Days Inventory is also known as Days Sales of Inventory (DSI). Sonic Foundry's Average Total Inventories for the
three
months ended in Sep. 2023 was $2.19 Mil. Sonic Foundry's Cost of Goods Sold for the
three
months ended in Sep. 2023 was $2.35 Mil.
Hence, Sonic Foundry's Days Inventory for the
three
months ended in Sep. 2023 was 85.13.
The historical rank and industry rank for Sonic Foundry's Days Inventory or its related term are showing as below:
SOFO'
s Days Inventory Range Over the Past 10 Years
Min: 28.53 Med: 46.81 Max: 88.4
Current: 88.4
During the past 13 years, Sonic Foundry's highest Days Inventory was 88.40. The lowest was 28.53. And the median was 46.81.
SOFO's Days Inventory is ranked worse than 77.51% of 1565
companies
in the Software industry
Industry Median: 19.61
vs SOFO: 88.40
Sonic Foundry's Days Inventory
increased
from Sep. 2022 (45.00) to Sep. 2023 (85.13).
It might indicate that Sonic Foundry's sales slowed down.
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.
Sonic Foundry's Inventory Turnover for the
three
months ended in Sep. 2023 was 1.07.
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.
Sonic Foundry's Inventory-to-Revenue for the
three
months ended in Sep. 2023 was 0.39.
Sonic Foundry Days Inventory Historical Data
The historical data trend for Sonic Foundry'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 Software - Application subindustry, Sonic Foundry'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.
Sonic Foundry Days Inventory Distribution
For the Software industry and Technology sector, Sonic Foundry's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sonic Foundry's Days Inventory falls into.
Sonic Foundry Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic Foundry's Days Inventory for the fiscal year that 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.
Sonic Foundry (OTCPK:SOFO) 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.
Sonic Foundry'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.
Sonic Foundry'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.
Sonic Foundry Days Inventory Related Terms
Thank you for viewing the detailed overview of Sonic Foundry's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Foundry (Sonic Foundry) Business Description
Sonic Foundry Inc is engaged in the business of providing video enterprise solutions and services for the digital-first, distance learning, and corporate communications market. It offers video capture, management, and streaming solutions as well as virtual and hybrid events in education, business, and government. Sonic Foundry's family of brands includes Mediasite, Video Solutions, Vidable and Global Learning Exchange. The company also offers video solutions, including Mediasite Video Platform, Mediasite Video Cloud, Mediasite Capture Solutions, Mediasite Events, Mediasite Services, and Mediasite Customer Care. The company has a geographical presence in the United States, Europe, and the Middle East, Asia, and other places.
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