Days Inventory is also known as Days Sales of Inventory (DSI). Inrad Optics's Average Total Inventories for the
three
months ended in Dec. 2023 was $3.10 Mil. Inrad Optics's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1.89 Mil.
Hence, Inrad Optics's Days Inventory for the
three
months ended in Dec. 2023 was 149.87.
The historical rank and industry rank for Inrad Optics's Days Inventory or its related term are showing as below:
INRD'
s Days Inventory Range Over the Past 10 Years
Min: 122.3 Med: 133.58 Max: 152.69
Current: 135.35
During the past 13 years, Inrad Optics's highest Days Inventory was 152.69. The lowest was 122.30. And the median was 133.58.
INRD's Days Inventory is ranked worse than 63.8% of 2409
companies
in the Hardware industry
Industry Median: 102.28
vs INRD: 135.35
Inrad Optics's Days Inventory
increased
from Dec. 2022 (124.69) to Dec. 2023 (149.87).
It might indicate that Inrad Optics's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Inrad Optics's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.61.
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.
Inrad Optics's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.04.
Inrad Optics Days Inventory Historical Data
The historical data trend for Inrad Optics'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 Inrad Optics's Days Inventory
For the Electronic Components subindustry, Inrad Optics'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.
Inrad Optics's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Inrad Optics's Days Inventory distribution charts can be found below:
* The bar in red indicates where Inrad Optics's Days Inventory falls into.
Inrad Optics Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Inrad Optics'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.
Inrad Optics (OTCPK:INRD) 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.
Inrad Optics'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.
Inrad Optics'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.
Inrad Optics Days Inventory Related Terms
Thank you for viewing the detailed overview of Inrad Optics's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Inrad Optics Inc develops, manufactures and markets products and services for use in photonics industry sectors. It is a vertically integrated manufacturer focusing on crystal-based optical components and devices, custom optical components from both glass and metal, and precision optical and optomechanical assemblies. Its product categories include Optical Components and Laser System Devices/Instrumentation. The company's customers include corporations in the defense, aerospace, laser systems, process control, and metrology sectors of the photonics industry, as well as the United States Government, National Laboratories and universities around the world.
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