The historical rank and industry rank for Tel Instrument Electronics's Days Inventory or its related term are showing as below:
TIKK'
s Days Inventory Range Over the Past 10 Years
Min: 94.52 Med: 167.29 Max: 251.99
Current: 251.99
During the past 13 years, Tel Instrument Electronics's highest Days Inventory was 251.99. The lowest was 94.52. And the median was 167.29.
TIKK's Days Inventory is ranked worse than 75.35% of 288
companies
in the Aerospace & Defense industry
Industry Median: 138.735
vs TIKK: 251.99
Tel Instrument Electronics's Days Inventory
increased
from Dec. 2022 (198.69) to Dec. 2023 (267.80).
It might indicate that Tel Instrument Electronics's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tel Instrument Electronics's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.34.
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.
Tel Instrument Electronics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.75.
Tel Instrument Electronics Days Inventory Historical Data
* 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.
Competitive Comparison of Tel Instrument Electronics's Days Inventory
For the Aerospace & Defense subindustry, Tel Instrument Electronics'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.
Tel Instrument Electronics's Days Inventory Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Tel Instrument Electronics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tel Instrument Electronics's Days Inventory falls into.
Tel Instrument Electronics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tel Instrument Electronics's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as
* 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.
Tel Instrument Electronics (OTCPK:TIKK) 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.
Tel Instrument Electronics's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Tel Instrument Electronics's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Tel Instrument Electronics Days Inventory Related Terms
Thank you for viewing the detailed overview of Tel Instrument Electronics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tel Instrument Electronics (Tel Instrument Electronics) Business Description
Tel Instrument Electronics Corp is a designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government, military aerospace, and defense markets. It designs, manufactures and sells instruments to test and measure, and calibrates and repairs airborne navigation and communication equipment. The company's reportable segments are Avionics government and Avionics commercial. The avionics government segment consists of the design, manufacture, and sale of test equipment to the U.S. and foreign governments and militaries. The Avionics commercial segment consists of design, manufacture, and sale of test equipment to domestic and foreign airlines. It generates a majority of its revenue from the Avionics Government segment.
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