SmartRent (SmartRent) Days Inventory : 93.98 (As of Dec. 2023)

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What is SmartRent Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SmartRent's Average Total Inventories for the three months ended in Dec. 2023 was $44.5 Mil. SmartRent's Cost of Goods Sold for the three months ended in Dec. 2023 was $43.3 Mil. Hence, SmartRent's Days Inventory for the three months ended in Dec. 2023 was 93.98.

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

SMRT' s Days Inventory Range Over the Past 10 Years
Min: 76.86 Med: 113.76 Max: 119.42
Current: 113.87

During the past 4 years, SmartRent's highest Days Inventory was 119.42. The lowest was 76.86. And the median was 113.76.

SMRT's Days Inventory is ranked worse than
81.83% of 1563 companies
in the Software industry
Industry Median: 19.64 vs SMRT: 113.87

SmartRent's Days Inventory declined from Dec. 2022 (170.62) to Dec. 2023 (93.98).

Inventory Turnover measures how fast the company turns over its inventory within a year. SmartRent's Inventory Turnover for the three months ended in Dec. 2023 was 0.97.

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. SmartRent's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.74.

SmartRent Days Inventory Historical Data

The historical data trend for SmartRent'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.

SmartRent Days Inventory Chart

SmartRent Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

113.22

76.86

119.42

114.29

SmartRent Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial									170.62	116.24	133.52	110.58	93.98

Competitive Comparison of SmartRent's Days Inventory

For the Software - Application subindustry, SmartRent'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.

SmartRent's Days Inventory Distribution in the Software Industry

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

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

SmartRent Days Inventory Calculation

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

SmartRent'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
=	( (75.725	+	41.575)	/	2 )	/	187.309	*	365
=	58.65					/	187.309	*	365
=	114.29

SmartRent'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
=	( (47.521	+	41.575)	/	2 )	/	43.253	*	365 / 4
=	44.548					/	43.253	*	365 / 4
=	93.98

SmartRent (NYSE:SMRT) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	43.253	/	44.548
	=	0.97

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	44.548	/	60.253
	=	0.74

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.

SmartRent Days Inventory Related Terms

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

SmartRent (SmartRent) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » SmartRent Inc (NYSE:SMRT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

8665 E. Hartford Drive, Suite 200, Scottsdale, AZ, USA, 85255

Website

https://www.smartrent.com

SmartRent Inc is an enterprise smart home and smart building technology platform for property owners, managers and residents. The SmartRent solution is designed to provide property managers with seamless visibility and control over all their assets while delivering cost savings and additional revenue opportunities through all-in-one home control offerings for residents. Geographical, it operates in the United States and International; majority revenue being generated from the United States.

Executives

Alana Beard	director	6060 CENTER DRIVE 10TH FLOOR, LOS ANGELES CA 90045
Bruce C Strohm	director	C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606
Isaiah Derose-wilson	officer: Chief Technology Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Kristen Morse Lee	officer: General Counsel	8665 E HARTFORD DRIVE SUITE 200, SCOTTSDALE AZ 85255
Robert T. Best	director	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Bain Capital Venture Fund 2019, L.p.	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116
Christopher Jon Edmonds	officer: Chief Revenue Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Demetrios Barnes	officer: Chief Operating Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Mitch Karren	officer: Chief Product Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255
Robyn Young	officer: Chief Marketing Officer	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 855255
Hiroshi Okamoto	officer: CFO	8665 E HARTFORD DRIVE, SUITE 200, SCOTTSDALE AZ 85255
John Hanson Helm	10 percent owner	C/O REAL ESTATE TECHNOLOGY VENTURES, 136 HEBER AVE, SUITE 304, PARK CITY UT 84060
Brian M Roberts	officer: Chief Legal Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300 & 380, SCOTTSDALE AZ 85255
Jonathan Wolter	officer: Chief Financial Officer	1235 RADIO ROAD, SUITE 110, REDWOOD CITY CA 94065
Lucas Merwan Haldeman	director, officer: Chief Executive Officer	18835 N. THOMPSON PEAK PARKWAY, SUITE 300, SCOTTSDALE AZ 85255