PRZO (ParaZero Technologies) Days Inventory : 278.96 (As of Jun. 2024)

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What is ParaZero Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ParaZero Technologies's Average Total Inventories for the six months ended in Jun. 2024 was $0.32 Mil. ParaZero Technologies's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.21 Mil. Hence, ParaZero Technologies's Days Inventory for the six months ended in Jun. 2024 was 278.96.

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

PRZO' s Days Inventory Range Over the Past 10 Years
Min: 153.91 Med: 248.28 Max: 355.25
Current: 242.84

During the past 4 years, ParaZero Technologies's highest Days Inventory was 355.25. The lowest was 153.91. And the median was 248.28.

PRZO's Days Inventory is ranked worse than
73.45% of 290 companies
in the Aerospace & Defense industry
Industry Median: 145.02 vs PRZO: 242.84

ParaZero Technologies's Days Inventory declined from Jun. 2023 (304.32) to Jun. 2024 (278.96).

Inventory Turnover measures how fast the company turns over its inventory within a year. ParaZero Technologies's Inventory Turnover for the six months ended in Jun. 2024 was 0.65.

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. ParaZero Technologies's Inventory-to-Revenue for the six months ended in Jun. 2024 was 1.13.

ParaZero Technologies Days Inventory Historical Data

The historical data trend for ParaZero 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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ParaZero Technologies Days Inventory Chart

ParaZero Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Inventory

153.91

278.86

355.25

217.70

ParaZero Technologies Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Inventory	Get a 7-Day Free Trial			563.18	324.83	304.32	195.40	278.96

Competitive Comparison of ParaZero Technologies's Days Inventory

For the Aerospace & Defense subindustry, ParaZero 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.

ParaZero Technologies's Days Inventory Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, ParaZero Technologies's Days Inventory distribution charts can be found below:

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

ParaZero Technologies Days Inventory Calculation

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

ParaZero 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
=	( (0.305	+	0.264)	/	2 )	/	0.477	*	365
=	0.2845					/	0.477	*	365
=	217.70

ParaZero Technologies's Days Inventory for the quarter that ended in Jun. 2024 is calculated as:

	Days Inventory (Q: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (0.264	+	0.378)	/	2 )	/	0.21	*	365 / 2
=	0.321					/	0.21	*	365 / 2
=	278.96

ParaZero Technologies (NAS:PRZO) 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.

ParaZero Technologies's Inventory Turnover for the six months ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.21	/	0.321
	=	0.65

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.

ParaZero Technologies's Inventory to Revenue for the six months ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.321	/	0.283
	=	1.13

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.

ParaZero Technologies Days Inventory Related Terms

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

ParaZero Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » ParaZero Technologies Ltd (NAS:PRZO) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Dov Hoz, Kiryat Ono, ISR, 5555626

Website

https://www.parazero.com

ParaZero Technologies Ltd is an aerospace company that is focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems. The ParaZero SafeAir system of the comapany applies real-time data analytics to identify and mitigate flight risks autonomously and increase safety for bystanders while protecting the loss of expensive drones, equipment, and payloads.