Days Inventory is also known as Days Sales of Inventory (DSI). Surgepays's Average Total Inventories for the
three
months ended in Dec. 2023 was $11.8 Mil. Surgepays's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $24.9 Mil.
Hence, Surgepays's Days Inventory for the
three
months ended in Dec. 2023 was 43.28.
The historical rank and industry rank for Surgepays's Days Inventory or its related term are showing as below:
SURG'
s Days Inventory Range Over the Past 10 Years
Min: 1.25 Med: 22.35 Max: 49.19
Current: 49.19
During the past 13 years, Surgepays's highest Days Inventory was 49.19. The lowest was 1.25. And the median was 22.35.
SURG's Days Inventory is ranked worse than 67.52% of 1561
companies
in the Software industry
Industry Median: 19.61
vs SURG: 49.19
Surgepays's Days Inventory
increased
from Dec. 2022 (31.98) to Dec. 2023 (43.28).
It might indicate that Surgepays'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.
Surgepays's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.11.
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.
Surgepays's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.37.
Surgepays Days Inventory Historical Data
The historical data trend for Surgepays'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 Surgepays's Days Inventory
For the Software - Application subindustry, Surgepays'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.
Surgepays's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, Surgepays's Days Inventory distribution charts can be found below:
* The bar in red indicates where Surgepays's Days Inventory falls into.
Surgepays Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Surgepays'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.
Surgepays (NAS:SURG) 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.
Surgepays'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.
Surgepays'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.
Surgepays Days Inventory Related Terms
Thank you for viewing the detailed overview of Surgepays's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Surge Blockchain and Other; Surge Logics; TW and ECS (Electronic Check Services). The Company's blockchain platform utilizes a suite of financial and prepaid products to convert corner stores into tech hubs for underbanked neighbourhoods. The neighbourhood stores are profit partners that provide a multichannel distribution network for SurgePays.
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