Days Inventory is also known as Days Sales of Inventory (DSI). Innovate's Average Total Inventories for the
three
months ended in Dec. 2023 was $21 Mil. Innovate's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $300 Mil.
Hence, Innovate's Days Inventory for the
three
months ended in Dec. 2023 was 6.24.
The historical rank and industry rank for Innovate's Days Inventory or its related term are showing as below:
VATE'
s Days Inventory Range Over the Past 10 Years
Min: 3.21 Med: 5.02 Max: 11.52
Current: 6.11
During the past 13 years, Innovate's highest Days Inventory was 11.52. The lowest was 3.21. And the median was 5.02.
VATE's Days Inventory is ranked better than 84.13% of 1393
companies
in the Construction industry
Industry Median: 48.96
vs VATE: 6.11
Innovate's Days Inventory
increased
from Dec. 2022 (5.22) to Dec. 2023 (6.24).
It might indicate that Innovate's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Innovate's Inventory Turnover for the
three
months ended in Dec. 2023 was 14.63.
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.
Innovate's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.06.
Innovate Days Inventory Historical Data
The historical data trend for Innovate'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 Innovate's Days Inventory
For the Engineering & Construction subindustry, Innovate'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.
Innovate's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Innovate's Days Inventory distribution charts can be found below:
* The bar in red indicates where Innovate's Days Inventory falls into.
Innovate Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Innovate's Days Inventory for the fiscal year that ended in Dec. 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.
Innovate (NYSE:VATE) 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.
Innovate's Inventory Turnover for the
three
months ended in Dec. 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.
Innovate's Inventory to Revenue for the
three
months ended in Dec. 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.
Innovate Days Inventory Related Terms
Thank you for viewing the detailed overview of Innovate's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.
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