CRLI (Circuit Research Labs) Days Inventory : 193.35 (As of Sep. 2008)

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What is Circuit Research Labs Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Circuit Research Labs's Average Total Inventories for the three months ended in Sep. 2008 was $3.02 Mil. Circuit Research Labs's Cost of Goods Sold for the three months ended in Sep. 2008 was $1.43 Mil. Hence, Circuit Research Labs's Days Inventory for the three months ended in Sep. 2008 was 193.35.

The historical rank and industry rank for Circuit Research Labs's Days Inventory or its related term are showing as below:

CRLI's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 100.16
* Ranked among companies with meaningful Days Inventory only.

Circuit Research Labs's Days Inventory increased from Sep. 2007 (146.68) to Sep. 2008 (193.35). It might indicate that Circuit Research Labs's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Circuit Research Labs's Inventory Turnover for the three months ended in Sep. 2008 was 0.47.

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. Circuit Research Labs's Inventory-to-Revenue for the three months ended in Sep. 2008 was 0.92.

Circuit Research Labs Days Inventory Historical Data

The historical data trend for Circuit Research Labs'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.

Circuit Research Labs Days Inventory Chart

Circuit Research Labs Annual Data

Trend

Dec98

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Days Inventory

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145.62

135.52

143.85

165.95

156.50

Circuit Research Labs Quarterly Data
	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08
Days Inventory	Get a 7-Day Free Trial															146.68	124.59	131.51	157.55	193.35

Competitive Comparison of Circuit Research Labs's Days Inventory

For the Communication Equipment subindustry, Circuit Research Labs'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.

Circuit Research Labs's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Circuit Research Labs's Days Inventory distribution charts can be found below:

* The bar in red indicates where Circuit Research Labs's Days Inventory falls into.

Circuit Research Labs Days Inventory Calculation

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

Circuit Research Labs's Days Inventory for the fiscal year that ended in Dec. 2007 is calculated as

	Days Inventory (A: Dec. 2007 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2006 )	+	Total Inventories (A: Dec. 2007 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2007 )	*	Days in Period
=	( (2.586	+	2.367)	/	2 )	/	5.776	*	365
=	2.4765					/	5.776	*	365
=	156.50

Circuit Research Labs's Days Inventory for the quarter that ended in Sep. 2008 is calculated as:

	Days Inventory (Q: Sep. 2008 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2008 )	+	Total Inventories (Q: Sep. 2008 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2008 )	*	Days in Period
=	( (2.816	+	3.227)	/	2 )	/	1.426	*	365 / 4
=	3.0215					/	1.426	*	365 / 4
=	193.35

Circuit Research Labs (OTCPK:CRLI) 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.

Circuit Research Labs's Inventory Turnover for the three months ended in Sep. 2008 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.426	/	3.0215
	=	0.47

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.

Circuit Research Labs's Inventory to Revenue for the three months ended in Sep. 2008 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0215	/	3.285
	=	0.92

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.

Circuit Research Labs Days Inventory Related Terms

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

Circuit Research Labs Business Description

Industry

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Traded in Other Exchanges

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Address

7970 S. Kyrene Road, Tempe, AZ, USA, 85282

Website

Circuit Research Labs Inc develops manufactures and markets electronic audio processing, transmission encoding and noise reduction equipment for the radio, television, cable, Internet and professional audio markets.

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