The historical rank and industry rank for SMART Global Holdings's Days Inventory or its related term are showing as below:
SGH'
s Days Inventory Range Over the Past 10 Years
Min: 56.75 Med: 78.04 Max: 117.55
Current: 110.7
During the past 9 years, SMART Global Holdings's highest Days Inventory was 117.55. The lowest was 56.75. And the median was 78.04.
SGH's Days Inventory is ranked better than 58.77% of 941
companies
in the Semiconductors industry
Industry Median: 131.06
vs SGH: 110.70
SMART Global Holdings's Days Inventory
declined
from Nov. 2022 (110.90) to Nov. 2023 (91.40).
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.
SMART Global Holdings's Inventory Turnover for the
three
months ended in Nov. 2023 was 1.00.
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.
SMART Global Holdings's Inventory-to-Revenue for the
three
months ended in Nov. 2023 was 0.70.
SMART Global Holdings Days Inventory Historical Data
The historical data trend for SMART Global Holdings'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.
Competitive Comparison of SMART Global Holdings's Days Inventory
For the Semiconductors subindustry, SMART Global Holdings'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.
SMART Global Holdings's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, SMART Global Holdings's Days Inventory distribution charts can be found below:
* The bar in red indicates where SMART Global Holdings's Days Inventory falls into.
SMART Global Holdings Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
SMART Global Holdings's Days Inventory for the fiscal year that ended in Aug. 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.
SMART Global Holdings (NAS:SGH) 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.
SMART Global Holdings's Inventory Turnover for the
three
months ended in Nov. 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.
SMART Global Holdings's Inventory to Revenue for the
three
months ended in Nov. 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.
SMART Global Holdings Days Inventory Related Terms
Thank you for viewing the detailed overview of SMART Global Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
SMART Global Holdings (SMART Global Holdings) Business Description
SMART Global Holdings Inc is a designer and manufacturer of electronic products focused on memory and computing technology areas. It specializes in application-specific product development and support for customers in the enterprise, government and original equipment manufacturer (OEM) markets. It operates in three segments such as Memory Solutions in which Memory Solutions group, under our SMART Modular brand, provides high performance and reliable memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Intelligent Platform Solutions in their IPS group, under our Penguin Solutions and newly acquired Stratus Technologies brands, offers specialized platform solutions and services for high-performance computing.
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