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STEC, (FRA:XTC) Days Inventory : 227.87 (As of Jun. 2013)


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What is STEC, Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). STEC,'s Average Total Inventories for the three months ended in Jun. 2013 was €31.97 Mil. STEC,'s Cost of Goods Sold for the three months ended in Jun. 2013 was €12.80 Mil. Hence, STEC,'s Days Inventory for the three months ended in Jun. 2013 was 227.87.

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

FRA:XTC's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 101.695
* Ranked among companies with meaningful Days Inventory only.

STEC,'s Days Inventory increased from Jun. 2012 (124.04) to Jun. 2013 (227.87). It might indicate that STEC,'s sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. STEC,'s Inventory Turnover for the three months ended in Jun. 2013 was 0.40.

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. STEC,'s Inventory-to-Revenue for the three months ended in Jun. 2013 was 1.80.


STEC, Days Inventory Historical Data

The historical data trend for STEC,'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.

STEC, Days Inventory Chart

STEC, Annual Data
Trend Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec12
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 108.88 110.11 147.16 154.45 168.64

STEC, Quarterly Data
Sep08 Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 124.04 137.89 166.79 235.61 227.87

Competitive Comparison of STEC,'s Days Inventory

For the Computer Hardware subindustry, STEC,'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.


STEC,'s Days Inventory Distribution in the Hardware Industry

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

* The bar in red indicates where STEC,'s Days Inventory falls into.



STEC, Days Inventory Calculation

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

STEC,'s Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

Days Inventory (A: Dec. 2012 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2011 ) + Total Inventories (A: Dec. 2012 )) / count ) / Cost of Goods Sold (A: Dec. 2012 )*Days in Period
=( (44.558 + 31.821) / 2 ) / 82.654*365
=38.1895 / 82.654*365
=168.64

STEC,'s Days Inventory for the quarter that ended in Jun. 2013 is calculated as:

Days Inventory (Q: Jun. 2013 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2013 ) + Total Inventories (Q: Jun. 2013 )) / count ) / Cost of Goods Sold (Q: Jun. 2013 )*Days in Period
=( (32.493 + 31.451) / 2 ) / 12.803*365 / 4
=31.972 / 12.803*365 / 4
=227.87

* 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.


STEC,  (FRA:XTC) 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.

STEC,'s Inventory Turnover for the three months ended in Jun. 2013 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.

STEC,'s Inventory to Revenue for the three months ended in Jun. 2013 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.


STEC, Days Inventory Related Terms

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


STEC, (FRA:XTC) Business Description

Traded in Other Exchanges
N/A
Address
STEC, Inc., was incorporated in 1990 in the state of California. It provides enterprise-class Flash solid-state drives that are designed to increase the performance of enterprise-storage systems and servers that companies use to retain and access their critical data. Its products are designed for storage systems and servers that run applications requiring a high level of input/output operations per second ('IOPS') performance, capacity, reliability and low latency. The Company designs and develops its SSD controllers, enhance them with proprietary firmware and combine them with third-party Flash memory to form high-performance SSDs which provide a level of IOPS performance not currently possible with traditional hard disk drives ('HDDs'). The Company sells its SSDs to global storage and server original equipment manufacturers ('OEMs') which integrate them into storage systems and servers used by enterprises in a variety of industries including financial services, government, transportation, defense and aerospace, and transaction processing. It also manufactures small form factor Flash SSDs, cards and modules, as well as custom high density dynamic random access memory ('DRAM') modules for networking, communications and industrial applications. The Company markets its products to OEMs, leveraging its comprehensive design capabilities to offer custom storage solutions to address their specific needs. A major area of its Flash-based product investment has been applied to SSD technology. It also offers both monolithic DRAM modules and DRAM modules based on its proprietary stacking technology. The Company also offers both monolithic DRAM modules and DRAM modules based on its proprietary stacking technology. The Company's ZeusIOPS SSDs are high performance enterprise-class data storage solutions. Its MACH-class SSDs are small form factor, high throughput storage solutions for mission-critical systems in a variety of industries. The Company's Industrial Grade Advanced Technology Attachment ('ATA') PC Cards are viable alternatives to HDDs due to their high reliability and low cost per useable megabyte. CompactFlash products provide full PC Card ATA functionality but are only one-fourth the size of a standard PC Card. Its flash module products include USB and Serial ATA interfaces and are targeted toward embedded systems where device footprint and low power are critical design parameters. The Company's Secure Digital ('SD') Flash Memory Cards are small, removable and non-volatile flash memory with a high performance interface. Its USB flash drive built upon an industrial-grade flash controller technology has capacity of 1GB to 8GB, its USB Flash Drive couples convenience and portability with performance and reliability. The Company offers DRAM products, including dual in-line memory modules ('DIMMs'), small-outline DIMMs, mini-registered DIMMs, very low profile registered DIMMs ('VLP RDIMMs') and Fully-Buffered DIMMs ('FB-DIMMs'). Its pat

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