Days Inventory is also known as Days Sales of Inventory (DSI). Socket Mobile's Average Total Inventories for the
three
months ended in Dec. 2023 was $5.47 Mil. Socket Mobile's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2.08 Mil.
Hence, Socket Mobile's Days Inventory for the
three
months ended in Dec. 2023 was 240.27.
The historical rank and industry rank for Socket Mobile's Days Inventory or its related term are showing as below:
SCKT'
s Days Inventory Range Over the Past 10 Years
Min: 39.17 Med: 105.35 Max: 236.03
Current: 236.03
During the past 13 years, Socket Mobile's highest Days Inventory was 236.03. The lowest was 39.17. And the median was 105.35.
SCKT's Days Inventory is ranked worse than 85.65% of 2405
companies
in the Hardware industry
Industry Median: 104.01
vs SCKT: 236.03
Socket Mobile's Days Inventory
increased
from Dec. 2022 (204.42) to Dec. 2023 (240.27).
It might indicate that Socket Mobile's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Socket Mobile's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.38.
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.
Socket Mobile's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.24.
Socket Mobile Days Inventory Historical Data
The historical data trend for Socket Mobile'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 Socket Mobile's Days Inventory
For the Computer Hardware subindustry, Socket Mobile'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.
Socket Mobile's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Socket Mobile's Days Inventory distribution charts can be found below:
* The bar in red indicates where Socket Mobile's Days Inventory falls into.
Socket Mobile Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Socket Mobile'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.
Socket Mobile (NAS:SCKT) 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.
Socket Mobile'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.
Socket Mobile'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.
Socket Mobile Days Inventory Related Terms
Thank you for viewing the detailed overview of Socket Mobile's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Socket Mobile (Socket Mobile) Business Description
Socket Mobile Inc is a producer of data capture products. The company's products are integrated into mobile applications used in mobile point of sale (mPOS), commercial services (field workers), asset tracking, manufacturing process and quality control, transportation and logistics (goods tracking and movement), event management (ticketing, entry, access control, and identification), medical and education. The company offers barcode scanning products for both one-dimensional, including imager and laser, and two-dimensional barcode scanning in standard and durable cases. The company's geographical segments are the United States, Europe, Asia, and the rest of the world, out of which the majority of the revenue is generated from the United States.
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