HiWave Technologies (LSE:HIW) Days Inventory : 189.86 (As of Sep. 2012)

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What is HiWave Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). HiWave Technologies's Average Total Inventories for the six months ended in Sep. 2012 was £0.26 Mil. HiWave Technologies's Cost of Goods Sold for the six months ended in Sep. 2012 was £0.25 Mil. Hence, HiWave Technologies's Days Inventory for the six months ended in Sep. 2012 was 189.86.

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

LSE:HIW's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 101.78
* Ranked among companies with meaningful Days Inventory only.

HiWave Technologies's Days Inventory increased from Jun. 2011 (167.60) to Sep. 2012 (189.86). It might indicate that HiWave Technologies's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. HiWave Technologies's Inventory Turnover for the six months ended in Sep. 2012 was 0.96.

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. HiWave Technologies's Inventory-to-Revenue for the six months ended in Sep. 2012 was 0.41.

HiWave Technologies Days Inventory Historical Data

The historical data trend for HiWave 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.

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HiWave Technologies Days Inventory Chart

HiWave Technologies Annual Data

Trend

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Jun09

Jun10

Sep11

Sep12

Days Inventory

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160.55

212.84

HiWave Technologies Semi-Annual Data
	Dec02	Jun03	Dec03	Jun04	Dec04	Jun05	Dec05	Jun06	Dec06	Jun07	Dec07	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Mar12	Sep12
Days Inventory	Get a 7-Day Free Trial															-	114.91	167.60	290.10	189.86

Competitive Comparison of HiWave Technologies's Days Inventory

For the Electronic Components subindustry, HiWave 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.

HiWave Technologies's Days Inventory Distribution in the Hardware Industry

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

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

HiWave Technologies Days Inventory Calculation

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

HiWave Technologies's Days Inventory for the fiscal year that ended in Sep. 2012 is calculated as

	Days Inventory (A: Sep. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2011 )	+	Total Inventories (A: Sep. 2012 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2012 )	*	Days in Period
=	( (0.267	+	0.224)	/	2 )	/	0.421	*	365
=	0.2455					/	0.421	*	365
=	212.84

HiWave Technologies's Days Inventory for the quarter that ended in Sep. 2012 is calculated as:

	Days Inventory (Q: Sep. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2012 )	+	Total Inventories (Q: Sep. 2012 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2012 )	*	Days in Period
=	( (0.292	+	0.224)	/	2 )	/	0.248	*	365 / 2
=	0.258					/	0.248	*	365 / 2
=	189.86

HiWave Technologies (LSE:HIW) 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.

HiWave Technologies's Inventory Turnover for the six months ended in Sep. 2012 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.248	/	0.258
	=	0.96

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.

HiWave Technologies's Inventory to Revenue for the six months ended in Sep. 2012 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.258	/	0.631
	=	0.41

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.

HiWave Technologies Days Inventory Related Terms

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