TiVo (ROVI) Days Inventory : 6.61 (As of Mar. 2020)

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What is TiVo Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TiVo's Average Total Inventories for the three months ended in Mar. 2020 was $3.1 Mil. TiVo's Cost of Goods Sold for the three months ended in Mar. 2020 was $42.4 Mil. Hence, TiVo's Days Inventory for the three months ended in Mar. 2020 was 6.61.

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

ROVI' s Days Inventory Range Over the Past 10 Years
Min: 1.62 Med: 15.69 Max: 21.08
Current: 8.04

During the past 13 years, TiVo's highest Days Inventory was 21.08. The lowest was 1.62. And the median was 15.69.

ROVI's Days Inventory is not ranked
in the Software industry.
Industry Median: 19.61 vs ROVI: 8.04

TiVo's Days Inventory declined from Mar. 2019 (14.25) to Mar. 2020 (6.61).

Inventory Turnover measures how fast the company turns over its inventory within a year. TiVo's Inventory Turnover for the three months ended in Mar. 2020 was 13.81.

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. TiVo's Inventory-to-Revenue for the three months ended in Mar. 2020 was 0.02.

TiVo Days Inventory Historical Data

The historical data trend for TiVo'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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TiVo Days Inventory Chart

TiVo Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Days Inventory

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1.62

15.69

21.08

18.41

11.12

TiVo 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															14.25	10.90	7.16	6.20	6.61

Competitive Comparison of TiVo's Days Inventory

For the Software - Application subindustry, TiVo'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.

TiVo's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, TiVo's Days Inventory distribution charts can be found below:

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

TiVo Days Inventory Calculation

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

TiVo'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
=	( (7.449	+	3.197)	/	2 )	/	174.65	*	365
=	5.323					/	174.65	*	365
=	11.12

TiVo'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
=	( (3.197	+	2.944)	/	2 )	/	42.418	*	365 / 4
=	3.0705					/	42.418	*	365 / 4
=	6.61

TiVo (NAS:ROVI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.418	/	3.0705
	=	13.81

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0705	/	159.861
	=	0.02

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.

TiVo Days Inventory Related Terms

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

TiVo (ROVI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TiVo Corp (NAS:ROVI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2160 Gold Street, San Jose, CA, USA, 95002

Website

http://www.tivo.com

TiVo Corp is engaged in media and entertainment products. It provides a broad set of cloud-based services, embedded software solutions and intellectual property that enable people to find and enjoy online video, television programming, movies and music entertainment. In addition, it also offers advanced media and advertising solutions, including viewership data, audience insights and advertising and programming promotion optimization, which enable advanced audience targeting in linear television advertising. The group solutions are sold globally to cable, satellite, and telecommunications pay-TV service providers, virtual service providers, content and new media companies and advertisers. Geographically its presence is seen in US and other international markets.