QualTek Services (QualTek Services) Days Inventory : 5.01 (As of Mar. 2023)

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What is QualTek Services Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). QualTek Services's Average Total Inventories for the three months ended in Mar. 2023 was $7.9 Mil. QualTek Services's Cost of Goods Sold for the three months ended in Mar. 2023 was $143.4 Mil. Hence, QualTek Services's Days Inventory for the three months ended in Mar. 2023 was 5.01.

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

QTEKQ' s Days Inventory Range Over the Past 10 Years
Min: 3.96 Med: 4.1 Max: 5.41
Current: 4.85

During the past 4 years, QualTek Services's highest Days Inventory was 5.41. The lowest was 3.96. And the median was 4.10.

QTEKQ's Days Inventory is not ranked
in the Telecommunication Services industry.
Industry Median: 19.375 vs QTEKQ: 4.85

QualTek Services's Days Inventory increased from Mar. 2022 (4.14) to Mar. 2023 (5.01). It might indicate that QualTek Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. QualTek Services's Inventory Turnover for the three months ended in Mar. 2023 was 18.20.

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. QualTek Services's Inventory-to-Revenue for the three months ended in Mar. 2023 was 0.05.

QualTek Services Days Inventory Historical Data

The historical data trend for QualTek Services'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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QualTek Services Days Inventory Chart

QualTek Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Inventory

5.41

4.14

4.06

3.96

QualTek Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Days Inventory	Get a 7-Day Free Trial							4.14	4.89	5.48	5.20	5.01

Competitive Comparison of QualTek Services's Days Inventory

For the Telecom Services subindustry, QualTek Services'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.

QualTek Services's Days Inventory Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, QualTek Services's Days Inventory distribution charts can be found below:

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

QualTek Services Days Inventory Calculation

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

QualTek Services's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (5.409	+	9.033)	/	2 )	/	665.291	*	365
=	7.221					/	665.291	*	365
=	3.96

QualTek Services's Days Inventory for the quarter that ended in Mar. 2023 is calculated as:

	Days Inventory (Q: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (9.033	+	6.728)	/	2 )	/	143.444	*	365 / 4
=	7.8805					/	143.444	*	365 / 4
=	5.01

QualTek Services (OTCPK:QTEKQ) 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.

QualTek Services's Inventory Turnover for the three months ended in Mar. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	143.444	/	7.8805
	=	18.20

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.

QualTek Services's Inventory to Revenue for the three months ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.8805	/	156.246
	=	0.05

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.

QualTek Services Days Inventory Related Terms

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

QualTek Services (QualTek Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » QualTek Services Inc (OTCPK:QTEKQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

475 Sentry Parkway E, Suite 200, Blue Bell, PA, USA, 19422

Website

https://www.qualtekservices.com

QualTek Services Inc is a technology-driven provider of infrastructure services to the 5G wireless, telecom, power grid modernization, and renewable energy sectors across North America.

Executives

Emanuel R Pearlman	director	250 EAST 79TH STREET, NEW YORK NY 10075
Alan Jeffrey Carr	director	8540 GANDER CREEK DRIVE, MIAMISBURG OH 45342
Matthew J. Mccolgan	officer: Chief Financial Officer	475 SENTRY PARKWAY E, STE 200, BLUE BELL PA 19422
John A Kritzmacher	director	C/O GLOBAL CROSSING LIMITED, 200 PARK AVENUE, SUITE 300, FLORHAM PARK NJ 07932
Bruce E Roberson	director	5416 HOLLY SPRINGS DR, HOUSTON TX 77056
Cielo Hernandez	director	C/O XL FLEET CORP., 145 NEWTON STREET, BOSTON MA 02135
Adam Paul Spittler	officer: Chief Financial Officer	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Christopher Scott Hisey	director, officer: CEO and Director	818 HIDDEN FOREST DRIVE, COLLEGEVILLE PA 19426
Elizabeth Downey	officer: Chief Administrative Officer	1777 SENTRY PARKWAY WEST, SUITE 302, BLUE BELL PA 19422
Daniel Lafond	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Brightstar Gp Investors, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek Ii, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Bcp Qualtek, Llc	director, 10 percent owner	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422
Raul A Deju	director
Maha Eltobgy	director	C/O QUALTEK SERVICES INC., 475 SENTRY PARKWAY E, SUITE 200, BLUE BELL PA 19422