Days Inventory is also known as Days Sales of Inventory (DSI). Universal Display's Average Total Inventories for the
three
months ended in Dec. 2023 was $178.6 Mil. Universal Display's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $36.0 Mil.
Hence, Universal Display's Days Inventory for the
three
months ended in Dec. 2023 was 452.46.
The historical rank and industry rank for Universal Display's Days Inventory or its related term are showing as below:
OLED'
s Days Inventory Range Over the Past 10 Years
Min: 144.43 Med: 328.21 Max: 483.99
Current: 480.2
During the past 13 years, Universal Display's highest Days Inventory was 483.99. The lowest was 144.43. And the median was 328.21.
OLED's Days Inventory is ranked worse than 96.76% of 2405
companies
in the Hardware industry
Industry Median: 103.77
vs OLED: 480.20
Universal Display's Days Inventory
declined
from Dec. 2022 (550.89) to Dec. 2023 (452.46).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Universal Display's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.20.
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.
Universal Display's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.13.
Universal Display Days Inventory Historical Data
The historical data trend for Universal Display'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 Universal Display's Days Inventory
For the Electronic Components subindustry, Universal Display'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.
Universal Display's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Universal Display's Days Inventory distribution charts can be found below:
* The bar in red indicates where Universal Display's Days Inventory falls into.
Universal Display Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Universal Display'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.
Universal Display (NAS:OLED) 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.
Universal Display'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.
Universal Display'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.
Universal Display Days Inventory Related Terms
Thank you for viewing the detailed overview of Universal Display's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Universal Display (Universal Display) Business Description
Universal Display Corp researches, develops and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to a light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
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