EXFO (EXFO) Days Inventory : 135.86 (As of May. 2021)

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What is EXFO Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). EXFO's Average Total Inventories for the three months ended in May. 2021 was $45.1 Mil. EXFO's Cost of Goods Sold for the three months ended in May. 2021 was $30.3 Mil. Hence, EXFO's Days Inventory for the three months ended in May. 2021 was 135.86.

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

EXFO' s Days Inventory Range Over the Past 10 Years
Min: 116.77 Med: 129.86 Max: 185.69
Current: 128.63

During the past 13 years, EXFO's highest Days Inventory was 185.69. The lowest was 116.77. And the median was 129.86.

EXFO's Days Inventory is not ranked
in the Hardware industry.
Industry Median: 102.45 vs EXFO: 128.63

EXFO's Days Inventory declined from May. 2020 (137.58) to May. 2021 (135.86).

Inventory Turnover measures how fast the company turns over its inventory within a year. EXFO's Inventory Turnover for the three months ended in May. 2021 was 0.67.

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. EXFO's Inventory-to-Revenue for the three months ended in May. 2021 was 0.62.

EXFO Days Inventory Historical Data

The historical data trend for EXFO'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.

EXFO Days Inventory Chart

EXFO Annual Data

Trend

Aug11

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Days Inventory

Get a 7-Day Free Trial

127.77

129.31

125.87

117.80

122.48

EXFO Quarterly Data
	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21
Days Inventory	Get a 7-Day Free Trial															137.58	114.31	123.17	125.38	135.86

Competitive Comparison of EXFO's Days Inventory

For the Communication Equipment subindustry, EXFO'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.

EXFO's Days Inventory Distribution in the Hardware Industry

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

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

EXFO Days Inventory Calculation

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

EXFO's Days Inventory for the fiscal year that ended in Aug. 2020 is calculated as

	Days Inventory (A: Aug. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Aug. 2019 )	+	Total Inventories (A: Aug. 2020 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2020 )	*	Days in Period
=	( (38.017	+	38.865)	/	2 )	/	114.558	*	365
=	38.441					/	114.558	*	365
=	122.48

EXFO's Days Inventory for the quarter that ended in May. 2021 is calculated as:

	Days Inventory (Q: May. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2021 )	+	Total Inventories (Q: May. 2021 ))	/	count )	/	Cost of Goods Sold (Q: May. 2021 )	*	Days in Period
=	( (41.835	+	48.384)	/	2 )	/	30.298	*	365 / 4
=	45.1095					/	30.298	*	365 / 4
=	135.86

EXFO (NAS:EXFO) 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.

EXFO's Inventory Turnover for the three months ended in May. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	30.298	/	45.1095
	=	0.67

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.

EXFO's Inventory to Revenue for the three months ended in May. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	45.1095	/	72.644
	=	0.62

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.

EXFO Days Inventory Related Terms

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

EXFO (EXFO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » EXFO Inc (NAS:EXFO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Godin Avenue, Quebec, QC, CAN, G1M 2K2

Website

https://www.exfo.com

EXFO Inc provides technology solutions for wireless and wireline network operators across the telecom industry. The company serves the communications service providers (CSPs) and data center, cloud and webscale operators with a field test, service assurance and analytics solutions, maintenance, and management of mobile networks. It offers test and service assurance solutions for 2G, 3G, and 4G/long-term evolution wireless networks. EXFO operates across the Americas where it generates the majority of its revenues, Europe, the Middle East and Africa (EMEA), and Asia-Pacific.