Days Inventory is also known as Days Sales of Inventory (DSI). Luna Innovations's Average Total Inventories for the
three
months ended in Sep. 2023 was $42.7 Mil. Luna Innovations's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $13.1 Mil.
Hence, Luna Innovations's Days Inventory for the
three
months ended in Sep. 2023 was 297.75.
The historical rank and industry rank for Luna Innovations's Days Inventory or its related term are showing as below:
LUNA'
s Days Inventory Range Over the Past 10 Years
Min: 81.09 Med: 102.8 Max: 296.17
Current: 296.17
During the past 13 years, Luna Innovations's highest Days Inventory was 296.17. The lowest was 81.09. And the median was 102.80.
LUNA's Days Inventory is ranked worse than 91.23% of 2406
companies
in the Hardware industry
Industry Median: 103.87
vs LUNA: 296.17
Luna Innovations's Days Inventory
increased
from Sep. 2022 (235.52) to Sep. 2023 (297.75).
It might indicate that Luna Innovations's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Luna Innovations's Inventory Turnover for the
three
months ended in Sep. 2023 was 0.31.
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.
Luna Innovations's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 1.39.
Luna Innovations Days Inventory Historical Data
The historical data trend for Luna Innovations'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.
For the Scientific & Technical Instruments subindustry, Luna Innovations'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.
Luna Innovations Days Inventory Distribution
For the Hardware industry and Technology sector, Luna Innovations's Days Inventory distribution charts can be found below:
* The bar in red indicates where Luna Innovations's Days Inventory falls into.
Luna Innovations Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Luna Innovations's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as
* 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.
Luna Innovations (NAS:LUNA) 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.
Luna Innovations's Inventory Turnover for the
three
months ended in Sep. 2023 is calculated as
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.
Luna Innovations's Inventory to Revenue for the
three
months ended in Sep. 2023 is calculated as
* 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.
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.
Luna Innovations Days Inventory Related Terms
Thank you for viewing the detailed overview of Luna Innovations's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Luna Innovations (Luna Innovations) Business Description
Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.
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