Veea (VEEA) Days Inventory : 28,170.70 (As of Dec. 2024)

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What is Veea Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Veea's Average Total Inventories for the three months ended in Dec. 2024 was $7.72 Mil. Veea's Cost of Goods Sold for the three months ended in Dec. 2024 was $0.03 Mil. Hence, Veea's Days Inventory for the three months ended in Dec. 2024 was 28,170.70.

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

VEEA' s Days Inventory Range Over the Past 10 Years
Min: 5764.97 Med: 18997.89 Max: 39526.67
Current: 39526.67

During the past 2 years, Veea's highest Days Inventory was 39526.67. The lowest was 5764.97. And the median was 18997.89.

VEEA's Days Inventory is ranked worse than
99.94% of 1595 companies
in the Software industry
Industry Median: 20.36 vs VEEA: 39526.67

Veea's Days Inventory increased from Sep. 2023 (0.00) to Dec. 2024 (28,170.70). It might indicate that Veea'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. Veea's Inventory Turnover for the three months ended in Dec. 2024 was 0.00.

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. Veea's Inventory-to-Revenue for the three months ended in Dec. 2024 was 233.88.

Veea Days Inventory Historical Data

The historical data trend for Veea'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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Veea Days Inventory Chart

Veea Annual Data

Trend

Dec23

Dec24

Days Inventory

5,764.97

32,230.80

Veea Quarterly Data
	Sep23	Dec23	Jun24	Sep24	Dec24
Days Inventory	-	1,602.52	22,546.11	48,423.33	28,170.70

Competitive Comparison of Veea's Days Inventory

For the Information Technology Services subindustry, Veea'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.

Veea's Days Inventory Distribution in the Software Industry

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

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

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Veea Days Inventory Calculation

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

Veea's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (7.376	+	7.459)	/	2 )	/	0.084	*	365
=	7.4175					/	0.084	*	365
=	32,230.80

Veea's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (7.977	+	7.459)	/	2 )	/	0.025	*	365 / 4
=	7.718					/	0.025	*	365 / 4
=	28,170.70

Veea (NAS:VEEA) 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.

Veea's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.025	/	7.718
	=	0.00

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.

Veea's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.718	/	0.033
	=	233.88

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.

Veea Days Inventory Related Terms

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

Veea Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

164 East 83rd Street, New York, NY, USA, 10028

Website

https://www.veea.com

Veea Inc is a company providing edge platform having extensive knowledge and expertise on content delivery and edge computing, and has brought a broad range of Wi-Fi, 4G/5G mobile wireless, and IoT products to market over the past two decades. It has first-in-class VeeaHub smart computing hubs integrate a full range of connectivity options, application processing power, and a full security stack to form an elastic edge computing platform with a dynamic connectivity and application mesh that can easily be deployed and centrally managed from the cloud.