Performance Technologies (ATH:PERF) Days Inventory : 7.79 (As of Dec. 2023)

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What is Performance Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Performance Technologies's Average Total Inventories for the six months ended in Dec. 2023 was €0.98 Mil. Performance Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was €23.05 Mil. Hence, Performance Technologies's Days Inventory for the six months ended in Dec. 2023 was 7.79.

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

ATH:PERF' s Days Inventory Range Over the Past 10 Years
Min: 3.51 Med: 4.78 Max: 9.09
Current: 7.58

During the past 7 years, Performance Technologies's highest Days Inventory was 9.09. The lowest was 3.51. And the median was 4.78.

ATH:PERF's Days Inventory is ranked better than
65.43% of 1559 companies
in the Software industry
Industry Median: 18.99 vs ATH:PERF: 7.58

Performance Technologies's Days Inventory increased from Dec. 2022 (5.44) to Dec. 2023 (7.79). It might indicate that Performance Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Performance Technologies's Inventory Turnover for the six months ended in Dec. 2023 was 23.44.

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. Performance Technologies's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.03.

Performance Technologies Days Inventory Historical Data

The historical data trend for Performance 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.

Performance Technologies Days Inventory Chart

Performance Technologies Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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6.93

4.78

3.51

4.71

4.55

Performance Technologies Semi-Annual Data
	Dec17	Dec18	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial				-	3.56	5.44	10.87	7.79

Competitive Comparison of Performance Technologies's Days Inventory

For the Information Technology Services subindustry, Performance 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.

Performance Technologies's Days Inventory Distribution in the Software Industry

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

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

Performance Technologies Days Inventory Calculation

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

Performance 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
=	( (0.528	+	0.471)	/	2 )	/	40.049	*	365
=	0.4995					/	40.049	*	365
=	4.55

Performance 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
=	( (1.496	+	0.471)	/	2 )	/	23.052	*	365 / 2
=	0.9835					/	23.052	*	365 / 2
=	7.79

Performance Technologies (ATH:PERF) 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.

Performance Technologies's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	23.052	/	0.9835
	=	23.44

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.

Performance Technologies's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.9835	/	33.285
	=	0.03

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.

Performance Technologies Days Inventory Related Terms

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

Performance Technologies (ATH:PERF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Performance Technologies SA (ATH:PERF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 Evrimedontos Street, Ceramics, Athens, GRC, 10435

Website

http://www.performance.gr

Performance Technologies SA designs and delivers fast, flexible and dynamic IT architectures that align with the business needs and priorities. The company delivers IT solutions for Virtualization, Private and Public Cloud, Systems Infrastructure, Storage Systems, Backup Software, Security Solutions, Data Protection, Data Replication, Disaster Recovery, IT consolidation/transformation/re-platforming, IT Systems & Service Management, IT Automation, Enterprise Asset Management, Business Process Management, Mobile Device Management and Mobile Engagement.