Innovative Solutions and Support (Innovative Solutions and Support) Days Inventory : 168.04 (As of Dec. 2023)

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What is Innovative Solutions and Support Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovative Solutions and Support's Average Total Inventories for the three months ended in Dec. 2023 was $6.97 Mil. Innovative Solutions and Support's Cost of Goods Sold for the three months ended in Dec. 2023 was $3.79 Mil. Hence, Innovative Solutions and Support's Days Inventory for the three months ended in Dec. 2023 was 168.04.

The historical rank and industry rank for Innovative Solutions and Support's Days Inventory or its related term are showing as below:

ISSC' s Days Inventory Range Over the Past 10 Years
Min: 58.92 Med: 160.14 Max: 211.15
Current: 155.35

During the past 13 years, Innovative Solutions and Support's highest Days Inventory was 211.15. The lowest was 58.92. And the median was 160.14.

ISSC's Days Inventory is ranked worse than
54.86% of 288 companies
in the Aerospace & Defense industry
Industry Median: 138.735 vs ISSC: 155.35

Innovative Solutions and Support's Days Inventory declined from Dec. 2022 (173.23) to Dec. 2023 (168.04).

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovative Solutions and Support's Inventory Turnover for the three months ended in Dec. 2023 was 0.54.

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. Innovative Solutions and Support's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.75.

Innovative Solutions and Support Days Inventory Historical Data

The historical data trend for Innovative Solutions and Support'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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Innovative Solutions and Support Days Inventory Chart

Innovative Solutions and Support Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

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208.03

163.29

157.12

163.16

155.34

Innovative Solutions and Support Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															173.23	195.70	164.77	111.08	168.04

Competitive Comparison of Innovative Solutions and Support's Days Inventory

For the Aerospace & Defense subindustry, Innovative Solutions and Support'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.

Innovative Solutions and Support's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Innovative Solutions and Support's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovative Solutions and Support's Days Inventory falls into.

Innovative Solutions and Support Days Inventory Calculation

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

Innovative Solutions and Support's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (5.349	+	6.14)	/	2 )	/	13.498	*	365
=	5.7445					/	13.498	*	365
=	155.34

Innovative Solutions and Support'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
=	( (6.14	+	7.8)	/	2 )	/	3.785	*	365 / 4
=	6.97					/	3.785	*	365 / 4
=	168.04

Innovative Solutions and Support (NAS:ISSC) 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.

Innovative Solutions and Support's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.785	/	6.97
	=	0.54

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.

Innovative Solutions and Support's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.97	/	9.308
	=	0.75

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.

Innovative Solutions and Support Days Inventory Related Terms

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Innovative Solutions and Support (Innovative Solutions and Support) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Innovative Solutions and Support Inc (NAS:ISSC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

720 Pennsylvania Drive, Exton, PA, USA, 19341

Website

https://www.innovative-ss.com

Innovative Solutions and Support Inc is a systems integrator that designs, manufactures, sells, and services air data equipment, engine display systems, standby equipment, primary flight guidance, and cockpit display systems for retrofit applications and original equipment manufacturers. The company supplies integrated Flight Management Systems, Flat Panel Display Systems, Integrated Standby Units, Advanced Global Positioning System receivers that enable reduced carbon footprint navigation, and an Autothrottle, which allows a pilot to automatically control the power setting of the engine and is designed to reduce pilot workload and enhance safety. It sells its products to both the OEM and the retrofit markets.

Executives

Glen R Bressner	director	720 PENNSYLAVANIA DR, EXTON PA 19341
Estate Of Geoffrey S. M. Hedrick	10 percent owner	C/O INNOVATIVE SOLUTIONS AND SUPPORT INC, 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Winston J Churchill	director	C/O SCP PARTNERS, SUITE 300, 1200 LIBERTY RIDGE DRIVE, WAYNE PA 19087
Christopher Harborne	10 percent owner	23F M THAI TOWER, ALL SEASONS PLACE, 87 WIRELESS ROAD, BANGKOK W1 10300
Michael Linacre	officer: Chief Financial Officer	720 PENNSYLVANIA DRIVE, EXTON PA 19341
Parizad Olver	director	C/O SEMPER PARATUS ACQUISITION CORP., 767 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
Mittelstaedt Robert E Jr	director
Stephen L Belland	director	5717 COMPASS COURT, CAPE CORAL FL 33914
Roger Anthony Carolin	director	1200 LIBERTY RIDGE DRIVE, WAYNE PA 19087
Relland Winand	officer: Chief Financial Officer	C/O INNOVATIVE SOLUTIONS & SUPPORT INC., 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Shahram Askarpour	officer: President	C/O INNOVATIVE SOLUTIONS & SUPPORT, INC., 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Ronald Albrecht	officer: Chief Financial Officer	C/O INNOVATIVE SOLUTIONS AND SUPPORT INC, 720 PENNSYLVANIA DRIVE, EXTON PA 19341
Robert Mionis	director
John C Long	officer: Chief Financial Officer	2400 BERNVILLE ROAD, READING PA 19612
Raymond J Wilson	director	720 PENNSYLVANIA DRIVE, EXTON PA 19341