Days Inventory is also known as Days Sales of Inventory (DSI). Cirrus Logic's Average Total Inventories for the
three
months ended in Dec. 2023 was $293 Mil. Cirrus Logic's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $302 Mil.
Hence, Cirrus Logic's Days Inventory for the
three
months ended in Dec. 2023 was 88.61.
The historical rank and industry rank for Cirrus Logic's Days Inventory or its related term are showing as below:
CRUS'
s Days Inventory Range Over the Past 10 Years
Min: 57.24 Med: 80.32 Max: 114.99
Current: 105.54
During the past 13 years, Cirrus Logic's highest Days Inventory was 114.99. The lowest was 57.24. And the median was 80.32.
CRUS's Days Inventory is ranked better than 60.36% of 941
companies
in the Semiconductors industry
Industry Median: 130.77
vs CRUS: 105.54
Cirrus Logic's Days Inventory
increased
from Dec. 2022 (49.21) to Dec. 2023 (88.61).
It might indicate that Cirrus Logic'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.
Cirrus Logic's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.03.
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.
Cirrus Logic's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.47.
Cirrus Logic Days Inventory Historical Data
The historical data trend for Cirrus Logic'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 Cirrus Logic's Days Inventory
For the Semiconductors subindustry, Cirrus Logic'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.
Cirrus Logic's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Cirrus Logic's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cirrus Logic's Days Inventory falls into.
Cirrus Logic Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Cirrus Logic'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.
Cirrus Logic (NAS:CRUS) 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.
Cirrus Logic'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.
Cirrus Logic'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.
Cirrus Logic Days Inventory Related Terms
Thank you for viewing the detailed overview of Cirrus Logic's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
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