Days Inventory is also known as Days Sales of Inventory (DSI). Veeco Instruments's Average Total Inventories for the
three
months ended in Dec. 2023 was $244.9 Mil. Veeco Instruments's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $95.3 Mil.
Hence, Veeco Instruments's Days Inventory for the
three
months ended in Dec. 2023 was 234.55.
The historical rank and industry rank for Veeco Instruments's Days Inventory or its related term are showing as below:
VECO'
s Days Inventory Range Over the Past 10 Years
Min: 84.58 Med: 157.21 Max: 223.35
Current: 223.35
During the past 13 years, Veeco Instruments's highest Days Inventory was 223.35. The lowest was 84.58. And the median was 157.21.
VECO's Days Inventory is ranked worse than 75.45% of 941
companies
in the Semiconductors industry
Industry Median: 131.11
vs VECO: 223.35
Veeco Instruments's Days Inventory
increased
from Dec. 2022 (198.13) to Dec. 2023 (234.55).
It might indicate that Veeco Instruments's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Veeco Instruments's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.39.
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.
Veeco Instruments's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.41.
Veeco Instruments Days Inventory Historical Data
The historical data trend for Veeco Instruments'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.
Competitive Comparison of Veeco Instruments's Days Inventory
For the Semiconductor Equipment & Materials subindustry, Veeco Instruments'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.
Veeco Instruments's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Veeco Instruments's Days Inventory distribution charts can be found below:
* The bar in red indicates where Veeco Instruments's Days Inventory falls into.
Veeco Instruments Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Veeco Instruments's Days Inventory for the fiscal year that 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.
Veeco Instruments (NAS:VECO) 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.
Veeco Instruments'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.
Veeco Instruments'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.
Veeco Instruments Days Inventory Related Terms
Thank you for viewing the detailed overview of Veeco Instruments's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Veeco Instruments (Veeco Instruments) Business Description
Veeco Instruments Inc is a United States-based company that is principally engaged in designing, developing, and manufacturing thin-film process equipment, which is mainly used to produce electronic devices. The company's product categories by market consist of lighting, display, and power electronics; advanced packaging; MEMS and RF; scientific and industrial; and data storage. The lighting, display, and power electronics market accounts for over half of the total revenue. The company offers products and services in the United States; China; Europe, the Middle East, and Africa, or EMEA; and the rest of the world, with overseas markets contributing the majority of total revenue.
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