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ClearVue Technologies (ASX:CPV) Days Inventory : 10.86 (As of Dec. 2023)


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What is ClearVue Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ClearVue Technologies's Average Total Inventories for the six months ended in Dec. 2023 was A$0.03 Mil. ClearVue Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.44 Mil. Hence, ClearVue Technologies's Days Inventory for the six months ended in Dec. 2023 was 10.86.

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

ASX:CPV' s Days Inventory Range Over the Past 10 Years
Min: 12.01   Med: 15.33   Max: 15.33
Current: 12.01

During the past 7 years, ClearVue Technologies's highest Days Inventory was 15.33. The lowest was 12.01. And the median was 15.33.

ASX:CPV's Days Inventory is ranked better than
97.46% of 944 companies
in the Semiconductors industry
Industry Median: 130.195 vs ASX:CPV: 12.01

ClearVue Technologies's Days Inventory increased from Dec. 2022 (0.00) to Dec. 2023 (10.86). It might indicate that ClearVue Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ClearVue Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 16.81.

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.


ClearVue Technologies Days Inventory Historical Data

The historical data trend for ClearVue 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.

ClearVue Technologies Days Inventory Chart

ClearVue Technologies Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial - - - - 15.33

ClearVue Technologies Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - 13.44 10.86

Competitive Comparison of ClearVue Technologies's Days Inventory

For the Solar subindustry, ClearVue 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.


ClearVue Technologies's Days Inventory Distribution in the Semiconductors Industry

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

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



ClearVue Technologies Days Inventory Calculation

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

ClearVue Technologies's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (0 + 0.026) / 1 ) / 0.619*365
=0.026 / 0.619*365
=15.33

ClearVue Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (0.026 + 0) / 1 ) / 0.437*365 / 2
=0.026 / 0.437*365 / 2
=10.86

* 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.


ClearVue Technologies  (ASX:CPV) 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.

ClearVue Technologies's Inventory Turnover for the six 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.

ClearVue Technologies's Inventory to Revenue for the six 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.


ClearVue Technologies Days Inventory Related Terms

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


ClearVue Technologies (ASX:CPV) Business Description

Traded in Other Exchanges
Address
567 Newcastle Street, suite 9, West Perth, Perth, WA, AUS, 6005
ClearVue Technologies Ltd operates in the Building Integrated Photovoltaic (BIPV) sector which involves the integration of solar technology into glass and building surfaces. It has developed glass technology that preserves glass transparency to maintain building aesthetics whilst generating electricity from windows to provide renewable energy. Geographically, it operates and derives revenue from Australia. Its products include Clearvuepv, Smartvuepv, and Artpv.

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