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Days Inventory is also known as Days Sales of Inventory (DSI). Surge Components's Average Total Inventories for the three months ended in Feb. 2024 was $4.65 Mil. Surge Components's Cost of Goods Sold for the three months ended in Feb. 2024 was $5.01 Mil. Hence, Surge Components's Days Inventory for the three months ended in Feb. 2024 was 84.60.
The historical rank and industry rank for Surge Components's Days Inventory or its related term are showing as below:
During the past 13 years, Surge Components's highest Days Inventory was 81.95. The lowest was 49.63. And the median was 54.85.
Surge Components's Days Inventory declined from Feb. 2023 (86.20) to Feb. 2024 (84.60).
Inventory Turnover measures how fast the company turns over its inventory within a year. Surge Components's Inventory Turnover for the three months ended in Feb. 2024 was 1.08.
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. Surge Components's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.66.
The historical data trend for Surge Components'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.
For the Electronics & Computer Distribution subindustry, Surge Components'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.
For the Hardware industry and Technology sector, Surge Components's Days Inventory distribution charts can be found below:
* The bar in red indicates where Surge Components's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Surge Components's Days Inventory for the fiscal year that ended in Nov. 2023 is calculated as
Days Inventory (A: Nov. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Nov. 2022 ) | + | Total Inventories (A: Nov. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Nov. 2023 ) | * | Days in Period |
= | ( (6.409 | + | 5.423) | / | 2 ) | / | 26.348 | * | 365 |
= | 5.916 | / | 26.348 | * | 365 | ||||
= | 81.95 |
Surge Components's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:
Days Inventory (Q: Feb. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Nov. 2023 ) | + | Total Inventories (Q: Feb. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | ( (5.423 | + | 3.87) | / | 2 ) | / | 5.012 | * | 365 / 4 |
= | 4.6465 | / | 5.012 | * | 365 / 4 | ||||
= | 84.60 |
* 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.
Surge Components (OTCPK:SPRS) 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.
Surge Components's Inventory Turnover for the three months ended in Feb. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 5.012 | / | 4.6465 | |
= | 1.08 |
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.
Surge Components's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 4.6465 | / | 7.054 | |
= | 0.66 |
* 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.
Thank you for viewing the detailed overview of Surge Components's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Peter Levy | director | C/O ATLAS THERAPEUTICS CORPORATION, 4640 ADMIRALTY WAY, SUITE 500, MARINA DEL REY CA 90292 |
Michael D Tofias | 10 percent owner | 325 NORTH END AVENUE, APT. 25B, NEW YORK NY 10282 |
Steven J Lubman | director, officer: VP, Secretary, Director | 1016 GRAND BLVD, DEER PARK NY 11729 |
Martin Novick | director | |
Alan Plafker | director | 24 SYLVIA ROAD, PLAINVIEW NY 11803 |
Gary Mark Jacobs | director | 15 HOOVER STREET, INWOOD NY 11096 |
Lawrence Chariton | director | 30 ROCKAWAY PLACE, MASSAPEQUA NY 11758 |
Ira Levy | director, officer: Chief Executive Officer | |
David Siegel | director | 95 EAST JEFRYN BOULEVARD, DEER PARK NY 11729 |
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