SERV (Serve Robotics) Days Inventory : 125.05 (As of Sep. 2024)

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What is Serve Robotics Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Serve Robotics's Average Total Inventories for the three months ended in Sep. 2024 was $0.52 Mil. Serve Robotics's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.38 Mil. Hence, Serve Robotics's Days Inventory for the three months ended in Sep. 2024 was 125.05.

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

SERV' s Days Inventory Range Over the Past 10 Years
Min: 146.76 Med: 159.23 Max: 171.7
Current: 171.27

During the past 3 years, Serve Robotics's highest Days Inventory was 171.70. The lowest was 146.76. And the median was 159.23.

SERV's Days Inventory is ranked worse than
69.18% of 2904 companies
in the Industrial Products industry
Industry Median: 121.88 vs SERV: 171.27

Serve Robotics's Days Inventory increased from Sep. 2023 (118.80) to Sep. 2024 (125.05). It might indicate that Serve Robotics'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. Serve Robotics's Inventory Turnover for the three months ended in Sep. 2024 was 0.73.

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. Serve Robotics's Inventory-to-Revenue for the three months ended in Sep. 2024 was 2.33.

Serve Robotics Days Inventory Historical Data

The historical data trend for Serve Robotics'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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Serve Robotics Days Inventory Chart

Serve Robotics Annual Data

Trend

Dec21

Dec22

Dec23

Days Inventory

171.70

146.76

Serve Robotics Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial						118.80	187.87	195.30	202.37	125.05

Competitive Comparison of Serve Robotics's Days Inventory

For the Specialty Industrial Machinery subindustry, Serve Robotics'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.

Serve Robotics's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Serve Robotics's Days Inventory distribution charts can be found below:

* The bar in red indicates where Serve Robotics's Days Inventory falls into.

Serve Robotics Days Inventory Calculation

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

Serve Robotics'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
=	( (0.618	+	0.774)	/	2 )	/	1.731	*	365
=	0.696					/	1.731	*	365
=	146.76

Serve Robotics's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0.709	+	0.327)	/	2 )	/	0.378	*	365 / 4
=	0.518					/	0.378	*	365 / 4
=	125.05

Serve Robotics (NAS:SERV) 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.

Serve Robotics's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.378	/	0.518
	=	0.73

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.

Serve Robotics's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.518	/	0.222
	=	2.33

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.

Serve Robotics Days Inventory Related Terms

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

Serve Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Serve Robotics Inc (NAS:SERV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

730 Broadway, Redwood, CA, USA, 94063

Website

https://www.serverobotics.com

Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.