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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Digital Ally's Cost of Goods Sold for the three months ended in Dec. 2023 was $5.68 Mil. Digital Ally's Average Total Inventories for the quarter that ended in Dec. 2023 was $4.52 Mil. Digital Ally's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Digital Ally's Days Inventory for the three months ended in Dec. 2023 was 72.63.
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. Digital Ally's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.76.
The historical data trend for Digital Ally's Inventory Turnover 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.
Digital Ally Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 1.17 | 0.96 | 1.76 | 4.20 | 4.21 |
Digital Ally Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 1.21 | 0.96 | 0.94 | 0.93 | 1.26 |
Digital Ally's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 22.486 | / ( | (6.839 | + | 3.845) | / | 2 ) |
= | 22.486 | / | 5.342 | ||||
= | 4.21 |
Digital Ally's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover (Q: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2023 ) | / ( | (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) |
= | 5.679 | / ( | (5.195 | + | 3.845) | / | 2 ) |
= | 5.679 | / | 4.52 | ||||
= | 1.26 |
* 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.
Digital Ally (NAS:DGLY) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Digital Ally's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 4.52 | / | 5.679 | * | 365 / 4 | |
= | 72.63 |
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.
Digital Ally's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 4.52 | / | 5.934 | |
= | 0.76 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Digital Ally's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel Duke Daughtery | director | C/O DIGITAL ALLY, INC., 14001 MARSHALL DRIVE, LENEXA KS 66215 |
Hoffmann Christian J. Iii | director | ONE RENAISSANCE SQUARE, TWO NORTH CENTRAL AVENUE, PHOENIX AZ 85004 |
Peng Han | officer: Chief Operating Officer | 9301 W 144TH TERRACE, OVERLAND PARK KS 66221 |
Stanton E Ross | director, officer: Chairman, President, and CEO | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Daniel F Hutchins | director | 11900 COLLEGE BOULEVARD, SUITE 310, OVERLAND PARK KS 66210 |
Thomas J Heckman | officer: CFO, Treasurer & Secretary | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Michael Caufield | officer: VP of Strategic Development | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Leroy C Richie | director | 15612 COLLEGE BLVD., LENEXA KS 66219 |
Elliot M Kaplan | director | 9705 LOIRET BLVD., LENEXA KS 66219 |
Stephen Gans | director, 10 percent owner | 14850 NW 44TH COURT, OPA LOCKA FL 33054 |
Steven Phillips | officer: Vice President of Engineering | 9705 LOIRET BLVD., LENEXA KS 66219 |
Bernard A Bianchino | director | 9601 W. 156TH STREET, OVERLAND PARK KS 66221 |
Edward Smith | officer: Vice President of Operations | 7311 W 130TH STREET, SUITE 170, OVERLAND PARK KS 66213 |
Kenneth L Mccoy | officer: Vice President of Marketing | 7311 W. 130TH, SUITE 170, OVERLAND PARK KS 66213 |
Robert D Haler | officer: Exec Vice Pres, of Product Dev | 7311 WEST 130TH, SUITE 170, OVERLAND PARK KS 66213 |
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