SPRQF (SPARQ Systems) Days Inventory : 876.44 (As of Sep. 2024)

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What is SPARQ Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SPARQ Systems's Average Total Inventories for the three months ended in Sep. 2024 was $2.38 Mil. SPARQ Systems's Cost of Goods Sold for the three months ended in Sep. 2024 was $0.25 Mil. Hence, SPARQ Systems's Days Inventory for the three months ended in Sep. 2024 was 876.44.

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

SPRQF' s Days Inventory Range Over the Past 10 Years
Min: 181.14 Med: 730 Max: 2867.28
Current: 778.12

During the past 6 years, SPARQ Systems's highest Days Inventory was 2867.28. The lowest was 181.14. And the median was 730.00.

SPRQF's Days Inventory is ranked worse than
96.99% of 963 companies
in the Semiconductors industry
Industry Median: 118.67 vs SPRQF: 778.12

SPARQ Systems's Days Inventory declined from Sep. 2023 (5,917.09) to Sep. 2024 (876.44).

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. SPARQ Systems's Inventory Turnover for the three months ended in Sep. 2024 was 0.10.

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. SPARQ Systems's Inventory-to-Revenue for the three months ended in Sep. 2024 was 8.95.

SPARQ Systems Days Inventory Historical Data

The historical data trend for SPARQ 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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SPARQ Systems Days Inventory Chart

SPARQ Systems Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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178.33

715.59

2,878.29

1,106.24

694.92

SPARQ Systems Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial												5,917.09	233.58	33,299.73	5,700.72	876.44

Competitive Comparison of SPARQ Systems's Days Inventory

For the Solar subindustry, SPARQ 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.

SPARQ Systems's Days Inventory Distribution in the Semiconductors Industry

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

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

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SPARQ Systems Days Inventory Calculation

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

SPARQ 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
=	( (1.26	+	2.563)	/	2 )	/	1.004	*	365
=	1.9115					/	1.004	*	365
=	694.92

SPARQ Systems'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
=	( (2.202	+	2.562)	/	2 )	/	0.248	*	365 / 4
=	2.382					/	0.248	*	365 / 4
=	876.44

SPARQ Systems (OTCPK:SPRQF) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.248	/	2.382
	=	0.10

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.382	/	0.266
	=	8.95

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.

SPARQ Systems Days Inventory Related Terms

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

SPARQ Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SPARQ Systems Inc (OTCPK:SPRQF) » Definitions » Days Inventory

Traded in Other Exchanges

M26:Germany SPRQ:Canada

Address

945 Princess Street, Innovation Park, Box 212, Kingston, ON, CAN, K7L 0E9

Website

https://www.sparqsys.com

SPARQ Systems Inc designs and manufactures next-generation single-phase microinverters for residential and commercial solar electric applications. SPARQ has developed a proprietary photovoltaic (PV) solution called the Quad; the Quad inverter optimizes four PV modules with a single microinverter, simplifying design & installation and lowering the cost for solar power installations when compared to existing market offerings. Its microinverter system can be used in any power grid, conventional or smart, around the globe.