IPG Photonics (IPG Photonics) Days Inventory

: 230.61 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). IPG Photonics's Average Total Inventories for the three months ended in Dec. 2023 was $467 Mil. IPG Photonics's Cost of Goods Sold for the three months ended in Dec. 2023 was $185 Mil. Hence, IPG Photonics's Days Inventory for the three months ended in Dec. 2023 was 230.61.

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

IPGP' s Days Inventory Range Over the Past 10 Years
Min: 163.04 Med: 196.97 Max: 238.9
Current: 238.9

During the past 13 years, IPG Photonics's highest Days Inventory was 238.90. The lowest was 163.04. And the median was 196.97.

IPGP's Days Inventory is ranked worse than
78.7% of 939 companies
in the Semiconductors industry
Industry Median: 131.48 vs IPGP: 238.90

IPG Photonics's Days Inventory increased from Dec. 2022 (178.16) to Dec. 2023 (230.61). It might indicate that IPG Photonics's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IPG Photonics's Inventory Turnover for the three months ended in Dec. 2023 was 0.40.

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. IPG Photonics's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.56.

IPG Photonics Days Inventory Historical Data

The historical data trend for IPG Photonics'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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IPG Photonics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

202.08

205.68

197.13

202.54

235.73

IPG Photonics Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																178.16	231.39	236.68	262.96	230.61

Competitive Comparison

For the Semiconductor Equipment & Materials subindustry, IPG Photonics'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.

IPG Photonics Days Inventory Distribution

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

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

IPG Photonics Days Inventory Calculation

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

IPG Photonics'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
=	( (509.363	+	453.874)	/	2 )	/	745.741	*	365
=	481.6185					/	745.741	*	365
=	235.73

IPG Photonics'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
=	( (479.829	+	453.874)	/	2 )	/	184.726	*	365 / 4
=	466.8515					/	184.726	*	365 / 4
=	230.61

IPG Photonics (NAS:IPGP) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	184.726	/	466.8515
	=	0.40

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	466.8515	/	298.893
	=	1.56

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.

IPG Photonics Days Inventory Related Terms

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

IPG Photonics (IPG Photonics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IPG Photonics Corp (NAS:IPGP) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

IPF:Germany

Address

377 Simarano Drive, Marlborough, MA, USA, 01752

Website

https://www.ipgphotonics.com

IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.

Executives

Eric Meurice	director	% VERIGY LTD, 5301 STEVENS CREEK BLVD, SANTA CLARA CA 95051
Valentin Gapontsev Trust I	10 percent owner	50 OLD WEBSTER ROAD, OXFORD MA 01540
Tang Agnes	director	C/O IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Kolleen T Kennedy	director	VARIAN MEDICAL SYSTEMS INC, 3100 HANSEN WAY MAIL STOP E327, PALO ALTO CA 94304
Alexander Ovtchinnikov	officer: Vice President	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Jeanmarie F. Desmond	director	C/O E.I. DU PONT DE NEMOURS AND COMPANY, 974 CENTRE ROAD, BLDG. 730, WILMINGTON DE 19805
Eugene A Shcherbakov	director, officer: Managing Director of IPG Laser	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Gregory R Beecher	director	C/OTERADYNE INC, 600 RIVERPARK DRIVE, NORTH READING MA 01864
Timothy Pv Mammen	officer: Vice President & CFO	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Ip Fibre Devices Ltd	10 percent owner	660 MAIN STREET, STURBRIDGE MA 01566
Trevor Ness	officer: VP World-Wide Sales and Mktg.	C/O 50 OLD WEBSTER ROAD, OXFORD MA 01540
Igor Samartsev	director, officer: Acting GM of NTO IRE-Polus	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Angelo P Lopresti	officer: VP, Secretary & Gen Counsel	IPG PHOTONICS CORPORATION, 50 OLD WEBSTER ROAD, OXFORD MA 01540
Felix I Stukalin	officer: SVP, North America Operations
Natalia Pavlova	director	3 ORCHARD HILL ROAD, WESTBOROUGH MA 01581