Rekor Systems (FRA:38E) Days Inventory : 58.05 (As of Dec. 2023)

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What is Rekor Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Rekor Systems's Average Total Inventories for the three months ended in Dec. 2023 was €3.02 Mil. Rekor Systems's Cost of Goods Sold for the three months ended in Dec. 2023 was €4.75 Mil. Hence, Rekor Systems's Days Inventory for the three months ended in Dec. 2023 was 58.05.

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

FRA:38E' s Days Inventory Range Over the Past 10 Years
Min: 4.13 Med: 52.99 Max: 97.89
Current: 58.38

During the past 8 years, Rekor Systems's highest Days Inventory was 97.89. The lowest was 4.13. And the median was 52.99.

FRA:38E's Days Inventory is ranked worse than
70.1% of 1562 companies
in the Software industry
Industry Median: 19.48 vs FRA:38E: 58.38

Rekor Systems's Days Inventory declined from Dec. 2022 (69.80) to Dec. 2023 (58.05).

Inventory Turnover measures how fast the company turns over its inventory within a year. Rekor Systems's Inventory Turnover for the three months ended in Dec. 2023 was 1.57.

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. Rekor Systems's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.30.

Rekor Systems Days Inventory Historical Data

The historical data trend for Rekor Systems'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.

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Rekor Systems Days Inventory Chart

Rekor Systems Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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41.24

82.76

94.29

51.77

56.44

Rekor Systems Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															69.80	64.00	52.09	64.37	58.05

Competitive Comparison of Rekor Systems's Days Inventory

For the Software - Infrastructure subindustry, Rekor Systems'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.

Rekor Systems's Days Inventory Distribution in the Software Industry

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

* The bar in red indicates where Rekor Systems's Days Inventory falls into.

Rekor Systems Days Inventory Calculation

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

Rekor Systems'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
=	( (1.875	+	2.804)	/	2 )	/	15.13	*	365
=	2.3395					/	15.13	*	365
=	56.44

Rekor Systems'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.241	+	2.804)	/	2 )	/	4.751	*	365 / 4
=	3.0225					/	4.751	*	365 / 4
=	58.05

Rekor Systems (FRA:38E) 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.

Rekor Systems's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4.751	/	3.0225
	=	1.57

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.

Rekor Systems's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3.0225	/	10.148
	=	0.30

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.

Rekor Systems Days Inventory Related Terms

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

Rekor Systems (FRA:38E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rekor Systems Inc (FRA:38E) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

REKR:USA 38E:Germany

Address

6721 Columbia Gateway Drive, Suite 400, Columbia, MD, USA, 21046

Website

https://www.rekor.ai

Rekor Systems Inc is a United States-based company. It is engaged in providing real-time roadway intelligence through AI-driven decisions. Rekor bridges commercial and government sectors with actionable, real-time vehicle recognition data. The firm uses artificial intelligence to analyze video streams and transform them into AI-driven decisions. Its machine learning software can turn most IP cameras into accurate vehicle recognition devices used to help protect lives, increase brand loyalty, and enhance operations and logistics. Its geographical segments are the United States, Canada, and Others, of which the majority of its revenue comes from the United States.

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