AXT (AXTI) Days Inventory

: 499.17 (As of Dec. 2023)

View and export this data going back to 1998. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). AXT's Average Total Inventories for the three months ended in Dec. 2023 was $86.44 Mil. AXT's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.80 Mil. Hence, AXT's Days Inventory for the three months ended in Dec. 2023 was 499.17.

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

AXTI' s Days Inventory Range Over the Past 10 Years
Min: 213.78 Med: 270.89 Max: 515.58
Current: 515.58

During the past 13 years, AXT's highest Days Inventory was 515.58. The lowest was 213.78. And the median was 270.89.

AXTI's Days Inventory is ranked worse than
94.14% of 939 companies
in the Semiconductors industry
Industry Median: 131.48 vs AXTI: 515.58

AXT's Days Inventory increased from Dec. 2022 (446.56) to Dec. 2023 (499.17). It might indicate that AXT'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. AXT's Inventory Turnover for the three months ended in Dec. 2023 was 0.18.

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. AXT's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.23.

AXT Days Inventory Historical Data

The historical data trend for AXT'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.

AXT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

336.46

282.27

238.17

318.96

514.49

AXT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																446.56	578.67	483.12	510.55	499.17

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, AXT'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.

AXT Days Inventory Distribution

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

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

AXT Days Inventory Calculation

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

AXT'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
=	( (89.629	+	86.503)	/	2 )	/	62.477	*	365
=	88.066					/	62.477	*	365
=	514.49

AXT'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
=	( (86.383	+	86.503)	/	2 )	/	15.802	*	365 / 4
=	86.443					/	15.802	*	365 / 4
=	499.17

AXT (NAS:AXTI) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.802	/	86.443
	=	0.18

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	86.443	/	20.429
	=	4.23

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.

AXT Days Inventory Related Terms

Thank you for viewing the detailed overview of AXT's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

AXT (AXTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AXT Inc (NAS:AXTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

AHV:Germany

Address

4281 Technology Drive, Fremont, CA, USA, 94538

Website

http://www.axt.com

AXT Inc is a developer and producer of compound and single-element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.

Executives

Russell Christine	director	17165 PINE STREET, LOS GATOS CA 95032
Gary L Fischer	officer: Vice President, CFO & Corp Sec	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Morris S Young	director, officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Jesse Chen	director	18975 MONTE VISTA DR, SARATOGA CA 95070
David C Chang	director	C/O TIME WARNER CABLE INC., 60 COLUMBUS CIRCLE, 16TH FLOOR, NEW YORK NY 10023
Ni-pixel	director	4699 OLD IRONSIDE DRIVE, SUITE 300, SANTA CLARA CA 95054
Robert G Ochrym	officer: VP Business Development	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Wilson Weicheng Lin	officer: Chief Operating Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Leonard J Leblanc	director
Davis Zhang	officer: President, JV Operations	AXT, INC 4281, TECHNOLOGY DRIVE, FREMONT CA 94538
Hong Q Hou	officer: Chief Operating Officer
Nai-yu Pai	director	2065 ACADIA CT, CUPERTINO CA 94014
Raymond Anthony Low	officer: Chief Financial Officer	25 SHADOW TREE CT, DANVILLE CA 94506
John J Cerilli	officer: VP Global Sales & Marketing	4281 TECHNOLOGY DRIVE, FREMONT CA 94538
Yin Philip C S	officer: Chief Executive Officer	4281 TECHNOLOGY DRIVE, FREMONT CA 94538