Days Inventory is also known as Days Sales of Inventory (DSI). Evolv Technologies Holdings's Average Total Inventories for the
three
months ended in Dec. 2023 was $8.67 Mil. Evolv Technologies Holdings's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $11.56 Mil.
Hence, Evolv Technologies Holdings's Days Inventory for the
three
months ended in Dec. 2023 was 68.41.
The historical rank and industry rank for Evolv Technologies Holdings's Days Inventory or its related term are showing as below:
EVLV'
s Days Inventory Range Over the Past 10 Years
Min: 44.88 Med: 77.42 Max: 213.98
Current: 64.93
During the past 5 years, Evolv Technologies Holdings's highest Days Inventory was 213.98. The lowest was 44.88. And the median was 77.42.
EVLV's Days Inventory is ranked worse than 64.32% of 681
companies
in the Business Services industry
Industry Median: 29.27
vs EVLV: 64.93
Evolv Technologies Holdings's Days Inventory
increased
from Dec. 2022 (37.21) to Dec. 2023 (68.41).
It might indicate that Evolv Technologies Holdings's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Evolv Technologies Holdings's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.33.
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.
Evolv Technologies Holdings's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.40.
Evolv Technologies Holdings Days Inventory Historical Data
The historical data trend for Evolv Technologies Holdings'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.
For the Security & Protection Services subindustry, Evolv Technologies Holdings'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.
Evolv Technologies Holdings Days Inventory Distribution
For the Business Services industry and Industrials sector, Evolv Technologies Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where Evolv Technologies Holdings's Days Inventory falls into.
Evolv Technologies Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Evolv Technologies Holdings'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.
Evolv Technologies Holdings (NAS:EVLV) 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.
Evolv Technologies Holdings'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.
Evolv Technologies Holdings'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.
Evolv Technologies Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of Evolv Technologies Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Evolv Technologies Holdings (Evolv Technologies Holdings) Business Description
Evolv Technologies Holdings Inc offers an AI-based touchless security screening. Its touchless security screening systems use artificial intelligence software, cloud services, and advanced sensors to reliably detect dangerous weapons while ignoring harmless items like cell phones, laptops, and keys. The firm operates in a single segment that develops, manufactures, markets, and sells security screening products and specific services. Its products are used in different industries such as casinos, industrial workplaces, schools, and ticketed venues.
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