feb15

Feb16

Feb19

Feb20

Feb21

Feb22

Feb23

Days Inventory

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174.32

160.54

140.60

121.45

170.47

Solitron Devices Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Days Inventory	Get a 7-Day Free Trial															238.36	172.60	149.53	118.02	96.35

Competitive Comparison of Solitron Devices's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Solitron Devices'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.

Solitron Devices's Days Inventory Distribution in the Semiconductors Industry

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

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

Solitron Devices Days Inventory Calculation

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

Solitron Devices's Days Inventory for the fiscal year that ended in Feb. 2023 is calculated as

	Days Inventory (A: Feb. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Feb. 2022 )	+	Total Inventories (A: Feb. 2023 ))	/	count )	/	Cost of Goods Sold (A: Feb. 2023 )	*	Days in Period
=	( (2.26	+	2.415)	/	2 )	/	5.005	*	365
=	2.3375					/	5.005	*	365
=	170.47

Solitron Devices's Days Inventory for the quarter that ended in Nov. 2023 is calculated as:

	Days Inventory (Q: Nov. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Aug. 2023 )	+	Total Inventories (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (2.076	+	4.384)	/	2 )	/	3.059	*	365 / 4
=	3.23					/	3.059	*	365 / 4
=	96.35

Solitron Devices (OTCPK:SODI) 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.

Solitron Devices's Inventory Turnover for the three months ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.059	/	3.23
	=	0.95

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.

Solitron Devices's Inventory to Revenue for the three months ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.23	/	4.136
	=	0.78

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.

Solitron Devices Days Inventory Related Terms

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

Solitron Devices (Solitron Devices) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Solitron Devices Inc (OTCPK:SODI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

901 Sansburys Way, West Palm Beach, FL, USA, 33411

Website

https://www.solitrondevices.com

Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.

Executives

Howard Timothy Eriksen	director	567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson	officer: President and COO	600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer	director	PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc	10 percent owner	185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p.	10 percent owner	C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar	other: Shareholder	C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman	director	1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc	other: Shareholder	8695 GLENDALE RD., CUSTER WA 98240
John F Chiste	director
Dwight P Aubrey	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity	director
Sidney H Kopperl	director	C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407