Indie Semiconductor (Indie Semiconductor) Days Inventory : 78.48 (As of Dec. 2023)

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What is Indie Semiconductor Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Indie Semiconductor's Average Total Inventories for the three months ended in Dec. 2023 was $36.32 Mil. Indie Semiconductor's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.24 Mil. Hence, Indie Semiconductor's Days Inventory for the three months ended in Dec. 2023 was 78.48.

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

INDIW' s Days Inventory Range Over the Past 10 Years
Min: 63.38 Med: 71.78 Max: 90.56
Current: 90.56

During the past 4 years, Indie Semiconductor's highest Days Inventory was 90.56. The lowest was 63.38. And the median was 71.78.

INDIW's Days Inventory is ranked better than
66.7% of 940 companies
in the Semiconductors industry
Industry Median: 130.735 vs INDIW: 90.56

Indie Semiconductor's Days Inventory increased from Dec. 2022 (70.16) to Dec. 2023 (78.48). It might indicate that Indie Semiconductor'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. Indie Semiconductor's Inventory Turnover for the three months ended in Dec. 2023 was 1.16.

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. Indie Semiconductor's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.52.

Indie Semiconductor Days Inventory Historical Data

The historical data trend for Indie Semiconductor'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.

* Premium members only.

Indie Semiconductor Days Inventory Chart

Indie Semiconductor Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

81.16

76.17

67.39

63.38

Indie Semiconductor Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										70.16	99.07	113.40	104.22	78.48

Competitive Comparison of Indie Semiconductor's Days Inventory

For the Semiconductor Equipment & Materials subindustry, Indie Semiconductor'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.

Indie Semiconductor's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Indie Semiconductor's Days Inventory distribution charts can be found below:

* The bar in red indicates where Indie Semiconductor's Days Inventory falls into.

Indie Semiconductor Days Inventory Calculation

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

Indie Semiconductor's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (13.256	+	33.141)	/	2 )	/	133.606	*	365
=	23.1985					/	133.606	*	365
=	63.38

Indie Semiconductor's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (39.505	+	33.141)	/	2 )	/	42.236	*	365 / 4
=	36.323					/	42.236	*	365 / 4
=	78.48

Indie Semiconductor (NAS:INDIW) 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.

Indie Semiconductor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.236	/	36.323
	=	1.16

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.

Indie Semiconductor's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	36.323	/	70.133
	=	0.52

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.

Indie Semiconductor Days Inventory Related Terms

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Indie Semiconductor (Indie Semiconductor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Indie Semiconductor Inc (NAS:INDIW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

INDI:USA 48H:Germany

Address

32 Journey, Aliso Viejo, CA, USA, 92656

Website

https://www.indiesemi.com

Indie Semiconductor Inc is empowering the Autotech revolution with next-generation automotive semiconductors and software platforms. It focuses on edge sensors for Advanced Driver Assistance Systems including LiDAR, connected car, user experience, and electrification applications. These technologies represent the core underpinnings of both electric and autonomous vehicles, while the advanced user interfaces transform the in-cabin experience to mirror and seamlessly connect to the mobile platforms.