Days Inventory is also known as Days Sales of Inventory (DSI). Qorvo's Average Total Inventories for the
three
months ended in Dec. 2023 was $783 Mil. Qorvo's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $686 Mil.
Hence, Qorvo's Days Inventory for the
three
months ended in Dec. 2023 was 104.19.
The historical rank and industry rank for Qorvo's Days Inventory or its related term are showing as below:
QRVO'
s Days Inventory Range Over the Past 10 Years
Min: 61.73 Med: 90.37 Max: 134.86
Current: 134.86
During the past 11 years, Qorvo's highest Days Inventory was 134.86. The lowest was 61.73. And the median was 90.37.
QRVO's Days Inventory is ranked worse than 51.54% of 941
companies
in the Semiconductors industry
Industry Median: 131.06
vs QRVO: 134.86
Qorvo's Days Inventory
declined
from Dec. 2022 (163.03) to Dec. 2023 (104.19).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Qorvo's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.88.
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.
Qorvo's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.73.
Qorvo Days Inventory Historical Data
The historical data trend for Qorvo'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 Semiconductors subindustry, Qorvo'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.
Qorvo's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Qorvo's Days Inventory distribution charts can be found below:
* The bar in red indicates where Qorvo's Days Inventory falls into.
Qorvo Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Qorvo's Days Inventory for the fiscal year that ended in Mar. 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.
Qorvo (NAS:QRVO) 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.
Qorvo'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.
Qorvo'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.
Qorvo Days Inventory Related Terms
Thank you for viewing the detailed overview of Qorvo's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Qorvo represents the combined entity of RF Micro Devices and TriQuint Semiconductor, which merged in January 2015. The company specializes in radio frequency filters, power amplifiers, and front-end modules used in many of the world's most advanced smartphones. Qorvo also has a suite of products sold into a variety of nonsmartphone end markets, such as wireless base stations, cable TV and networking equipment, and infrastructure and military applications.
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