ASTI (Ascent Solar Technologies) Days Inventory : 544.54 (As of Sep. 2024)

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What is Ascent Solar Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ascent Solar Technologies's Average Total Inventories for the three months ended in Sep. 2024 was $0.46 Mil. Ascent Solar Technologies's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.08 Mil. Hence, Ascent Solar Technologies's Days Inventory for the three months ended in Sep. 2024 was 544.54.

The historical rank and industry rank for Ascent Solar Technologies's Days Inventory or its related term are showing as below:

ASTI' s Days Inventory Range Over the Past 10 Years
Min: 102.44 Med: 213.67 Max: 1113.77
Current: 809.61

During the past 13 years, Ascent Solar Technologies's highest Days Inventory was 1113.77. The lowest was 102.44. And the median was 213.67.

ASTI's Days Inventory is ranked worse than
98.11% of 951 companies
in the Semiconductors industry
Industry Median: 123.42 vs ASTI: 809.61

Ascent Solar Technologies's Days Inventory increased from Sep. 2023 (86.51) to Sep. 2024 (544.54). It might indicate that Ascent Solar Technologies'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. Ascent Solar Technologies's Inventory Turnover for the three months ended in Sep. 2024 was 0.17.

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. Ascent Solar Technologies's Inventory-to-Revenue for the three months ended in Sep. 2024 was 51.06.

Ascent Solar Technologies Days Inventory Historical Data

The historical data trend for Ascent Solar Technologies'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.

* Premium members only.

Ascent Solar Technologies Days Inventory Chart

Ascent Solar Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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445.08

1,113.77

107.98

109.48

102.44

Ascent Solar Technologies Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															86.51	686.28	4,088.00	669.66	544.54

Competitive Comparison of Ascent Solar Technologies's Days Inventory

For the Solar subindustry, Ascent Solar Technologies'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.

Ascent Solar Technologies's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Ascent Solar Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ascent Solar Technologies's Days Inventory falls into.

Ascent Solar Technologies Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ascent Solar Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0.615	+	0.447)	/	2 )	/	1.892	*	365
=	0.531					/	1.892	*	365
=	102.44

Ascent Solar Technologies's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.461	+	0.458)	/	2 )	/	0.077	*	365 / 4
=	0.4595					/	0.077	*	365 / 4
=	544.54

Ascent Solar Technologies (NAS:ASTI) 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.

Ascent Solar Technologies's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.077	/	0.4595
	=	0.17

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.

Ascent Solar Technologies's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.4595	/	0.009
	=	51.06

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.

Ascent Solar Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Ascent Solar Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Ascent Solar Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Ascent Solar Technologies Inc (NAS:ASTI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

12300 Grant Street, Thornton, CO, USA, 80241

Website

https://www.ascentsolar.com

Ascent Solar Technologies Inc is engaged in the manufacturing and selling of photovoltaic products (PV) solar modules that are flexible, durable, and possess attractive power-to-weight and power-to-area performance. The company is integrating its PV products into scalable and high-value markets such as agrivoltaics, aerospace, satellites, near-earth orbiting vehicles, and fixed-wing unmanned aerial vehicles (UAV). Ascent is also working to expand its portable solar chargers, such as the XD-12. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and e-commerce companies.

Executives

Peterson David Theodore Jr	director	15332 ANTIOCH STREET, #434, PACIFIC PALISADES CA 90272
Paul P. Warley	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Reynolds T. Forrest	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Louis C. Berezovsky	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Gregory C Thompson	director	1000 ABERNATHY ROAD N.E., STE 1200, ATLANTA GA 30328
Jin H. Jo	officer: Chief Financial Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Bobby Gulati	officer: Chief Operating Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Arion Agrophotovoltaic Private Ltd	10 percent owner	45, NORTH CANAL ROAD, #01-01 LEW BUILDING, . U0 059301
Bd1 Investment Holding, Llc	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901
Lucro Investments Vcc - Esg Opportunities Fund	10 percent owner	10 ANSON ROAD, #16-06 INTERNATIONAL PLAZA, SINGAPORE U0 079903
Jeffrey Max	officer: Chief Executive Officer	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Michael J. French	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Felix T. Mantke	director	C/O ASCENT SOLAR TECHNOLOGIES, INC., 12300 GRANT STREET, THORNTON CO 80241
Ag Tubesolar	10 percent owner	BERLINER ALLEE 65, AUGSBURG 2M 86153
Johannes Kuhn	10 percent owner	1675 SOUTH STATE STREET, SUITE B, DOVER DE 19901