The historical rank and industry rank for STEER Technologies's Days Inventory or its related term are showing as below:
STEEF'
s Days Inventory Range Over the Past 10 Years
Min: 12.69 Med: 25.88 Max: 36.94
Current: 12.69
During the past 5 years, STEER Technologies's highest Days Inventory was 36.94. The lowest was 12.69. And the median was 25.88.
STEEF's Days Inventory is ranked better than 57.26% of 1563
companies
in the Software industry
Industry Median: 19.71
vs STEEF: 12.69
STEER Technologies's Days Inventory
declined
from Sep. 2022 (36.41) to Sep. 2023 (5.21).
Inventory Turnover measures how fast the company turns over its inventory within a year.
STEER Technologies's Inventory Turnover for the
three
months ended in Sep. 2023 was 17.53.
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.
STEER Technologies's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.09.
STEER Technologies Days Inventory Historical Data
The historical data trend for STEER Technologies'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 STEER Technologies's Days Inventory
For the Software - Application subindustry, STEER Technologies'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.
STEER Technologies's Days Inventory Distribution in the Software Industry
For the Software industry and Technology sector, STEER Technologies's Days Inventory distribution charts can be found below:
* The bar in red indicates where STEER Technologies's Days Inventory falls into.
STEER Technologies Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
STEER Technologies'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.
STEER Technologies (OTCPK:STEEF) 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.
STEER Technologies'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.
STEER Technologies'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.
STEER Technologies Days Inventory Related Terms
Thank you for viewing the detailed overview of STEER Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
STEER Technologies (STEER Technologies) Business Description
STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
STEEF has been successfully added to your 