nLight (nLight) Days Inventory : 123.31 (As of Dec. 2023)

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What is nLight Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). nLight's Average Total Inventories for the three months ended in Dec. 2023 was $56.9 Mil. nLight's Cost of Goods Sold for the three months ended in Dec. 2023 was $42.1 Mil. Hence, nLight's Days Inventory for the three months ended in Dec. 2023 was 123.31.

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

LASR' s Days Inventory Range Over the Past 10 Years
Min: 87.82 Med: 116.12 Max: 139.68
Current: 139.68

During the past 8 years, nLight's highest Days Inventory was 139.68. The lowest was 87.82. And the median was 116.12.

LASR's Days Inventory is ranked worse than
54.52% of 941 companies
in the Semiconductors industry
Industry Median: 131.06 vs LASR: 139.68

nLight's Days Inventory declined from Dec. 2022 (132.91) to Dec. 2023 (123.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. nLight's Inventory Turnover for the three months ended in Dec. 2023 was 0.74.

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. nLight's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.10.

nLight Days Inventory Historical Data

The historical data trend for nLight'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.

nLight Days Inventory Chart

nLight Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

119.62

112.61

121.57

134.89

133.43

nLight 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															132.91	154.37	146.30	141.85	123.31

Competitive Comparison of nLight's Days Inventory

For the Semiconductors subindustry, nLight'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.

nLight's Days Inventory Distribution in the Semiconductors Industry

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

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

nLight Days Inventory Calculation

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

nLight'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
=	( (67.6	+	52.16)	/	2 )	/	163.808	*	365
=	59.88					/	163.808	*	365
=	133.43

nLight'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
=	( (61.59	+	52.16)	/	2 )	/	42.088	*	365 / 4
=	56.875					/	42.088	*	365 / 4
=	123.31

nLight (NAS:LASR) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	42.088	/	56.875
	=	0.74

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	56.875	/	51.892
	=	1.10

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.

nLight Days Inventory Related Terms

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

nLight (nLight) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

4637 NW 18th Avenue, Camas, WA, USA, 98607

Website

https://www.nlight.net

nLight Inc is a United States-based company engaged in providing semiconductor and fiber lasers for industrial, microfabrication, and aerospace and defense applications. It operates in two segments: Laser Products, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, China, and the Rest of the world.

Executives

Joseph John Corso	officer: Chief Financial Officer	4637 NW 18TH AVE, CAMAS WA 98607
James Nias	officer: Chief Accounting Officer	4637 NW 18TH AVENUE, CAMAS WA 98607
Scott H Keeney	director, officer: President and CEO	5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Ran Bareket	officer: CFO	1005 VIRGINIA DRIVE, FORT WASHINGTON PA 19034
Camille Nichols	director	5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Robert Martinsen	officer: Chief Technical Officer	5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Sixth Mdv Partners, L.l.c.	10 percent owner	777 MARINERS ISLAND BLVD., STE. 550, SAN MATEO CA 94404
David D. Osborne	director	5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Oak X Affiliates Fund Lp	10 percent owner	901 MAIN AVENUE, NORWALK CT 06851
Bandel L Carano	director, 10 percent owner	525 UNIVERSITY AVENUE, SUITE 1300, PALO ALTO CA 94301
Douglas C Carlisle	director, 10 percent owner	3000 SAND HILL RD, BLDG 4 STE 100, MENLO PARK CA 94025
Mv Management Ix Llc	10 percent owner	2884 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
William Gossman	director	5408 NE 88TH STREET, BUILDING E, VANCOUVER WA 98665
Menlo Entrepreneurs Fund Ix A Lp	10 percent owner	2884 SAND HILL RD, SUITE 100, MENLO PARK CA 94025
Menlo Entrepreneurs Fund Ix Lp	10 percent owner	3000 SAND HILL ROAD, BUILDING 4, SUITE 100, MENLO PARK CA 94025